Fundamental Questions to Help Qualify a Business Broker
When considering commercial business sales Glendale it is paramount that you hire a reliable business broker in Los Angeles to help with the sale. At So-Cal Business Brokers we believe we have the best team for the job. We have been in the business of selling businesses for more than 20 years. We know what needs to be done to achieve desired results. If you plan on hiring us or any other business brokerage firm, there are a couple of questions we advise you ask in order to qualify the broker in advance.
What types of businesses do you sell?
Business brokerage firms have their own unique areas of specialty. Some take in clients who want to sell their businesses while others help buyers find the right business. There are also firms that do both; buy and sell businesses. At So-Cal Business Brokers we specialize in commercial business sales Glendale. This specialty enables us to offer our clients the best possible support throughout the transaction.
It is also good to note that we don’t accept restaurants, hotels, marijuana, dispensaries, gaming sites, taverns, single retail stores, turnarounds, startups or businesses searching for financing. Our clients are in manufacturing, service, distribution, Hi-Tech and ecommerce businesses. These makes up for approximately 95% of the more than 400 closed transactions we have handled over the years. Service covers a wide range of businesses. Give us a call today to learn if your business fits our criteria.
What is the size of businesses you handle?
It is imperative that you know the size of businesses that the broker sells. You cannot expect a business broker in Los Angeles who focuses in the sale of businesses worth a few thousands of dollars to take on your multi-million dollar business. Our focus at So-Cal Business Brokers when it comes to commercial business sales Glendale is on businesses valued between $500,000 and $10 million. The largest transaction we have ever handled was $27 million whereas the smallest was $300,000. More than 70% of all the transactions we handle have a fair market value of between $1 million and $5 million.
Which geographic location do you cover?
This is yet another important question you should ask. A brokerage firm that covers the New York area will not give you as much support as you try to sell your business in Los Angeles. At So-Cal Business Brokers we cover three counties; Los Angeles, San Diego and Orange County.
We take great pride in being the most recommended business brokerage firm in Los Angeles. Contact us today and let our expert team help with commercial business sales Glendale. We are always happy to hear from you.