Why Use a Business Broker?
How Does Using a Business Broker Help You Sell Your Business?
A business broker will protect the identity of the company and contact only owner-approved buyers through a Summary of the Investment Opportunity, a document describing the company without revealing its identity. BEACON Business Group also financially pre-qualifies every potential buyer to ensure that only buyers with the financial wherewithal are provided the identity of your company.
Selling a business is time-consuming for an owner, and with a Business Broker, the owner can maintain a focus on running the business when a broker is working on the sale.
Reaching potential buyers
Business Brokers have the tools and resources to reach the largest possible base of buyers. At BEACON Business Group, we have our own database of pre-qualified buyers as well as access to industry databases with thousands of additional buyers.
A Business Broker can help present your company in the best light to maximize the sale price. He or she has an understanding of the key values that buyers are looking for and can assist in identifying changes that can lead to a better selling price.
Valuing Your Business
Putting a value on a business is far more difficult and complex than valuing a house. Every business is different, with hundreds of variables that have an impact on the value. Business Brokers have access to business transaction databases that can be used as guidelines or reference points. But the best way for a business owner to truly feel comfortable that he got the best deal is to have several financially viable parties bidding for his business, which is much more likely using the resources of a professional Business Broker.
Balance of Experience
Most corporate buyers have acquired multiple businesses while sellers usually have only one sale. An experienced business broker can level the playing field for a business owner making his or her one-and-only business sale.
Closing a Deal
Since the Business Broker’s sole function is to sell the business, there’s a much better chance that a deal will be closed in less time. The faster the sale, the lower the risk of employee problems, customer defection and predatory competition.
Ready to sell your business?
We provide information to help you explore your options with confidence.