Business brokers in Orange County are paid on commission and by the seller. This is why you need to make sure that you only end up hiring the best broker for your needs. There are so many professionals to choose from. However, if you are looking for the right man for the job, here are the main considerations you need to consider.
Qualifications of the broker
More often than not, people hire brokers based on their experience rather than their competence. What you need to note is that there are so many brokers out there who have been in the business for years but the qualities of the services they offer are questionable. This is why before you hire a business broker in Orange County, you need to ask the following questions and ensure the answer they give you is yes.
- Are you qualified?
- Are you a recognized business broker?
- How many years have you served as a business broker?
- Are you a full time or part time business broker?
- Do you have a real estate license? This is important if you want to sell your business together with its other real properties.
Web presence of the broker
Today, any reliable service provider will have a good web presence. This is how he markets himself. If the broker you are considering doesn’t have a good web presence, chances are he will not be very effective in marketing your business. Some of the questions you need to ask about the online presence of business brokers in Orange County include the following:
- How much traffic does your brokerage website get?
- How many offices in your network use your website?
- How many businesses are on your website currently?
- How many qualified buyers do you have in your database?
An Orange County business broker might have been in the business for years, have a great online presence and even be qualified but if he has never sold a business before, he will not be the right person for the job. You need to know how many businesses that is of the same size as yours that the broker has sold in the last year. How long does it take for a listed business to sell and close the sale? How many of the listings on his website does he represent?
Another very important consideration you have to make is that on how the broker markets listings. The objective of working with a business broker in Orange County is to leverage on professionally managed marketing programs. In addition to having your ad on the brokerage website, you need to know how the broker will be advertising your business. What other listing sites does he use? Do they use classified print ads for the listings?
Other important things you need to do when searching for the right business brokers in Orange County is to listen to what other clients have to say, review the terms in the contract, know how the broker prices a business and know if the broker has ever been sued. Always listen to your intuition before making a choice.