Business Broker Orange County - What Should Be Considered in a Business Broker Orange County?

Business brokers Orange County play an essential role in the sale of businesses. They will not only help with the listing but also help with business valuation, negotiations, preparing for succession and so much more. The problem, however, is that not every broker out there is worth working with. There are a couple of things you will have to consider before you bring any business broker on board.

Qualifications
When it comes to the qualification of a business broker Orange County, you have to look at much more than his professional experience. You will then need to consider the number of years he has served as an Orange County business broker, make sure he works full time as a business broker.

Web presence
Now that you have confirmed that the broker is qualified, the next thing you have to look at is his web presence. Long gone are the days when newspaper ads were sufficient. Today, for a business broker Orange County to be good in what he does, he has to have a good web presence. Take a look at the amount of traffic his site generates, how many brokers use his website, the number of businesses listed on his website and the number of qualified buyers he has in his database.

Track record
Just because a broker is qualified and has a web presence does not mean he is the ultimate fit for your business needs. You have to check if he has sold any businesses in the recent past. If he has never sold any business that is similar to yours, chances are he will end up struggling with yours. Take a look at how many businesses he has sold in the past year and how long it takes, on average, for him to sell a listed business. In addition to that, you need to take a look at the number of listings that the business broker Orange County represent. This will help you know if he is a major player in the industry or not.

Charges
An important question you should never forget to ask is that on how much the Orange County business broker charges for his services. The commission of a broker can be as low as 5% or as high as 15% or more. You need to understand that the commission will bite into your profits. Pick the broker who charges a fair commission.

These are the most important considerations you need to make before hiring a business broker. Other important things you should consider include how the broker prices a business and whether he has ever been sued.

Business brokers 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."

The Sales Process