How Do I Sell a Turnkey Business?
Selling a turnkey business can be accomplished through an online business service or conventionally through a real estate agency. The type of turnkey business typically dictates the selling procedure. Virtual sales companies can be sold online through a turnkey opportunity network.
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Real Property
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A turnkey business which involves real property must be sold either through a real estate agency or as a FSBO (for sale by owner) property. A title search by an attorney and a transfer and filing of deed is required. A commercial laundromat is a good example of a turnkey business which includes real property.
Personal Property
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If the turnkey business includes only personal property or leased machines, it can be sold through either a classified print or online advertisement. A vending machine or truck hauling business are good examples or personal property turnkey companies.
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Virtual Sales or Services
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Virtual sales or services turnkey businesses are typically sold via online notices or through a turnkey business network. A fee is paid to advertise the opportunity and the entire transaction is handled through the Internet provider. Both the advertisement fee or commission and purchase price are typically paid through an electronic funds transfer.
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- Photo Credit laundromat image by Scott Patterson from Fotolia.com
