{"id":1470,"date":"2019-04-01T09:10:09","date_gmt":"2019-04-01T14:10:09","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/high-point-nc\/?p=1470"},"modified":"2025-02-03T16:30:24","modified_gmt":"2025-02-03T16:30:24","slug":"questions-you-should-ask-before-you-hire-a-business-broker","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/high-point-nc\/questions-you-should-ask-before-you-hire-a-business-broker\/","title":{"rendered":"Questions you should ask before you hire a business broker"},"content":{"rendered":"<p>Choosing the right broker when it\u2019s time to buy or sell a business is a key part of the process. Who you choose to represent you or your company can make or break the sale. This is an important part of the sale &#8211; make sure to take the time and do the research required to choose the right person.<\/p>\n<p><strong><em>Here are some things you should ask before you hire a business broker:<\/em><\/strong><\/p>\n<ul>\n<li><strong>How much experience do you have as a business broker?<\/strong> Experience matters. You want someone who has had success in helping people buy and sell business over a long span of time, especially during dips in the economy.<\/li>\n<li><strong>How much experience do you have in my field?<\/strong> Make sure to work with someone who understands your field. It\u2019s great for someone to have sold hundreds of tech companies, but can they handle the sale or purchase of a retail business?<\/li>\n<li><strong>What is your process for business valuation?<\/strong> <a href=\"https:\/\/www.sunbeltnetwork.com\/high-point-nc\/valuations\/\" target=\"_blank\" rel=\"noopener\">Business valuation<\/a> is more than looking at how similar businesses are priced. There should be multiple factors to measure a business\u2019 worth to include assets, current market status, plans for the future and more.<\/li>\n<li><strong>How many active listings do you have?<\/strong> You want someone who\u2019s got a good business going and plenty of contacts. But too many listings is a sign that they won\u2019t be able to adequately dedicate time to your needs. A good rule of thumb is 3-7 listings per broker.<\/li>\n<li><strong>How will you keep the sale of my business private?<\/strong> Discretion is necessary, especially when selling a business. You probably do not want your customers or competition knowing about a sale. Ask about how the broker plans to maintain your privacy needs while marketing your business.<\/li>\n<\/ul>\n<p>The effort you put into finding the right broker for your business buying or selling needs has a huge impact on the success of the transaction. Contact <a href=\"https:\/\/www.sunbeltnetwork.com\/high-point-nc\/\">Sunbelt Business Brokers of Greensboro\/High Point<\/a> for a consultation today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Choosing the right broker when it\u2019s time to buy or sell a business is a key part of the process. Who you choose to represent you or your company can make or break the sale. This is an important part of the sale &#8211; make sure to take the time and do the research required [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":11632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Questions you should ask before you hire a business broker - Sunbelt of Greensboro\/High Point<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sunbeltnetwork.com\/high-point-nc\/questions-you-should-ask-before-you-hire-a-business-broker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Questions you should ask before you hire a business broker - 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