When Should You Use a Business Broker when Selling Your Business?

Hiring a business broker Orange County is without doubt the first thing you should do. This is because the broker is more knowledgeable in the sale of businesses and will be instrumental in getting your business ready for sale, marketing it, helping with negotiations and guiding you around challenges. Even so, some business owners choose to sell on their own. After all, they have been selling their products and/or services to customers for years and feel they have the experience needed to sell their company. This cannot be any further from the truth.

Selling a business differs from selling your own products and services. There is a lot of work involved. The smallest miscalculation can lead to catastrophic problems. This is why contact business brokers Orange County is the first thing you should do. If you are still not convinced, here are the three top reasons why you should hire a business broker.

You don’t have a good idea of who would be interested in buying your company
Business brokers work with all manner of buyers practically on a daily basis. They have new business listings every month. Due to their experience in the sale of businesses, they will have contacts of buyers who might be interested in purchasing a business like yours. What is more is that your business broker will market extensively through listing sites and to other business brokers. This is the number one reason why selling through a business broker is much faster than selling on your own.

You don’t have an extensive business network
This is yet another reason why you need to leverage on the support of business brokers Orange County. Due to their everyday involvement in the sale of businesses, brokers have established connections with experienced professionals such as accountants and business appraisers. They will point you in the right direction whenever you are stuck. What is more is that most business brokers today can help with a business valuation.

You don’t have the extra time needed to focus on your business and marketing it
Last but not least, you should consider working with a business broker if you feel you lack the time needed to thoroughly market your business and focus on the core operations of your company. Remember that just because you have put your business up for sale does not mean you shut down. You have to keep your business operating profitably else its value will go down. A business broker Orange County will take over the sale so that you can focus on the core operations of your business without worrying about the sale.

In addition to these top three reasons why you should work with a business broker, the advantages of hiring a broker are virtually countless. All you need to do is to hire a broker that has experience working in your industry and selling businesses that are similar to yours.

Business broker 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."

The Sales Process