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Why Hire A Licensed Business Broker When Selling Your Business? On typical, selling a company can take between 6 to 9 weeks. Here is a list of 5 reasons why utilizing a certified business broker will greatly benefit the seller when selling their business. Helps in maintaining strict confidentiality Strict Confidentiality is imperative when selling a business. When a business owner decides to sell a business, there’s a chance of losing key clients, vendors and/or personnel if word of the sale gets out. We’ve got all possible buyers signal a Non-Disclosure/Confidentiality Agreement before we release any information about the business. We will also learn more about the buyer’s financial ability and his business acumen before releasing any confidential advice. Agents will also protect owners from being overrun with lookie-loos or callers attempting to suss out info.
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Allows the owner to run his company
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It Is imperative that the business owner continues to conduct the company at the maximum level possible and to continue an upward tendency of their earnings or they will risk a decline in the last sale price. There are hundreds of factors in selling a company and it is the Broker’s task to pay careful 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 tendency of their earnings. Provide a Valuation of the Organization 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 on the financial strength of the business. Buyers like to see financials that are straight forward and clear, they do not like to see a lot of “creative accounting”. The broker assist with the negotiations Having A certified business broker as an intermediary throughout the negotiating process can facilitate a lot 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 important step in the sales process and we understand that the seller wants to sell high, and the purchaser would like to purchase low. Our plan is to negotiate reasonably and have an outcome that both parties can be happy with. Manage all Contracts and records Company agents will manage all of the many contracts, documents and paperwork associated with the sale of a business. This procedure is very time consuming however also crucial and ought to be handled by a capable business broker.