Chances are that if you’ve started and grown a business, there may come a point when you’d like to sell it. You may perhaps have another startup idea that you’d like to develop or simply want to get the financial returns from the business you’ve created and built to date. Whatever the reason may be, the actual process of selling your business can be both time consuming and challenging. However, thanks to our latest Startup of the Week, that need not be the case.
Bizdaq is an online platform for buying and selling businesses. Whether your business is a traditional bricks and mortar coffee shop or an innovative e-commerce site, this is the platform for you - provided of course that said business is worth between £5k and £2million!
Here’s how it works:
As a business seller, you simply create an advert on the site outlining info on everything from your location and market to your annual turnover. To place such an advert, you simply pay a subscription fee - which costs from £95+VAT for 1 month to £395+VAT for 6 months. This is where Bizdaq excels since this is the only fee that a business owner has to pay - there are no hidden fees and no commission charges to be paid when your business is sold.
As a potential business buyer, you can use the platform to search for a business using your own preferred criteria - whether that be the business location or market sector or the asking price and annual turnover. The Bizdaq folk will also help you with everything from arranging a viewing through to making an offer on a business that interests you. They’ll even help you access credit or legal advice through their network of partners.
Not only do we love Bizdaq for making the process of buying or selling a business more simple, we love it for the fact that it’s made it so much cheaper too - a real win/win.
Even if it’s still early days for your own startup just now, we reckon this platform is one to watch and remember for the future!
For now though, check out the short video below which explains things a little further...
Like finding out about interesting startups? Why not check out our previous Startup of the Week?