Why Hire a Broker?
10 Reasons to Hire A Business Broker
1 – Experience. An experienced business broker (like us) has been through many transactions and knows how to navigate complex business deals. The fact is, very few people have actually bought or sold a business, yet everyone has a strong opinion. Through formal education and the school of hard knocks, we know fact from fiction. We know when to stay calm and when to take action. Most importantly, we know how to get too a successful closing.
2 – Seller should not be distracted from running business. It is very important to keep the business running strong through the transaction. Oftentimes lenders will require updated financial statements as the deal progresses. It is important that the numbers remain strong.
3 – Confidentiality preservation and knowledge of how to vet buyers. Serious buyers only.
4 – Access to broker’s database of potential buyers and investors. We occasionally “sell before print” to buyers in our private database.
5 – Maximize price buyers will pay for the business. A professional valuation and local market knowledge are critical for achieving the highest price possible.
6 – Knowledge of where to find buyers. If you want to catch a fish you need to know where the fish are hiding.
7 – Prepare owner to sell and prepare business for sale. Proper preparation can add significant value. It best to start early (call us).
8 – A business broker understands and can depersonalize negotiations. You need a professional on your side.
9 – Guidance and the ability to explain complex situations to the seller throughout selling process. Selling a business can be an emotional process. We will be available talk through situations and provide professional guidance throughout the transaction.
10 – Help obtaining high quality professional services such as a lender and legal counsel. We have a great network of lenders, attorneys, CPA’s and other services that we’re confident recommending.