The Principium Business For Sale By Owner Program offers a cost-effective solution for smaller businesses that can effectively market their business, with specific support functions provided by The Principium Group.
For a flat rate, Principium advertises the business for sale and provides specific consulting services to the client.
Who is the Principium Business For Sale By Owner Program Appropriate For?
- Smaller businesses that are likely to be sold to a buyer identified through an advertising process.
- Sellers who feel comfortable representing themselves, qualifying potential buyers and negotiating on their own behalf.
What services are provided by Principium in the Principium Business For Sale By Owner Program?
- Assistance in development of a one-page, no-name (for confidentiality purposes, if desired) business summary.
- Assistance in preparing a confidential business profile.
- Online advertising under Principium’s name in the leading online business for sale marketplaces: bizbuysell.com, bizquest.com, and others, for a period of two years or until the business sells, whichever comes first. This would cost you as a seller at least $120 per month during the period your business is listed, but it is covered in full in the flat rate charged by the Principium Business For Sale By Owner Program.
- All inquiries will be forwarded directly to the seller for response.
- Principium will provide up to five hours of professional consultation through the sales process.
What services are NOT included as part of the Principium Business For Sale By Owner Program?
- Formal business valuation services.
- Qualifying of potential buyers (all leads are provided directly to you for your action as you deem appropriate).
- Negotiating with potential buyers on your behalf.
- Assistance with the due diligence process.
- Assistance in obtaining financing for prospective buyers.
- Advertising beyond the internet sites included in our program. If ads are run in newspapers or magazines, these will be at the seller’s cost.
- Travel costs. (If a site visit is desired, there will be additional costs.)
What is the fee structure for the Principium Business For Sale By Owner Program?
The fee for participating in the Principium Business For Sale By Owner Program is as follows:
Business with less than $1,000,000 in revenues, flat fee - $2,000**
Business with $1,000,000 to $2,000,000 in revenues, flat fee - $3,000**
Business with over $2,000,000 in revenues, , flat fee - $4,000**
* Additional consulting time is available at the following rates: principal - $150 per hour, associate - $100 per hour.
** All fees for the Principium Business For Sale By Owner Program must be prepaid. Credit cards are accepted.
In the event a seller participates in the Principium For Sale By Owner Program and later (within two years of first participating in the program) engages The Principium Group to represent them in connection with selling their business, the full fee associated with the Principium Business For Sale By Owner Program will be credited against the commission charged in connection with full representation.
To contact us about the Business For Sale By Owner Program, complete this simple form or contact us by phone or email.