How Does a Professional Business Broker Help?

Whether buying a business or selling one, going through such processes alone can be full of surprises and pitfalls. Here are just a few of the ways that a business broker professional can assist in the sale of a business:

1. Help maximize the price a seller can receive for the business; Many times the secret is in the structuring of the price and terms
2. Create and prepare a marketing strategy; The business broker professional knows the marketplace and can package a business properly
3. Interview, educate and show the business to only qualified buyers.
4. Keep the sellers informed of everything that happens regarding the sale of their businesses, and provide advice accordingly.
5. Present all offers and point out the weaknesses and strengths of each one.
6. Provide the names of other qualified advisors, if necessary, and any other resources that will be helpful during the selling process
7. Help negotiate with landlords, lenders, attorneys, etc.
8. Help close transactions as smoothly as possible – making sure all involved governmental agencies and escrow companies are on top of such transactions.
9. Prepare Security Agreements and Promissory Notes for the seller if willing to carry a Note.