Questions You Have to Ask After Hiring a Business Broker for Engineers Orange County

Hiring the best business broker for engineers Orange County is the most important thing you should do when getting ready to sell your business. This is because working with a professional eliminates the guesswork and guarantees you will get the best deal at the end of the day. Once you have hired the right person for the job, you then need to ask the right questions. Here are some of the top questions you must ask.

What is my business worth?

One of the responsibilities of a business broker for engineers Orange County is determining how much a business is worth. This is achieved through a business valuation. The business broker will evaluate your business to determine its sales, profits, growth trends, the value of assets, market position and the available systems and processes. This information is used to determine the fair market value of your business. It is also the work of a business broker in Orange County to help with pricing. In most cases, the final price is achieved based on multiples of earnings.

What are my business strengths and weaknesses?

A business valuation reveals the strengths and weaknesses of your business. Keep in mind the amount the buyer will be willing to pay for your business will depend on its return-on-investment (this is based on the potential earnings for the new owner) and the risk. The lower the risk the better. Buyers look for the following characteristics in a business:

Predictable and sustainable sales drivers
Growing or stable customer base
Established suppliers
A high percentage of repeat business
Clean legal history
A brand with copyright, or trademark
High growth potential
Documented processes and systems

When should I sell?

Finding the right time to sell your engineering company is very important. While there is never a perfect time to sell, the best time to get your business listed is when it is doing really well. If that is not an option, your business broker will make some calculations and help you know when you are most likely to get the best value for your business.

Who should I sell to?

You might want to sell to a colleague but will be doing so help you earn maximum profit? This is a question only a business broker for engineers in Orange County will be able to answer. Your broker will also review your reason for selling and help you know if the reason will help win the confidence of buyers or not.

Business Broker for Engineers Orange County

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

What is my business worth?

What are my business strengths and weaknesses?

When should I sell?

Who should I sell to?

The Sales Process