Business Broker for Advisory Firms Orange County – Top Questions Sellers Ask

Figuring out how to sell an advisory firm is a process that is filled with crucial decisions and questions. Just like you came up with effective strategies to build your firm, you will need a solid plan for a successful exit. Part of learning how to sell an advisory firm is working closely with a business broker for advisory firms Orange County trusts. You will also need to get questions to top questions sellers ask. In this post, our focus will be on the questions you must answer before getting your business listed.

Which business broker should you hire?

There are so many business brokerage firms that promise the best support when selling a business. You must not, however, take their word for it. Prior to hiring a business broker for advisory firms Orange County recommends, pay attention to the type of businesses they sell. Have they sold advisory firms that are of the same size and in the same industry as yours? You also need to consider their success rate. A good business broker should have a high success rate. So-Cal Business Brokers, for example, has a proven success rate of more than 90%.

When should you sell your firm?

The mistake business owners make is that of selling because they have to. If you are not being forced to sell, you should sell your advisory firm on your own terms in order to maximize return on investment. The best time to sell is when the firm is still in the growth stage. This is unlike when you have to sell quickly. In this case, you will have to accept a lower offer.

How much can you sell your firm for?

To answer this question, you will need a business valuation. This is a professional assessment done to determine the real value of your business. The value of your firm will also be determine by its location, size, philosophy and the number of existing clients. Advisory firms are valued within a range of 60 to 80 percent of annual collections. You need an experienced business broker for advisory firms in Orange County to help you with the valuation. Your business broker will further help with pricing.

As you can see, a lot goes into the sale of an advisory firm. There are many more questions sellers ask. To avoid mistakes and guarantee a successful sale, work closely with a business broker who specializes in the sale of advisory firms. Their input will help you close fast and for the right price.

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."

Which business broker should you hire?

When should you sell your firm?

How much can you sell your firm for?

The Sales Process