FAQs: Selling Your Business

1. Why should I consider selling my online business?

There are many reasons owners decide to sell, including retirement, pursuing new opportunities, financial security, burnout, or market conditions. A sale can also be a strategic move if the business has peaked or needs a new type of leadership to grow further.

One of the big reasons people use us at Digital Asset Brokers is because we have access to US buyers. Many companies grow to a size where they would be attractive to buyers outside of Australia due to their size and/or customer base. Digital Asset brokers is a specialist who has the ability to find US based buyers with our network of brokers worldwide. We are affiliated with the largest and oldest specialist in the sale or internet and tech businesses. We can help to unlock hidden value by finding buyers outside of Australia that could be willing to pay more.

2. How do I know if it’s the right time to sell?

The right time depends on market trends, business performance, personal goals, and preparedness. Ideally, you want to sell when:

  • The business has shown consistent profitability

  • Industry conditions are favorable

  • You have a strong buyer interest (you may have been approached by a prospective buyer)

  • You’re personally ready to exit

3. What is my business worth?

Valuation depends on factors like revenue, profits, assets, customer base, growth potential, and market conditions. You can hire a business valuation expert, accountant, or business broker for an accurate estimate.

4. What documents will I need to sell my business?

Typical documents include:

  • Financial statements (3-5 years)

  • Tax returns

  • Business licenses

  • Inventory list

  • Customer and supplier contracts

  • Lease agreements

  • Employee contracts and HR records

5. Should I use a specialist online business broker or sell it myself?

A broker can:

  • Value the business

  • Find and vet buyers

  • Manage negotiations

  • Maintain confidentiality
    If you have industry connections and transactional experience, you might be able to sell it yourself, but brokers often increase the chances of a successful sale.

6. How long does it take to sell an online business?

On average, 2 to 6 months. It depends on the business type, price, market demand, and deal complexity.

7. How can I keep the sale confidential?

Work with a broker and use non-disclosure agreements (NDAs) before revealing sensitive information. Limit knowledge of the sale to essential parties until the deal is finalised.

8. What are the tax implications of selling my business?

You may owe capital gains taxes on the sale. How much depends on how the deal is structured (asset sale vs. stock sale). Consult a tax advisor early in the process to plan effectively.

9. What types of buyers are typically interested?

  • Individual buyers or entrepreneurs

  • Strategic buyers (competitors or complementary businesses)

  • Private equity firms

  • Existing employees (through an ESOP or MBO)

10. Will I need to stay on after the sale?

Possibly. Many deals include a transition period ranging from a few months to a couple of years. This helps ensure a smooth handover and can increase buyer confidence. It also depends on what you want. We explore your motivations so we can get you a deal favourable to your interests.

11. What are common deal structures?

  • Asset sale: Buyer purchases individual assets (often preferred by buyers for tax reasons)

  • Stock sale: Buyer purchases the ownership (shares) of the business

  • Earn-outs: Part of the sale price is paid based on future performance

12. What can I do to prepare my business for sale?

  • Organise financial records

  • Address any legal or compliance issues

  • Streamline operations

  • Reduce dependence on you as the owner

  • Improve profitability and customer contracts

13. What mistakes should I avoid?

  • Overvaluing your business

  • Failing to plan ahead

  • Not getting professional help (legal, tax, broker)

  • Poor financial documentation

  • Not understanding buyer motivations

14. What happens after the sale?

You’ll likely have a transition period, finalise legal and tax matters, and plan your personal or professional next steps—whether retirement, reinvestment, or a new venture.s