If you’re considering selling your business, a business broker can help make the process simpler and more worry-free. They can help to ensure that your business will continue on after you’ve parted from it and that the employees that worked for you are taken care of.
Because, if you’re a business owner, you want to make sure that they will continue to be employed. Even after you’re gone. According to the 2017 IBBA Market Pulse survey, “cash at close” is the number one most desirable factor for sellers; however, “taking care of employees” comes in at a close second.
That’s where business acquisition support comes in. They make sure that everything is handled for your company, and that the individual that is obtaining the business after you is trained. They may even ask that you assist in the training, for your particular company.
But what does a business broker do, exactly?
A business broker is an individual, or group of individuals, that works with a portfolio of businesses for sale, and tries to find the best possible buyer for those businesses.
If you are exploring the option of selling your business, they will be happy to meet with you and evaluate your needs at no cost, often at no cost to you. And they will help you assess the situation.
The process of selling your business can be confusing, and it’s a good idea to have counsel to help you through decisions that could have an impact, positive or negative, on your financial landscape.
The goal of utilizing a business broker, especially one with experience working with many businesses for sale over the years, is to help you feel confident in your decisions, fully understand the process, and ultimately find you a buyer who grasps the full value of your business.
They want to make sure that you find the buyer that is going to take care of the business that you may have spent decades growing, but also that you get a good return on your business, worth all those years invested.
If you have any questions regarding selling your business, or what a broker can do for you, contact us. We’ll be happy to help.