Can you sell your business to a competitor?
One of the most common questions we get asked, is it possible to sell your business to a competitor? You may be surprised that the answer is yes, and selling a business to a competitor in Tampa, Florida, is quite common. It is important to be aware that selling a business to a competitor is different to selling to a buyer who has no previous experience in buying businesses. Based on this you need to treat both buyers differently. A competitor can actually be a good buyer Selling your business to a competitor shouldn’t have any negative connotations. Your competitor can be a great buyer for your business as they will have experience in your industry. A competitor may also have a better understanding of the value of your business which can help speed up the negotiation process. Do approach the sale with caution While a competitor can be a great buyer for your business, we always advise that you should proceed with caution in the early negotiations. Sadly, there have be