General
4 Important Factors for Choosing a Business Broker in Durham
Business owners who are looking to sell have usually figured out that a business broker has the unique ability to navigate the sale process, every step from attracting buyers to closing the final deal.
As with anything else, all business brokers are not built equally. There are probably more business brokers than can be counted, so what makes one better for your business?
4 factors that need to be considered before choosing a business broker are;
- Relevant Experience: Not only should a business broker have a proven track record, those experiences should be in a relevant industry. Whether this is for a restaurant, technology company, or consumer product, he should have proven that he knows how to sell a similar business.
- Verifiable Positive Reviews: Don’t just ask for proof of his or her prior deals, ask for numbers so you can speak to these people about how the process of the deal went. Ensure that they took the time to satisfy their past clients’ needs to the best of his ability.
- Teamwork: A broker should be able to help navigate the process of the deal, but that doesn’t mean he should be doing it all himself. He should have lawyers and other professionals that he can go to when obstacles do arise because they will arise.
- The Money: What happens when a broker has 3 $8 million deals going on while your $4 million deal is going on? Your deal ends up being pushed to the side and getting little attention. It’s important to make sure the broker typically handles deals your size to ensure it gets proper attention.
You have one opportunity to sell this business the right way. At Sunbelt Networks, our business brokers have sold more businesses than anyone in the world, always looking to maximize the seller’s value. Whether your company has $50k in annual revenues or $50 million, we have a specialized broker to help sell your business. Contact us now for more information.
