Business Broker for Advisory Firms Orange County – Steps Involved in a Business Sale

When it is time to sell a business, there are many questions that come to mind. How much is my business worth? How long will the sale take? Will I find the right buyer? Who should I bring on to help with the sale? These are just some of the questions you will find yourself asking more so if you have built your advisory firm from scratch. The good news, however, is you can bring on a business broker for advisory firms Orange County to answer these questions and help with the sale. The broker will also guide you through the steps involved.

Bring in the right team

The first step you have to take when getting ready to sell your business is to bring together the right team. You need to start by hiring a business broker for advisory firms Orange County. This must be a professional that has years of experience selling businesses that are the same size as yours. The business broker will be the one to help determine the potential selling price, help find the parties you need and also help manage confidentiality.

Some of the professionals a business broker will have to work with during the sale include:

Accountants
Business attorneys
Financial planners
Estate attorneys

In most cases, you will not need to hire these professionals yourself. The business brokerage firm may have the team already in their employ. You will only be dealing with one person.

Find the right buyer

With the right team in place, the next step is to find the right buyer for your advisory firm. It is the duty of a business broker to cast a wider net in order to find the ideal candidate that may be interested in your business. To achieve this, the broker will use his list of potential buyers and his professional networks to find the right buyer. It is also the role of a broker to screen potential buyers based on your preferences. If you want a buyer that will not let go of your current employees, it is the duty of the broker to find that kind of buyer.

Negotiate

The sale of a business involves a lot of negotiations. A serious buyer will not just negotiate on the selling price but also on the terms of the sale. It is very easy for your decisions to be clouded by emotions. That is why leaving the negotiations to a business broker in Orange County is the best way to go. The broker will remain objective throughout the sale and ensure you get the best deal. It is also the work of the broker to help with the paperwork and ensure the deal closes fast.

Business Broker for Advisory Firms Orange County

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

Bring in the right team

Find the right buyer

Negotiate

The Sales Process