While selling a business on your own makes sense, it is always good to hire an experienced Internet business broker to help. This is because there is no number of DIY platforms that can replace experience when it comes to the sale of a business. At So-Cal Business Brokers we have been selling businesses for more than 20 years now and we still get to deal with challenges. Without our years of experience, most of the challenges we face as we sell internet businesses can easily ruin everything. Let’s take a quick look at the main reasons why you should consider working with a business broker.
Financial analysis and valuation
Devoid effective financial analysis you will never understand the true value of your business. Our job is to help you get an accurate picture of your business’ earnings. Internet business brokers will work with you and at times with your accountant to produce a cash flow analysis that demonstrates your business’ true profitability. We will provide materials that will prove to potential buyers the real cash flow of your company.
Expert opinion of value
Setting a selling price based solely on a business valuation report is not enough. In addition to using the financial analysis to determine the value of your business, we also do market research to see how similar businesses are selling for. This information enables us to set a more accurate selling price that not only attracts more bids but also helps you sell for maximum profit.
Locate more qualified buyers
Selling on your own means you will rely on the known marketing channels alone. This is not the case when using us. In addition to using the listing sites, our internet business broker will promote your business to buyers already in our database. We also liaise with other industry professionals to find the right buyer. You can always count on effective marketing materials and confidentiality management.
Buffer between seller and buyer
It is easy for emotions to cloud your judgement as you sell a business you have built from the ground up. One of our duties is to manage your expectations throughout the sale. Our team will further act as the buffer between you and the buyer. This means we will be the bearers of bad news when turning an offer down. A buyer will never know of your true identity until you are certain he is the right buyer for you.
Our team will also help with:
- Help you focus on running your business
- Draft agreements
- Manage due diligence
- Serve as a friend and advisor
There are so many reasons why you should work with us as you sell your internet business. You just need to bring us onboard early enough. Contact us now for a free consultation with our experienced Internet business brokers.