Working with a Business Broker
If you are considering selling your business, you have probably wondered if you should use a business broker. A business broker represents the seller in a business sales transaction, and there are lots of details a broker can help you with:
- Finding an appraiser for equipment, buildings, and inventory
- Helping create a business valuation report
- Qualifying buyers to make sure they are serious and have the capacity to buy your business
- Working with the buyer on the many details of a business sale so you don't have to
- Helping you get the best price for your business
- Providing contacts with bankers, lenders, to help the buyer complete the deal
- Analyzing comparable businesses for sale in your industry.
- Using knowledge of your industry to help assign an appropriate value for the business and negotiate industry-specific aspects of the deal.
Back to Business Valuation 101
