Why should I use BizRetire over Business Brokers or Competitors?
BizRetire is a hybrid, combining the pros of both a Broker and online marketplace, without any of the cons.
Buyers on BizRetire have barriers in place to weed out Buyers that would most likely waste your time. In order to just view your listing Buyers are required to create an account and agree to a Non-Disclosure of your private information. Buyers who want to send you their contact information must pay first. This will eliminate a large majority of buyers who are just "window shopping".
BizRetire never middle-mans your transaction or collects a comission. You get to talk directly with the Serious Buyer and understand their background, intentions, and whether they'd be a good fit for your company and community.
BizRetire is also a Veteran and Family Owned and operated business who cares about helping small business owners becoming successful in selling their businesses.
All our listings fees are at or below our main competitors, at the time of this writing, with all the upsides, above.
Why not list my business on another business for sale platform?
Most of the larger online business for sale marketplaces cater to business brokers over business owners, because Brokers have large marketing budgets for online listings.
Some platforms charge a commission based fee structure to sell your business, which is practically the same as using a Broker.
Other platform may have thousands of "buyers" but those buyers can contact you without any vetting or resistance. Buyers who are watching online gurus and taking courses are on the rise and will likely waste your time. Their "spray and pray" methods to tie an owner up in a deal, coupled with lack of funding and/or experience makes it a nightmare to find a good buyer on these platforms.
Why should I not use a Business Broker to sell my Business?
On average Brokers sell 5 to 6 businesses a year (out of 25/30 total) which is not enough reps to be considered an "expert" at anything.
Smaller businesses often have to pay higher commissions, up to 20%, and sometimes are required to pay upfront, non-refundable, fees.
Small businesses are not an active priority for Brokers because the commission is small; they often just sit waiting for a miracle.
Communication takes up to 4x longer using a Broker increasing the time it takes to sell a business. Buyer to Broker, Broker to Seller, Seller back to Broker, Broker back to Buyer.
If a Broker guarantees 10% more for your business, with a 10% commission, they'd have to increase the price by ~22%. A higher sales price means you're less likely to sell your business, and if you do, it will take much longer to sell.
Learn more about why we think Brokers aren't right for everyone:
The Game is Stacked against Small Business Owners
As a business owner you are 100% guaranteed to exit your business whether you're prepared for it or not. Here's 6 primary ways that will cause you to exit your business: Death, Divorce, Disability, Distress, Disagreement or Deal.
Statistics show that 80% of your networth is tied up in your business. Based on national averages, your business has a 20% chance of ever selling.
91% of Businesses in the US make under $1mil in Revenue.
But the vast majorty of experts and advisors only work with the upper 9%.