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Reasons For Hiring A Licensed Business Broker When Selling Your Business On typical, selling a business can take between 6 to 9 weeks. Here is a list of 5 reasons why utilizing a certified business broker will considerably benefit the seller when selling their organization. For proper Maintenance of Strict Confidentiality Strict Confidentiality is imperative when selling a business. When a company owner decides to sell a company, there’s a chance of losing key customers, vendors and/or personnel if term of the purchase gets outside. We’ve got all possible buyers signal a Non-Disclosure/Confidentiality Agreement before we release any information about the business. We’ll also learn more concerning the buyer’s financial capability along with his business acumen before releasing any confidential advice. Brokers will also shield owners from being inundated with lookie-loos or callers attempting to suss out information.
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It Is critical that the company owner proceeds to conduct the company at the maximum level possible and to keep an upward tendency of their earnings or else they will risk a decrease in the last sale price. There are hundreds of factors in selling a business and it’s the Broker’s task to pay close attention to such details. We handle the whole sales transaction, in the beginning, all the way to the close of escrow. Together with the agent handling all of the details, this will enable the company owner to concentrate on keeping the earnings on an upward trend. Buyers don’t like to buy a company with a downward trend of their revenues. Give a Valuation of the Company Certified business agents will review the company financials, recast the profit & loss statements to demonstrate the real profitability of the business, and also to create a productive Cash Flow Analysis to demonstrate the real viability of the business. A broker will clarify how the evaluation was invented and will indicate and explain a workable listing cost. Business Agents work closely with the operator and their CPA/accountant to get the appropriate advice about the financial strength of the business. Buyers like to see financials which are straight forward and clear, they do not like to see too much “creative accounting”. The broker assist with the negotiations Having A licensed business broker as an intermediary throughout the negotiating process can facilitate a great deal of tension between the 2 parties. A seller that’s selling his own company can in fact wind up murdering his own thing. Business agents help throughout this very significant step in the sales process and we realize that the seller would like to sell large, and the purchaser would like to buy low. Our plan is to negotiate reasonably and have an outcome that both parties can be happy with. Handle all contracts and records Company agents will handle all of the many contracts, documents and paperwork related to the sale of a business. This procedure is very time consuming however also crucial and ought to be handled by a capable business broker.