7 Reasons Why You Should Use a Business Broker
INCREASE BUSINESS VALUE BEFORE THE SALE
A broker can help you increase the value of your business before a sale. If you make improvements, you can make a stronger case for selling your business at an attractive price.
UNCOVER YOUR VALUE PROPOSITION
The broker can help you create a marketing strategy to find interested buyers, including an summary that presents your business in the best possible light. When multiple buyers compete to purchase your business, you might obtain a higher sale price.
BUSINESS VALUATION
A broker can help you with a business valuation by analyzing data from your business financials, market factors, industry trends, assets, leasehold improvements, and comparing similar companies. The goal is to ensure that the seller does not leave money on the table or the buyer pays too much.
FIND INTERESTED BUYERS
Brokers use many unique sources to find buyers, including social media, third-party websites, Google AdWords, the firm's website, and its buyers database. They pre-screen buyers to determine if the buyer has the financial resources to make a purchase offer. When a serious buyer is located, the broker will manage the due diligence process
OVERSEEING DUE DILIGENCE
Brokers know which documents are most relevant for due diligence, and your broker can help you gather and organize important documents. Requests for additional information can be frustrating, and you can hand off that task to your broker.
CLOSING A SUCCESSFUL SALE
The broker will negotiate the final price and terms on your behalf, Your broker can help create a closing and transition checklist, which will help the buyer and close a successful transaction. An experienced broker can guide the seller on best practices, and what to expect during the closing.
MAINTAIN AN OBJECTIVE VIEW
Perhaps most important, your broker is emotionally unattached from the business. The sale process can be emotional and draining for the owner, and a broker will help you maintain objectivity.
WORK WITH A TRUSTED ADVISOR
Canada Business Sales have worked on over numerous transactions in a number of industries. They will work to transform your business into a ready-to-sell enterprise, which increases market valuation. Your broker will help you find the ideal buyer and get maximum value for your business.