The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

How long should I wait after an interested party views business, not discuss sale$ b4 I follow up 4 feedback?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (4)
No User Photo
Exit and Answers, Inc
President
San Diego County, CA

Paul - Not every buyer is the right buyer so make sure you interview them also. When they come in to look around ask them what they are looking for, their timing and make them feel like it is a priviledge to even look around. The selling process is a give and take with constant negotiating. You gave them your time and they should return it with the same professional timely courtesy. If not, then this is a quick glimps into how the escrow process will go and I would get out. Good luck.

Nov 20, 2009
No User Photo
The BAF Group LLC
MD

I would agree with Sid, in that two days is about right. While you don't want to hustle them, they owe you the courtesy of paying attention and providing you with feedback, in return for the information and time you gave them. Sometimes, people don't understand that it is a two-way street.

My favorite is people that call and want the location of a Buisness we have advertised, financial information and even demand Tax Returns up front, but don't want to leave their names or phone numbers. NOT ON MY WATCH!!!

Nov 20, 2009
No User Photo
Freedom Business Brokers
Orange County, CA

As they say hit it when iron is hot. So don't give too much time after showing a business.
Call them after 2 days. I generally asked them after showing , "What do you think about it?
You will get positive or negative response or they will say let me digest all this information
and give me few days to think about it. So follow it up in due time.Otherwise buyers have a tendency
to stay occupied with other affairs.So remind them that you are waiting for their response.
Sid
Sid0653@hotmail.com

Nov 20, 2009
Jessica Hadler Baines
American Business Group, LLC
President
Orange County, FL

Hi Paul --

If I'm understanding your question, you're asking when you should follow-up after a showing?

I typically give them 24 hours and then follow-up simply asking for feedback. We get a general idea if they're interested or not, and if they are, they'll typically have some follow-up questions.

Nov 20, 2009

Start a Discussion