Santa Ana Business Broker

Questions to Answer before Offering Seller Financing

When selling your business one of the recommendations your business broker Santa Ana may give is for you to offer seller financing. At So-Cal Business Brokers we are pro this idea since it helps speed up the sale. However, seller financing is not for every business. To help decide if it is ideal for you or not, here are a couple of questions we recommend you answer.

What is your lowest price?

You need to decide on the lowest price you are willing to take for your business. When you get an offer the last thing you want is to waste time considering if you can take the offer or not. Our business brokers Santa Ana will help with business valuation and pricing. We help you identify the price buyers in the current market will be able to offer. That way you will know which offer is acceptable.

What are the tax implications?

There will be tax implications after selling your business. Taxes are simply a fact of life and you have to work with a professional to understand the tax implication of the sale. Our team at So-Cal Business Brokers is made up of experienced business brokers, accountants, financial advisors and transaction attorneys. We will be able to explain to you the tax implications of your decisions.

What will the interest rate be?

Offering seller financing means you are giving the buyer the loan he needs to acquire your business. To maximize on this you need to earn interest. We have handled many transactions that involve seller financing. Our team will help set the best terms including how much down payment the buyer should raise and the interest rate you should charge. 

Are there any other costs involved?

It is important that you consider all the additional costs before offering seller financing. Our business broker Santa Ana will want to know if you have any unsecured creditors that need to be paid and if the seller should pay part of the closing costs. You also need to determine if the seller should assume the debt or not.

At So-Cal Business Brokers we are experts at selling all kinds of businesses. We will help you structure the deal properly so that you get the best deal at the end of the day. Talk to us today to learn more about seller financing and how we can help facilitate this. We offer a free, no-obligation consultation with our experienced business brokers in Orange County. 

Business Broker Santa Ana