The decision to sell your pub business can be a tough one especially if you have invested a big chunk of resources, time and money into it for some years. However, the chances are that you would be selling the business at a profit. If you have made up your mind regarding the sale, then the next challenge is finding the right buyer who is willing to accept your terms. The quicker you find a buyer, the better. Notably, the longer the pub stays on the market, the higher the chances that you might be inclined to accept a substantially lower price. This article provides pointers on how you can place your pub for sale quickly without necessarily appearing desperate.
Staff Awareness -- One of the biggest assets of a business is the workforce. The manner in which you treat employees while selling your pub has a significant implication on how quickly you find a buyer. Therefore, even while your bar is on the market, your staff remains a real asset. Letting your employees know that you are putting the business up for sale is the best move you could make. It communicates a message that you are honest and that you have their best interests at heart. Some staff might even help you to market the facility because they interact with other people in the same industry. It is especially the case if you assure your employees that their future at the company is guaranteed.
Get the Right Agent -- Most people are of the belief that any property sales agent can sell any property. However, nothing could be further from the truth. There is no way a sale agent specialising in residential property will find you the best deal for your pub because it is not their niche. Therefore, as you search for an agent, make sure that you get one who focuses on the sale of similar facilities. The right agent will find the right type of potential buyers in no time, a feat that might take a residential sales agent a couple of months.
Presentation -- Pubs are susceptible to damages due to tear and wear. However, you need to understand that, for instance, even minor cracks on your pub's counter can lower the attractiveness of your premises to potential buyers considerably. Therefore, before you allow a prospective purchaser into your pub for assessment, make sure that you take care of the smallest of damages. Otherwise, you might end up running a bar that is on the market for many months.Share