Business brokers Orange County can make your experience when selling a business better. They take over the whole marketing process and ensure that you get the right price for your business. They will further qualify buyers to ensure that only serious buyers come knocking and that you end up selling to the right person. All in all, not every broker out there has the skills needed to make your experience great when buying or selling a business. There are, however, a few questions you can ask to make sure you end up hiring the right person.
How many businesses similar to mine have you sold?
The whole purpose of this question is to make sure that the business broker Orange County you are considering has experience selling businesses that are similar to yours. The best thing about having experience selling businesses that are similar to yours is that the broker will have a good understanding of your business model and easily identify the target buyers. If the broker doesn’t have any experience selling businesses that are similar to yours, he will have to learn more about your business and industry. This will slow the process.
Do you have an office?
This is yet another important question you need to ask a business broker. The purpose is to make sure that the broker works full time as a business broker. The last thing you want to do is to hire business brokers Orange County who will not give your business the attention it needs. You want someone who will give your listing the full attention and one who will be available to answer your questions at any time. In addition to that, having an office means that the business broker has a full time of experts that help him reach the goals you are targeting.
How do you value a business?
Business valuation is very important when selling a business. This is what helps you set an accurate selling price. When it comes to the valuation, you can either work with a valuation expert or use a business broker. The best thing about using a business broker is that the final report will not just be based on the numbers but also on the market trends. A good number of brokers today offer the valuation report for free. However, you should stay away from brokers who offer a generic valuation formula. Every business is different.
How do you manage confidentiality?
In the sale of a business, you have to make sure that your customers, employees, competitors and suppliers never learn of the sale until the last minute. If they do, the value of your business will be affected when employees, suppliers and customers abandon you. You need to make sure that the broker has a foolproof plan to help with confidentiality management.
These simple questions will help find and hire the right business broker Orange County for the job. The rule of thumb is to only hire a broker you feel comfortable working with. He must also be experienced and offer competitive fees.