BizUtah

Questions & answers

Plain answers about buying and selling a business on BizUtah. Tap a question to open it.

For business owners

Does it cost anything to list my business?

No. Listing is free, with no monthly fee and no time limit.

For a business with no lease or building (mobile, online, or home-based), a success fee applies only if it sells to a buyer BizUtah introduced, and nothing is owed if you sell to your own buyer or decide not to sell. A business that comes with a lease or a building is listed with no fee of any kind right now.

Will people find out my business is for sale?

Not from us. The public listing shows the industry, the city, and the numbers. Your business name, address, website, and detailed notes are only shown to a buyer after they sign a confidentiality agreement and we approve them, and you can see who was approved.

Who talks to the buyers?

BizUtah does. Buyers send their questions to us, we bring them to you, and we pass your answers back. Buyers never get your phone number or email unless you choose to share them once an offer is on the table.

How long does it take to list?

About ten minutes. Five short steps, and your draft saves by itself so you can stop and come back. We read every listing personally and usually have it live within one business day.

What numbers do I need?

Three: your asking price, your yearly sales, and your owner's profit (what the business makes for you after expenses, adding back your own salary and one-time costs). Round numbers are fine. Listings with all three get far more buyer requests.

Can I change or remove my listing?

Any time. Edit it, take it off the site, or delete it from your account. Editing takes it offline until we look at it again, which is usually the same day.

What is a Verified Seller?

A seller who confirmed their phone number by text message and showed us a government ID. Verified listings carry a green badge and get more buyer requests. It takes a couple of minutes from your account page.

Do I still need a lawyer or accountant?

Yes, for the sale itself. BizUtah is not a law firm and does not give legal or tax advice. Have your own attorney or accountant review any offer or purchase agreement before you sign it.

For buyers

Is it free for buyers?

Yes. Buyers are never charged anything.

Why can't I see the business name?

Because the owner's employees, customers, and competitors don't know it's for sale. The name, address, and detailed financials are released to you after you sign a short confidentiality agreement online and we approve your request.

What happens after I click "Get the full details"?

You answer three quick questions (budget, timing, how you'd pay), tell us a little about yourself, and sign the confidentiality agreement with your finger or mouse. We look at every request personally, usually within one business day, and email you when the details are unlocked.

What does the confidentiality agreement say?

In plain terms: keep what you learn private (your attorney, accountant, or lender are fine), don't contact the business's employees, customers, suppliers, or landlord on your own, and for 24 months deal with that business only through BizUtah. You can read the full text before you sign.

What do "Yearly sales" and "Owner's profit" mean?

Yearly sales is everything the business took in over the last 12 months. Owner's profit is what was left for the owner after expenses, adding back the owner's own salary, benefits, and one-time costs. Brokers call it SDE.

How do I make an offer?

Once you're approved, message BizUtah in your conversation and say what you'd like to offer. We prepare a Letter of Intent for both of you to sign online, and the purchase agreement after that.

Can I call the owner directly?

Not at first. Questions go through BizUtah so the owner stays confidential. Once an offer is signed and both sides are ready, we open a direct line.

Are the numbers checked?

The information comes from the seller. We review listings for completeness but do not audit them. Ask for tax returns and bank statements during due diligence, and have your accountant look at them before you close.

About BizUtah

Is BizUtah a business broker?

BizUtah is a listing and introduction platform for Utah businesses. We publish confidential listings, screen buyers, get confidentiality agreements signed, and pass messages between the two sides. Where a business comes with a lease or building, we list it with no fee and do not act as a broker or agent for either side.

Why only Utah?

National sites bury a Utah business under tens of thousands of others. Here your business is one of a few hundred, seen by people who actually want to own something in Utah, and there's a person in Utah reading every request.

How do I reach a person?

Email admin@bizutah.com or use the contact page. A real person answers, usually the same day.

Still have a question? Send us a message or email admin@bizutah.com. A real person answers, usually the same day.