The Process
How The Process Works
Once engaged, the team at Online Business Market will create a listing on the marketplace, which will include ‘teaser’ details of your business.
See what a live listing looks like – click here
Your business will also be included on the next Listing Alert email which is emailed to our 000’s of active subscribers who are prospective buyers on our database.
If a prospect is interested in your business they will contact you directly with questions and/or request for more information about your business.
When you have an interested party in your business – the team at Online Business Market will be able to provide you a complimentary template LOI (Letter Of Intent) form which you and the interested party can use so the interested party can undertake a due diligence process.
We suggest you provide the interested party an exclusive 7 – 14 day due diligence timeframe after they submit a LOI
Yes, absolutely. the team will contact you.
As a seller you pay no brokerage fees or commissions on the sale of your business.
The only fee payable is the listing fee stated above
If your business does not sell within the 90 days. You are able to ‘relist’ the site for a further 180 days for a small additional fee of $149
Yes you can. You can email the team at any time and they will update your listing within a 24 hour time period.
It is important that we are providing the most up to date and relevant details to prospective buyers.
Timing. Are you ready to sell? Determining your exit goals, and preparing in advance helps make the process of selling your online business go as smoothly as possible.
Step 1: Prepare your business for sale — this includes collecting all financial, customer, traffic and marketing data.
Step 2: Review offers, negotiate terms, and complete due diligence and closing.
When we post your listing ad to our website, we provide a description of your business, but do not disclose your company name. website address or details.
All prospects that wish to review more information are required to have a signed Non-Disclosure Agreement (NDA) on file before the prospectus, which includes your company details and URL, is released. This Confidentiality Agreement is a legally binding contract requiring the signer to keep the information provided confidential. While not a 100% guarantee, it offers a legal standing and having this in place is a strong determent against such actions.
Congratulations and well done.
If you sell your business before the end of the 90 day listing period – email the team and they will mark the listing sold.
This will stop any prospective buyers from contacting you further about the business