Hawaiian Gardens Sell My Business

Tips for Qualifying a Potential Buyer

When it is time to sell my business Hawaiian Gardens you need to learn how to qualify potential buyers. Not every buyer that will contact you is serious about purchasing your business. Most of them are just ‘widow shopping’ while others don’t have the money to buy your business. Our team at So-Cal Business Brokers can help you distinguish serious buyers from the jokers. Here are some of the things we recommend you do when qualifying a buyer.

Don’t give all the information at once

Just because a buyer has the financial means to acquire your business does not mean you go all out and provide all the information about your business. This is the worst mistake you can make as you sell my business Hawaiian Gardens. Giving out too much information at once increase the risk of information leakage and you may also be providing information to a party that is not serious.

At So-Cal Business Brokers we disclose information in stages. We understand that even the most promising buyer can drop out. That is why we ask for something in return at every stage. Buyers are also prescreened and required to sign NDAs before any information is provided to them by our team. Contact us now to learn more about our process of disclosing details about your business.

Inform them of the ballpark figure

To weed out jokers, you need to provide the ballpark figure for the business and assess the reaction of the buyer. You will be surprised by the unrealistic prices some buyers think your business is worth. Our business broker can help with this. Our team will verify that the buyer has the financial means to acquire your business before letting them in. We are confident enough to request certain financial information that you would otherwise not be able to request on your own.

Consider their experience owning or running a business

While this should not be the ultimate guide, asking this question will help determine if the buyer in front of you is serious about purchasing your business and if they will be able to run it profitably. Asking about the number of months or years they have been searching for a business to purchase will also let you know if they will commit to the purchase or not. In our experience, the more the number of years a buyer has been searching for a business to buy the less likely he will buy yours.

Thanks to our years of experience, we know that the buyer’s desire to buy your business doesn’t mean the ability to buy. Some serious buyers simply don’t have the money. As you sell my business Hawaiian Gardens we will ensure that you only deal with buyers who are seriously interested in buying your business and have the financial means to buy it. Contact us today and take advantage of our free consultation with our experienced business brokers in Los Angeles.

Sell My Business Hawaiian Gardens