I'll be looking to sell some of my portfolio in the next few years and I'd like to hear how the process went for others here?
The businesses I'll ultimately want to sell in 2025/2026 include:
1) A property services business that does gutter cleaning, snow removal, pressure washing of townhouse/ low rise apartment complexes. Revenue ~$1 million CAD and EBITDA $0.3 million CAD
2) A designer and parts supplier for water features. Mostly working alongside landscape architects on some of the largest residential, commercial and government buildings. Revenue $2 million CAD and EBITDA $0.5 million CAD
3) A safety training and first aid training business. Revenue $7 million and EBITDA $2 million
My business partner on these businesses wants to see what we can do ourselves before hiring a business broker/ M&A advisor. How has your experience been posting on businessforsale.com vs searchfunder.com vs axial.net. Any others that could work before we use a business broker?
Thanks in advance!
Websites Used for Selling Your Business
by a searcher from Simon Fraser University - Beedie School of Business
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Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Main street brokers are hit-or-miss. There are lots of listings sitting around forever, but probably has more to do with the business than the broker.
I haven't had great experiences with sellers that are marketing themselves outbound without a broker. A bit of snake oil IMO. I have also seen some that are later listed by brokers at a lower price.
For your use case I would consider rejigg. Itprovides a little more norming between parties and not too expensive
Axial, pemarketplace and others are great, but the finders fees are high and mostly brokered listings.