How do I find a buyer for my business?

Short Answer

Map your buyer universe of trade and financial buyers, then reach them confidentially through an adviser using an anonymous teaser and, under NDA, a fuller information memorandum, ideally running a competitive process.

Full Explanation

Finding the right buyer is about reaching the party who values your business most, while protecting confidentiality until they are serious.

Start by mapping your buyer universe. Trade buyers — competitors, suppliers, customers or adjacent companies — may pay for strategic fit and synergies. Financial buyers such as private equity firms and search funds buy for a return and for a platform to build on. An adviser or broker then approaches these buyers with a short, anonymous teaser to gauge interest, and shares the fuller information memorandum only with those who sign a non-disclosure agreement.

Running a curated, competitive process — several credible buyers in parallel — tends to produce a better price and terms than a single conversation, because it creates tension and options. Throughout, discretion matters: staff, customers and competitors should not learn the business is for sale prematurely.

For the full approach, see how to find a buyer for your business and the sell your business hub.

Related Glossary Terms

Buyer Universe Teaser (M&A) Information Memorandum (IM) Trade Sale

Related Questions

What is my business worth to a buyer?

A buyer applies a multiple to your normalised earnings and sets that multiple on the quality of your intangible assets — brand, customers, technology,...

Should I use a business broker or an M&A adviser?

It depends on size and complexity. Business brokers typically suit smaller, simpler sales; corporate finance or M&A advisers suit larger or more compl...

How much does it cost to sell a business?

Expect adviser or broker fees, legal fees and, often, tax on the gain. Fees vary widely by deal size and complexity; larger deals typically pay a corp...

Want to see these concepts in action?

Take the free intangible asset assessment to see how these concepts apply to your business.