Questions to Ask a Business Broker before Hiring
When it comes to commercial business sales Los Alamitos you usually have two main options: to sell on your own or to work with a business broker. Considering the amount of work that ought to be done right from valuation to marketing and negotiating with potential buyers, we recommend working with a business broker. Our business brokers at So-Cal Business Brokers will take care of everything so that you continue running your business as usual until the closing day. However, not all business brokerage firms out there have your best interests at heart. That is why we recommend you ask a broker the following questions.
How many businesses similar to mine have you sold?
When hiring a business broker for commercial business sales Los Alamitos, most clients focus on the experience that the broker has. Although this is a good idea, we recommend you consider the experience a broker has selling businesses that are similar to yours. At So-Cal Business Brokers we have worked in virtually all industries. We have sold both big and small businesses. There is a very good chance we recently sold a business that is similar to yours. Give us a call to learn more.
Do you work full time as a business broker?
You will be amazed by the number of real estate agents who double as business brokers in Orange County. The training of a business broker is different from that of a realtor. This is why you need to find a business broker who works full time selling businesses. At So-Cal Business Brokers we are focused in the sale of businesses. We have an in-house team of transaction attorneys, accountants, financial advisors and business brokers to help with the sale. Even though our team has a real estate license we only focus on the sale of businesses.
How do you manage confidentiality?
The last thing you want during the sale of a business is for word to get out about the sale. If this happens, the value of your business will go down when employees, customers, suppliers and lenders leave because of the fear of the unknown. Our team has sound policies in place to keep the details of the sale confidential. We use blind ads, prequalify buyers before letting them in and always require them to sign an NDA before they can get details about your business.
Our job at So-Cal Business Brokers is to help with the sale of your business. We take care of everything right from getting your business ready for sale to helping buyers secure financing and assisting with negotiations and closing. Contact us now and schedule a free consultation with one of our experienced business brokers in Orange County.