Why Working With a Business Broker to Sell your Business Matters Business brokers, also called business transfer agents, or intermediaries, bring many benefits to the table for buyers and sellers as they assist in the process of buying and selling a business. Transworld Business Advisors is a global network of brokers offering a turnkey solution for those that want to build a solid business and future for themselves while maintaining a balanced quality of life. Transworld Business Advisors help sellers to locate and vet potential buyers. On the other side, buyers also rely on Transworld Business Advisors to help facilitate the process of evaluating potential businesses and franchises for sale. A Transworld Business Advisor is the solution for both scenarios for several reasons.
- Business brokers like Transworld Business Advisors are experienced in marketing a business without identifying it and will protect the identity of the company for sale. Business brokers like Transworld Business Advisors have procedures to maintain confidentiality in the sale of your business. Although it is important, it is also very difficult to maintain confidentiality without an intermediary, like a business broker. A buyer must be qualified and sign a confidentiality agreement before learning that your business is for sale. Brokers contact only owner-approved buyers through a blind profile, describing the company without revealing its identity.
- Business Continuity
- Selling a business can be a time-consuming process and can quickly become overwhelming for a business owner. With a business broker, the owner can maintain a focus on running the business while the business broker focuses on the sale.
- Reaching Potential Buyers.
- Business brokers have the tools and resources to reach the largest possible base of buyers that are best suited for your business's industry. Brokers know the buyers that are looking for a business to buy and help sellers reach a variety of qualified buyers. Sellers will benefit from the broker's network of contacts and knowledge of the market. The inventory of businesses for sale attracts more buyers for your business as business brokers attract more potential buyers that will be exposed to your business.
- A business broker can help present your company in the best light to maximize the sale price. Brokers know how to professionally represent and present your business for sale. A good business broker understands the key values that buyers are looking for and can assist in identifying changes that can lead to a better selling price.
- Business Valuation.
- Assigning a value to a business can be a difficult and complex process. And every business is different, with numerous variables that have an impact on the value. Business brokers are trained and experienced at valuing businesses. Moreover, brokers like Transworld Business Advisors, know negotiation tactics. Their expertise helps sellers set the right asking price for their business and helps buyers understand how to identify a fair deal. Business brokers have the experience and resources to ensure your business gets a fair value. In some cases, business brokers may also help buyers get financing to buy your business.
- Closing a Deal.
- An experienced business broker has the time and resources to focus on selling the business. The process will run smoother and there is a much better chance that a deal will be closed in less time. The faster the sale, the lower the risk of employee problems, customer defection, and predatory competition. Brokers are invested in helping you sell your business and ensuring a smooth transaction.
Unlike buyers and sellers that are frequently not familiar with the full spectrum of the business buying/selling process, an experienced business broker helps both buyers and sellers in order to facilitate a sale of the business. By using a business broker to sell your business, you have the time to do what you do best - continue to run your business well so it maintains its value during the sales process. All of these key factors play a role in closing the sale of a business when working directly with a broker. Call our experienced professionals today at (770-766-9855).