A talented broker brings the skills, knowledge, and time-tested techniques you need to get top dollar for your business.
A Confidentiality Agreement. Without it, word will get out that your business is for sale and bad things happen:
- Key staff start looking for another job and your management structure weakens.
- Suppliers, vendors and creditors start tightening up terms which cuts into cash flow.
- Competitors start spreading the word to lure your customers away.
Pre-Qualified Buyers. A skilled broker knows how to pre-qualify buyers to eliminate tire-kickers and dead ends.
Marketing Power. A successful broker has a private database of qualified buyers plus relationships with brokers who represent buyers seeking a business like yours.
Acquisition Loan Assistance. An experienced broker has access to a range of lenders to help expedite the sale by assisting a buyer in securing financing.
Tenacity. The selling process can take up to two years with many challenges along the way. A talented broker has systems in place to stay the course and prevent a deal from going south.
Remember – qualified buyers always have their own team in place. You should, too.
Next up: Top 5 Questions To Ask Before Partnering With A Broker.