Have you decided to buy a business or sell a business? It isn’t as easy as listing it online and waiting for the offers to flow in. You need a professional business broker on your side who can work with you to accomplish your goals. A business broker is someone who has the knowledge and experience to assist someone with the complete buying or selling process. Their skill set is generally quite extensive, and should include the following capabilities.
A broker will be able to look at a business’ financials, tangible assets and other information in order to determine its worth. This ensures that the price is not set too low, or too high, which can result in no offers and add length to the time on market. From a buyer’s perspective this skill is also important, so that the buyer can feel confident in the sale price based on the business’ current financial situation.
Successfully Market a Business For Sale
When it is time to sell your business a business broker will be able to help you complete the transaction quickly and at a fair price through extensive marketing techniques. The broker will be able to package all of the necessary information regarding your business in a presentable manner for potential buyers.
There is a time and a place to unveil the fact that a business is being sold. Providing that information too early can result in stricken relationships with employees, customers, vendors and others. You can expect the utmost confidentiality from a professional business broker.
When selling a business you shouldn’t have to deal with unfit buyers making you offers they can’t follow up on. A business broker screens buyers to make sure only real offers make their way to your desk.
Whether you’re buying or selling a business you obviously want to get the most out of your investment. A business broker will negotiate for you based on the current statistics and assets of the business.
Can Complete a Sale of a Business
Perhaps most importantly, a business broker will be able to complete all of the necessary steps that will complete the sale of the business. This includes everything from the initial consultation and valuation to transferring of the title.
Don’t go into the sale of a business blind, be sure to work with an expert professional broker. If you’re interested in selling or buying a business in Oakland, Macomb, Wayne, Livingston, or Genesee County in Michigan, the team at MWV Consulting - An Affiliate of Empire Business Brokers, CBB, is here to help. Our highly experienced staff will work with you to meet your business ownership goals. To schedule a free consultation for buying or selling a business in Michigan give us a call at (248) 450-5845 today.