Liquidation Sale - September 19, 2009

Q&A’s

Seller Information

Q) Why should I consider participating in this event?

A) The number of businesses sold is down and the length of time to find a buyer and close a sale is up (approximately 9 months currently).

If your business is unprofitable you will be spending money or incurring debt each month to keep the doors open which will not likely be recouped.

An auction can dramatically speed up the process enabling you to cut your losses.

An auction creates competition among the buyers which may result in a higher price than would be obtained by conventional methods.

Once third parties (landlord, lenders, etc.) are informed about the impending auction they realize the seriousness of the situation and become more flexible (cutting lease rates, modifying existing loans, accepting short sales, etc.)

In summary, an auction of your business will likely yield a far quicker sale, cap your losses and provide higher net proceeds than waiting for a turnaround or closing the doors.

Q) What is required of me?

A) A willingness to accept some loss on your investment now as opposed to waiting for a turnaround which, if doesn’t occur, may mean a far greater loss later.

Agree to be on standby during the auction near a fax/email and scanner in order to accept or counter an offer as soon as it is written. All offers will be accompanied by the buyer’s deposit check which will be deposited in escrow upon your acceptance.

Q) How do I participate?

A)

Liquidation doc 3

If your business is already listed with Business Team please contact your agent. If not, please call the Business Team office nearest you and one of our agents can explain the process in more detail.