Sell My Business - Which Professional to Hire

Selling a business is a good option if you want to pursue other opportunities and make a profit from your investment. This is the fastest way to liquidate your assets. Even so, it is important to understand that selling a business is a serious business. The last thing you should do is in a hurry to find the right buyer. The sale requires careful preparation and the hiring of the right professional help. So, if you have this question: whom should I hire to sell my business, then this article will come in handy.

How do I sell my business at the best price?

To sell business at the best price, it is critical that you involve the right professionals. There are three main professionals you will need to work with in the sale of your business.

Professional valuator

If you are wondering, ‘how do I sell my business at the right price’, the first thing you must do is get the actual value of your business. You will need to look at your current assets using such methods as the future earnings approaches and the asset based approaches. Needless to say, this is not an easy thing and if done poorly, you might sell business at a loss or have nobody to buy it to. It is at this stage that you need to hire a professional in business valuation.

A professional valuator will look at every aspect of your business and make considered conclusions. He will help identify the real worth of your firm. The valuation of the expert will also be more credible to potential buyers. Therefore, the moment the idea of ‘I want to sell my business’ crosses your mind, talk to a valuator first.

Business broker

Most people who say, ‘I want to sell my business’, are often doing it for the first time. If the case applies to you, you need to understand that selling a business is not as easy as painted on online forums or as discussed in conferences. It involves working hard to find the right buyer and negotiating for the best price. This is what makes business brokers important. A business broker San Diego is also referred to as a commercial realtor. He will help find the best buyers, determine the best deal, and help navigate the sale process and also help you close fast. The broker will get the heavy burden off your shoulders.

Lawyer

Last but not least, you will require legal counsel. The last thing you want is to contradict yourself or violate the laws regarding the sale of a business in San Diego. A good lawyer will help draw up and review the necessary documents needed to sell your house.

There is a lot that goes into the sale of a business. If you think, ‘I want to sell my business,’ you should involve the these people. A business broker will also many time have valuation experience. At So-Cal Business Brokers we do. It does not matter how small or big your business is. Call us today for help with selling your business.

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