Listing a business only for sale with no leased property . What forms to use? Can't find anything in my MLS for business sale only .
So i am trying to list a business only for sale(Liquor store ) and cant find anything in MLS for Business sale. I want to do the best way and have to also give a 50% for referral . If done right i will get more leads and clients. Thanks Guys for the help. State:Georgia Business :Liquor store
[{"id": "d298uel", "text": "You probably can't find any forms in MLS because in most states real estate agents aren't business sales agents.  ", "replies": [{"id": "d29q9ti", "text": "Dear God yes this. You usually need a different license- like specifically I think it's a series 9 from the SEC ", "replies": [{"id": "d2b6qtg", "text": "Are you sure on that? So you are saying to list a business i need a different license?", "replies": [{"id": "d2b74g2", "text": "No- we are saying depending on where you are you MAY need a different license-. Also I was saying that it may make sense for you to look into the SEC  licensing requirements. I believe it's all dependent on the structure of the business and how the sale is handled. Just selling inventory? No SEC license needed, selling stock? Do your research, bc im pretty sure you need it. But I still agree with the previous commentor that it's probably not a form you are finding because it's not a transaction you are likely authorized to handle. \n\nObligatory IANAL ", "replies": [{"id": "d2cynq9", "text": "Do you have any more information on this?  I tried googling and it looks like series 9/10 are mainly for managing teams selling through the new york exchanges.  I want to make sure I'm not missing anything.  ", "replies": [{"id": "d2dtmcn", "text": "Sorry- I really do not know much about it myself as I didn't sit for one. I think someone to try talking to could be a local business school professor, a \"business broker\" in your area, the local realtor association or financial advisors in your area. They might better guide you...also try Reddit!   My husband says the financial advisor would be best able to answer some questions for you - maybe there is a subreddit for it? Good luck.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "d2b6q09", "text": "True ,i couldn't find anything there :(", "replies": [], "depth": 2}], "depth": 1}, {"id": "d29s00b", "text": "MLS, is for real estate. The only way to list a business is if it's part or a real estate listing. In that case you would choose \"Real estate with business opportunity\". ", "replies": [{"id": "d2b6rei", "text": "Yes no real estate is involved. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "d2a7z5a", "text": "Check out www.bizbuysell.com. I believe they are the biggest small business listing site.  (Not MLS)\n", "replies": [{"id": "d2b6s61", "text": "Thank you but i need to sign an agreement with the seller first. Thats what i am trying to find out. ", "replies": [{"id": "d2bnrpa", "text": "just speaking for here, as this is an area specific question. You should ask your broker about to make sure you are licensed for it and they will even allow you to do it.  You may not be covered by your e&amp;o too as it is not a re activity.  Do not just do this and hope they are ok with it, they may not be.  If they are, they can tell you exactly what processes you need to follow as far as the contracts etc.\n\nCommon nomenclature on the MLS is to list it for $1 like a lease and note the lease must be assumed or re is not included, though almost none of these even get listed on the MLS.  Bizbuysell and loopnet will have them.  Honestly most aren't listed anywhere or are very vague.  There are only a couple of business brokers in my city and they seem to self deal a lot.  \n\nHow did you value this?  Did you review and adjust the financials?  A lot of business brokers are cpa's or lawyers, as these transactions can get complex.  \n\nOur area board of realtors has nothing about this as far as I know in terms of contracts, when we list businesses (which is rare, and typically only when a significant  part of the value is tied up in the RE, and even then we refer this out to business brokers some times and keep the re side) we use our own forms.  Your broker may already have forms for this, or if not your brokers attorney may have to draw something up.  \n\nMAKE SURE YOU CHECK WITH THE STATE LICENSING LAWS, YOU DO NEED A LICENSE TO DO THIS SOME PLACES.\n\nAs another poster mentioned, if for some reason you were going to securitize this and sell individual bits, then you would possibly even need a separate license for that.\n\nedit-- a few other thoughts that may be helpful.  I notice you are at a 50% referral.  What is the commission on the business sale?  Most brokers charge way more to do a business than RE.  They take for fucking ever and you are going to be working more to find a buyer than re where you stick it up and hope.  Most sellers will not let you publicly list their address or anything but vague information for confidentiality reasons.  Your ads typically look like \"liquor store x,y,z licenses included.  $x gross sales\".  Most business owners are horrible at commingling funds and either not paying their self a realistic salary are going fucking crazy and sticking their house hold expenses on the business.  You or their cpa is going to have to sort all that out over the last several years of their tax returns and come up with what it should look like.  You are probably going to have to value all the fixtures, licenses, equipment, stock etc too.  Most business owners also think its worth way more than it is.  Now the fun part is going to be even figuring out whats its worth, as this is basically never public knowledge available in any public records.  You are going to need to look at industry reports and known sales from private sources.  Different industries will use different metrics.  Ok great you got all that figured out.  Now most sellers are going to want you to qualify buyers before you give them any information and will require they be under NDA.  You have one of those right?  If not that is another form you are about to need.  Now you are going to get like 8 billion calls from people who can't scratch two nickels together and won't answer any question you ask about their net worth etc who just want to take a look, and you are going to waste a LOT Of time there.  Now if this goes anywhere, you are going to wind up dealing with the transfer of the business (with your clients attorney), which makes a re closing look like cake.  You are going to have to deal with things like transferring of licenses, buyers business purchase financing, employment agreements for the sellers (lots of times people want them to stick around for a bit to transition), etc etc etc.  \n\nI hope whoever referred this or you aren't offering to list at the same commission rate as you list re or you are going to be working for like 5 an hour, and honestly it probably won't ever close there are like 8 billion ways to fuck that up.  \n\nAlso be careful in valuation, a shocking amount of businesses (particularly retail ones like a liquor store) aren't worth any more than their license and ff&amp;e.  There typically isn't any good will really, there isn't anything proprietary.  Is there some reason if one opened up across the street yours would be worth more?  If so you have to look at that.  If not then you are probably looking at what it would cost to open one up and that is more or less in the ball park of what this one is worth.  Have fun explaining that to martha who has worked there 70 hours a week for 40k a year for the last 30 years and thinks that was how she was going to pay for her retirement.\n\nIf I were you I'd seriously reconsider this if the part you are stuck at is how to put it on the MLS.  You are likely about to get buried in problems you don't even know are going to exist.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]