Hiring an experienced distribution business broker is no longer as complicated as it used to be a decade or so ago. This is all thanks to the Internet which has made access to information easier. The hard part is finding a broker you can depend on. Our mission at So-Cal Business Brokers is to bring together the best team so that you can always find a dependable team to sell your business all year round. We genuinely want to help you sell fast and for the best price. If you are searching for a broker to bring on board, here are a few mistakes you must avoid.
Paying huge upfront fees
Most business owners never take the time to research the sale process when hiring distribution business brokers. As a result, they end up hiring just any broker without considering the associated costs. This is a terrible mistake you must always avoid. When hiring a broker it is always good to know how much the service will cost you at the end of the day. In addition to the commission ask for information on other associated fees.
When working with us, you only deal with one fee; the success fee. We will not charge you for business valuation, packaging, market review and a range of other services. With us you only pay a one-time fee when we close the deal.
Being pressured to make a decision
It is very easy for an inexperienced business owner to be pressured into hiring a distribution business broker. Some brokers will even give you ultimatums or put you in situations that pressure you to make hasty decisions. This is a mistake you must never make when hiring a broker. You want to work with a professional that gives you ample time to think over your decision. If a broker doesn’t give you any breathing room when trying to clarify things, you should stay away from them.
Hiring just any business broker
Another mistake you must never make is that of hiring just any broker that comes your way. Doing so might lead to problems down the road. The best distribution business brokers to work with are those who have sold businesses that are similar to yours in regards to size and specialty. At So-Cal Business Brokers we specialize in the sale of distribution businesses valued between $500,000 and $10 million. Give us a call to find out if we can help you. We offer a free consultation.