After you have completed the important tasks of determining the value of your business and preparing your business is for sale (i.e., making sure financials are in order, made necessary repairs or upgrades, etc.), you will need to create a marketing plan so that people know your business is for sale.
Your marketing plan could include advertising in trade publications, listing your business on online marketplaces or business broker websites, or contacting other business owners in your industry. Don’t forget to notify your personal network that your business is for sale.
Once you have interested buyers it’s a good idea to screen them to determine if they are qualified to purchase your business. This could include asking for financial statements, credit reports, or business plans. When you’ve identified a qualified buyer, you'll need to negotiate the terms of the sale and finalize the transaction. Consider hiring an attorney or business broker to help you with the legal and financial aspects of the sale.
Selling a business can take time, and you may need to be patient in finding the right buyer. Be prepared to answer questions and provide information to potential buyers, and make sure you are comfortable with the terms of the sale before finalizing the deal.