What to Think About Before Hiring a Business Broker for Online Stores San Diego

If you are at a stage in your online business where you want to sell it, it is important that you hire a business broker for online stores San Diego. While selling on your own might seem like a good idea, it is not. This is because you are inexperienced in the sale of businesses, your emotions might cloud your judgement and maintaining confidentiality will be a lot harder. But should you hire just any business broker that comes your way? Definitely not. Here are key questions you should ask before hiring.

Is the broker legit?

Unfortunately, in every industry, there are people who pretend to be legitimate but their goal is to exploit the unsuspecting clients. To check if a broker is legit, start by checking their online presence. Do they have a website and other online professional profiles such as a LinkedIn profile? Do they have a company name and address? Can you find reviews about them? The right business broker for online stores San Diego must also be willing to provide references. Take time to contact at least three of the references and pay attention to what they are saying about the services of the business broker in San Diego.

Do they help with business valuation and pricing?

The last thing you want is to work with a broker that is only involved in the marketing part and nothing else. To save time and avoid confusion, you need a business broker that offers full service. Make sure they offer business valuation services and take note of how they value a business. Keep in mind that business valuation takes into consideration numerous factors. There is no one formula that works for all types of businesses. To give a great valuation, a broker will first want to find out more about your business.

The majority of small online businesses are valued on a multiple of seller discretionary earnings. This refers to the net profit of a business with the expenses that benefit the owner but are not pertinent to the business ‘added back’.

Do they value confidentiality?

Keeping the sale private is very important. You don’t want customers, staff or competitors to find out about the potential sale. A professional business broker will hold confidentiality in high regard and use every measure available to keep the sale a secret. Interested buyers will also be required to demonstrate that they have the finances to buy the business and they must sign a non-disclosure agreement before any information is shared with them.

These are the most important questions you should ask before hiring a business broker for online stores in San Diego. Always pick someone that has lots of experience selling businesses that are similar to yours.

Business Broker for Online Stores San Diego

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."

Is the broker legit?

Do they help with business valuation and pricing?

Do they value confidentiality?

The Sales Process