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A good business broker is vital in the sale of a business. A business broker acts on your behalf and can successfully guide and execute the sale of your business.
1. Confidentiality
Business Brokers specialize in confidentiality. Every business they sell is a confidential transaction. They make their living by keeping business sales confidential. A broker acts on your behalf allowing you to remain anonymous. It’s important to maintain confidentiality. This is particularly important if you do not wish your employees, banks or clients to find out prematurely that you are planning to sell. Employees may become worried about the security of their employment and clients may become concerned about quality and service. Using a broker ensures confidentiality.
2. A Broker has Experience
A business broker has the experience to handle the sale of your business in an efficient and professional manner. They know the procedures, the forms required and the proper methodology to protect you during the sale process. An experienced business broker who has spent a number of years developing an understanding of the current market and acquisition process can be invaluable in helping you sell your business.
3. A Broker knows how to Market your Business
A Business Profile and/or a Confidential Business Review are tools that a broker uses when promoting the sale of your business. A Business Profile is a single page marketing piece and its purpose is to present all the important details about your business, its basic financials, your facilities, your employees and an upbeat verbal description about your business. It is easy to read, in plain language. The elements of a Confidential Business Review are more detailed and similar to what you might find in a business plan that is prepared for a bank.
4. A Broker already has many Potential Buyers
Your broker and the other brokers in the brokerage will have thousands of buyers in queue which means your broker will be able to find those interested in purchasing a business like yours. These buyers are financially and operationally capable of buying your business. You want to make sure that those who are going to be looking over proprietary information about your business are capable of purchasing it and are seriously interested.
5. A Broker lets you Maintain a “Business as Usual” Mindset
Nationwide it typically takes 6-7 months to sell a business, but it can take up to a year. You will want to get the best price possible for your company, and that means your business has to continue to function as usual. Maintaining the status quo helps make sure that employees feel secure and don’t contemplate leaving, and that clients know service and quality will be maintained. If a business is for sale, it is especially important to make sure that everything continues in the same efficient manner.
For additional information regarding using a Business Broker, contact a Business Team broker or use our buying a business or selling a business online forms. |
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Business Team
The Largest Business Broker in the Western United StatesMatching Buyers & Sellers since 1981 • Buying and Selling Businesses Worldwide
Business Team is a unit of BTI Group and a member of the International Business Brokers Association and the California Association of Business Brokers. Business Team is the largest brokerage firm in the Western United States, with business brokers specializing in businesses for sale and selling businesses in Northern California, Southern California, Nevada, Missouri, and Washington, as well as, eCommerce and Internet businesses. Contact Business Team today!
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The information on this Website is compiled from a multitude of independent sources. Business-team.com does not guarantee the accuracy, truthfulness, completeness, timeliness or relevance of any items or claims on this site; nor has it made any investigation whatsoever into the information or advertising claims for any businesses, real estate, buyers, valuations, consultations, or other services or products which may be advertised or offered with the objective to sell a business. Potential buyers or sellers of the aforementioned should perform their own due diligence as to the accuracy of said information. Business Team recommends that Caveat Emptor - Buyer Beware.
Because of the important legal and financial aspects and complexity of a sale/purchase of a business (1) neither Business Team ("Broker"), nor any of Broker's agents, employees, officers, directors, shareholders, co-brokers, independent contractors and affiliates ("Broker Group") make any representations or warranties regarding any business/stock being sold, any legal issues, aspects or ramifications connected with any sale/purchase, or any representation or warranty to either Buyer(s) or Seller(s) concerning the financial condition, terms of any purchase agreement or any matter relating to a potential sale.
Business-team.com does not endorse or recommend any of the listings on this site. The information on this site is provided explicitly without warranty from our sellers and business-team.com, therefore assumes no liability for any content. This site will be continually under development and may change its content without notice. |
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