Reasons Why You Should Hire a Business Broker to Sell Your Company

Selling a company is likely one of the most important and complicated transactions of your life. Add to this the legalities and procedures that go into selling and it can become a daunting challenge for anyone. When faced with these challenges, sellers can potentially sell at the wrong time or undervalue the business, thereby reducing the total potential profit.

This is where a business broker comes in. Business brokers help you avoid common pitfalls and help you make the most informed decisions regarding the sale of your business.

The following are just some ways brokers can assist sellers throughout the sale process:

1. They conduct financial analysis and valuation, which will provide the information necessary to arrive at an optimum selling price, using tools and techniques at their disposal as an impartial intermediary. From the buyer’s perspective, this increases the trust level of the valuation number because it was generated by an objective source.

2. They act as an intermediary, screening potential buyers, and getting you in touch with credible buyers with a sound financial history. A business broker also provides confidential means to credible buyers to access the information they need to make an informed decision without compromising a seller’s privacy.

3. They have a network of potential buyers that they can easily tap into, which will increase the visibility of your listing.

4. They manage the entire sales process, from drafting offers and agreements to negotiating and facilitating the closing. This allows the seller to concentrate on running their business and keep sales numbers positive.

5. They help maintain confidentiality throughout the entire process and protect the identity of the company and its assets.

At Sunbelt Business Brokers of Roanoke & Lynchburg, we utilize our years of experience to help make the selling process as painless as possible. We pride ourselves on clear, honest, consistent communication with our sellers as well as our ability to advocate for them ensuring that they get the best possible price for their business.