Important Questions to Ask a Business Broker
When you want to sell my business De Luz, the first professional you will have to hire is an experienced business broker in San Diego. At So-Cal Business Brokers we believe we have the best team in the business. We have been selling businesses like yours for more than 20 years now. We understand how buyers think and have a better understanding of the market. However, even as you hire our team there are a few key questions we recommend you ask.
Do I have to pay upfront fees?
Business brokerage firms that charge upfront fees do so to cover their overhead. Such firms take money from business owners when they know too well they will have difficulty selling that business. As you sell my business De Luz you must steer clear of brokers that request that you pay an upfront fee. At So-Cal Business Brokers we only take a success fee which is paid after closing. This means you will not pay us for business valuation, marketing, market research, packaging and other services. If we believe we cannot sell your business we will not ask for or take the listing.
What are your specialties?
While it is cheaper to work with a generalist, it pays more to work with a specialist. A specialist is a broker who specializes in the sale of certain types of businesses. At So-Cal Business Brokers we only sell manufacturing, service, distribution and internet businesses that are valued between $500,000 and $10 million. Because you we are specialists we are able to see synergies and make connections others can’t.
How will you establish the right selling price?
Proper pricing is crucial when selling a business. A price that is too high will scare off buyers whereas one that is too low will cause you to sell at a loss. Make sure you understand how a brokerage firm will price your business before hiring them. We are experts at identifying aspects that make a business unique and position it to achieve remarkable results. We price a business based on several considerations and not just the business valuation report. Contact us now to learn more about our approach.
How do you manage confidentiality?
Last but not least, it is imperative that you understand how the business broker will maintain confidentiality as you sell my business De Luz. Disclosure to customers, employees or competitors about the sale can be devastating. At So-Cal Business Brokers maintaining confidentiality is our main priority. We never advertise who or where our client is even marketing. Even after signing an NDA, we will continue to shield you from buyers until we are certain we are dealing with qualified buyers.
Helping you sell my business De Luz is what we are here to do. Contact us now to take advantage of our free consultation. We are always happy to hear from you.