Business broker Orange County that you end up hiring should be able to do a couple of things for you in order to earn his fee. When searching for the right broker, you need to make sure that he is licensed as a broker, works full-time as a business broker, has the right professional training and qualifications and shows the relevant credentials. However, this is not all that is needed for you to find that broker that will help you achieve your goals. Before you hire a broker, you need to make sure that he will do all the following things for you.
Help with business valuation
When it comes to valuing your business, it is important that you always take the time to hire a professional valuation expert. However, once the report gets in, you will have to countercheck it with a business broker Orange County. It is for this reason that the right broker should be knowledgeable on all matters business valuation. You need to bear in mind that he is involved in the purchase and sale of businesses on a daily basis. This means that he will be able to identify discrepancies in the valuation report easier than any other expert.
Draft the confidentiality agreement
When selling your business, the last thing you want is for your employees, suppliers and customers to get wind of your decision. This will cause abandonments which may affect the sale value of your business significantly. A confidentiality agreement is needed. This is what burrs potential buyers from ever disclosing information after the sale. This is the document you need to maintain strict confidentiality. However, for it to work, it has to be foolproof. It is the duty of the Orange County business broker to draft this document.
Draft the offering summary
In order for you to market your business for sale and to be able to capture the interest of potential buyers, you need a detailed and riveting offering summary. This is also known as the confidential business review. It is a piece of document that tells more about the business. It is the most important marketing tool that you need. The document is provided to the prospective buyers after they sign the confidentiality agreement and after they have been qualified by the business brokers Orange County.
Marketing to a wider audience
With the valuation report, offering summary and the confidentiality agreement in hand, it is time to market the business. For you to sell fast, your business needs to be marketed to a wide audience. The right broker should have established connections and should also use great listing sites.
Handle the transaction
Considering business brokers Orange County are paid on commission, they will strive to sell at the highest possible rate. Even so, you need to ensure that the broker you are about to hire will be comfortable taking over the sales part. He should do all the work so that you are able to concentrate on the core operations of your business.