Business brokers Orange County have increased in number. You will find so many advertisements once you start your search for a broker. The important thing you should understand is that not every broker out there has your best interest at heart. It is your duty to ensure that you not only hire a legit broker but one that is competent enough to help you sell your business fast. If you are searching for the right broker to work with, there are a number of channels you can use to find the right person for the job.
The simplest way to avoid fraudsters is to get referrals from people who have used a business broker Orange County before. The best thing about this option is that you will find an expert that other people have used. Their recommendation will be based on their first hand experiences with the broker rather than hear-say. Always make sure that you use trusted sources when getting referrals. You can use your lawyer, accountant, industry associations or peers for names of great business brokers in the region. People who have sold their businesses recently will further inform your choice.
Check the IBBA
Another great source you can use when searching for an Orange County business broker is the International Business Brokers Association. This is a non-profit trade association of business brokers that offer education, professional designations, conferences and networking opportunities. There are more than a thousand intermediaries from across the globe here. You can search the IBBA to find a broker in Orange County that you can use.
Practice due diligence
Just like a prospective buyer, you have to spend some time researching the background of the business brokers Orange County that have been recommended to you. Take a look at their experience, credentials and their track record. Check for complaints or lawsuits against the broker. The Better Business Bureau will further help you investigate a broker. During your research, you should check to make sure that the broker has handled businesses that are similar to yours. Take note of the number of businesses he has sold in the last 12 months. You should also know how long it takes for the broker to close a deal.
Hire dedicated brokers
When hiring a business broker, you want to work with someone who will be fully committed to sell your business. This is why you need to steer clear of brokers who work on part time basis. A dedicated broker will spend all his time selling businesses and adding value to your sale transaction.
Keep it confidential
Confidentiality is crucial when selling a business. Avoid any business broker Orange County who has been known to leak information about the sale to the wrong people. The right broker should be able to draft a foolproof confidentiality agreement that every buyer has to sign before any information is disclosed.
Last but not least, the business brokers Orange County you end up hiring should have fair charges for their services. There should be no large upfront fee or exaggerated commissions.