Oct 4, 2021

How to Sell a Turnkey Business

If building a business from the ground up was easy, everyone would do it. From finding the right product to sell, sourcing and developing it, getting it live on your site , to building a loyal and invested customer base, the hurdles are endless. These are a few of the reasons why people look to buy businesses already set up, also known as turnkey businesses. Turnkey businesses are businesses and brands that are ready to make sales on day one. All the buyer has to do is maintain current operations ensure sales are being generated. Let’s review the initial and pivotal steps you should follow before listing your turnkey business in order to best capitalize on your sale.

Take Business Inventory

Start off by taking a complete inventory of your business. Inventory is not just your sellable assets but also all the aspects that go into running the business smoothly. Make sure to catalog all the software, systems, and processes that are responsible for day-to-day functions, as well as the contracts you have with any clients or external suppliers.

It will be beneficial to lay out everything you do for the business, how long it takes, and any additional details for the future buyer to take note of. There are bound to be things you do that no one knows about and processes that only live in your head. Writing them all down will make for a smoother transition at the sale. If you have employees, this is also the time to figure out who will be kept on and plan your conversations with them when it's time to sell.

Establish a Selling Price

Next, you will need to determine the price at which you want to sell. Settling on a price requires you to consider the company's assets, the current revenue driving sales, and the potential for additional income. Your assets are what you physically own, like inventory, the building, and equipment. Then the rest is determined by a review of your profit and cash flow, balanced with the earnings you will be looking at in the next few years should everything remain the same.

Gather Paperwork

Once you have determined your sales price, it is time to pull together the paperwork that you will need to persuade potential buyers into buying. Documentation should include all of the processes and assets being sold, alongside proof of how the business is doing. As the seller, you need to show the business’ success through tax returns and financial statements over the past few years. This information and proof will make a buyer more comfortable when they start looking into the details and background of your business upon approach.

This is why we suggest that you get all of your business's processes down on paper, so a buyer can look through the way things are done and evaluate if they see potential in your company. Don’t forget, you always want to have a Non-Disclosure Agreement (NDA) in place before beginning any conversation with a potential buyer to ensure the buyer cannot take off with important company documents, numbers, or information that should be kept private

List It!

The last step is to list it, which can be done on several websites online. If you own a Shopify store, the platform offers a site to buy and sell online stores called Shopify Exchange Marketplace. If you follow the tips in this guide, by the time you list your business for sale, you should be fully equipped to hand over your turnkey business to any potential new owner. Click here to know how to choose your online business selling platform.

How to Choose Your Online Selling Platform

Choosing where your internet niche is difficult, but following this guide will help you take the guesswork out of it and make your life a little easier. While selling online can be complicated at times, it is exciting and fulfilling to create something of your own and succeed in doing so


Buying & Selling On Shopify Exchange Marketplace

Buying and selling on the Shopify Exchange Marketplace can be easy when done correctly. If you're ready, take your entrepreneurial spirit over to the marketplace and see what you can find today. Your next adventure is just a couple steps away.


How to Sell a Turnkey Business

Turnkey businesses are businesses and brands that are ready to make sales on day one. All the buyer has to do is maintain current operations ensure sales are being generated. Let’s review the initial and pivotal steps you should follow before listing your turnkey business in order to best capitalize on your sale.


How to Calculate an Amazon Business's Valuation

While the value of your Amazon business gets based on a couple of factors, fortunately, you can control most of them. If your valuation does not come in as high as you want, work on the factors that determine the multiple and reduce the risk for a buyer because that will ultimately net you more money.


Guide To Selling Your Amazon FBA Business And Its Worth

Has your FBA brand grown beyond the size you are able to manage? Whether it’s that, or you’re simply looking to embark on a new journey, you really don’t have to be an expert in FBA to start thinking about your exit strategy.


A Look Into the First Month as an Investments Senior Associate at unybrands

The Investments & Integration team can provide a platform to springboard all team members into a leadership position at the pace one is willing to grow.


Information On How To Sell Shopify Stores

A dream destination for anyone looking to start or run their business efficiently, Shopify is a leading eCommerce platform. Since its inception, it has enabled more than 500,000 merchants to create enticing online storefronts for their businesses, while providing customers with a streamlined and improved shopping experience.


Korion Morris on Joining unybrands

unybrands is uniquely positioned to win in the space


How Do I Sell My Online Business in 2021

Selling an e-commerce business is a unique experience, differing significantly from selling a retail one. Companies around the globe have invested tremendous resources to enhance their e-commerce presence. Unlike brick-and-mortar stores, e-commerce offers endless opportunities to generate new revenue streams; from accessing an international pool of customers at any time of the day or night. As a result, investor interest in e-commerce businesses has increased significantly over the last decade.


How to Value and Sell an E-Commerce Business

Selling an e-commerce business is a little different from selling a physical brick-and-mortar store. Let’s look into how you can easily sell your e-commerce business in 6 easy steps.


Selling your online business: Eugen Miropolski on unybrands as your best partner

We have extensive financial resources and never make it complicated for entrepreneurs. In fact, everything we do we base on the perspective of our partners.


Is your online business for sale?

Supply chain optimization can be as simple as you want it to be—or as complicated as you make it out to be.


Nicole Wang on German and American aggregators working with Chinese manufacturers

Having assembled deep domain expertise in e-commerce, our strategy is to scale microbrands around various market segments.