Frequently Asked Questions
Sell your Business Faster
We specialize in selling businesses. Our experienced team understands your market, ensuring you achieve maximum value for your business.
Why choose us
"I built my electronic manufacturing business from scratch. Openfair made retiring easy with a quick, dignified offer that honored my legacy."
"After 25 years in the trucking and logistics industry, I was set to retire. Openfair quickly delivered a fair cash offer, with professionalism."
"Openfair turned my 30-year journey into a celebration overnight. The cash offer was in my hands faster than I ever imagined."
"Selling my store seemed like a retirement nightmare until Openfair stepped in. Two days later, I was planning my beach vacation."
.png)
.svg)
Openfair employs a rigorous vetting process for all listed businesses to ensure the accuracy of information and the legitimacy of the selling parties. Our process includes financial reports gathering, legal checks, and a review of business operations. This thorough approach ensures that we present you with reliable and transparent opportunities.
Yes, registered buyers on Openfair have access to comprehensive data rooms for each listed business. These data rooms contain detailed financial statements, operational data, and other pertinent documents. Access is governed by confidentiality agreements to protect both buyer and seller interests.
Openfair provides end-to-end support for buyers, including access to your own Copilot, market analysis tools, and negotiation assistance. For Enterprise Plan members, a dedicated account manager will guide you through the acquisition process, from initial interest to closing.
Openfair operates with transparency regarding fees. Basic access to the platform and viewing of business listings is typically free for buyers. However, engaging in detailed information, accessing premium listings, or utilizing our additional services may incur fees. Specific plan details provide a clear outline of any associated costs.
Confidentiality is paramount at Openfair. We implement stringent security measures and protocols to protect all user information. Buyers are required to sign non-disclosure agreements (NDAs) before accessing sensitive business data, ensuring that your search and potential transactions remain confidential.
To list your business, create an account on Openfair and choose the 'Sell Your Business' option. You'll be guided through submitting your business information and financials. Our straightforward listing process is designed to get your business in front of serious buyers quickly.
Our comprehensive vetting process ensures the marketplace's integrity. This includes verifying your business's information, performing financial audits, and checking for legal compliance. This thorough vetting maintains high-quality listings and trust with potential buyers.
Openfair charges a 4% success fee upon the successful sale of your business. There is a monthly subscription fee of $149.99 for listing your business. This success fee is our way of aligning our interests with yours – we succeed only when you do.
Your business valuation on Openfair combines AI-driven algorithms with expert human analysis. We consider your business's financial performance, industry benchmarks, and current market conditions to ensure a realistic and comprehensive valuation.
We prioritize your privacy and confidentiality above all else. Detailed business information is shared exclusively with vetted buyers who have signed NDAs. Openfair employs state-of-the-art security protocols to protect your data throughout the selling process.
