Top 10 List of Reasons Why you Should Use a Business Broker to Sell your Business

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Top 10 List of Reasons Why you Should Use a Business Broker to Sell your Business

Brad OConnor

April 21, 2021

Selling a business can be a challenging, time-consuming, and overwhelming process for business owners; thankfully business brokers are here to make the process as simple as possible for you! Yes, there is a cost when using a business broker but only when your business sells, and the result will be a quicker sale and a higher return on investment.

There is an endless list of reasons why hiring a business broker is a great idea when you are looking to sell your business. Here are the top 10!

1. Great Market Understanding

An experienced business broker will have worked with business owners from all industries and sectors, and will understand the nuances of your market. This deeper understanding will give you useful insight into the process of selling your company.

2. Marketing Skills

Marketing a business is a skill that requires expertise and finesse, and a business broker will come equipped with all the tools and knowledge for you to bring your business to market in an effective way.

3. Price

Listing your business at the right price is crucial. A price that is too low will cost you money, while a price that is too high may lead to no sale at all. Seasoned Business Brokers will be able to provide you with a market valuation, and offer you tips on how to increase the value of your business, and to maximize your return on the sale of your business.

4. Middle man

Emotions can run high during a business transaction, so it is imperative to have a business broker acting as the intermediary. Buyers and sellers also need to work closely together after the transaction to finalize all the details of the sale, which can get stressful. Having a Broker involved to manage any tensions that may arise is a very smart idea.

5. Show off all your best angles!

Business Brokers know how to present your business to interested buyers in the most appealing way, by focusing on the positives, while being forthright about the flaws and presenting ways to make corrections and improvements.

6. High quality profiles

If a buyer is interested in buying your business, they will be required to sign an NDA which will allow them to view a confidential business profile about your business. A business broker will prepare a high-quality business profile to entice your potential buyers.

7. Buyer Screening

Your business may attract a lot of interested buyers. A business broker will screen potential buyers to eliminate those who are “just looking” or who have an insufficient budget, saving you the time and energy of going back and forth with someone who is not committed.

8. Less Paperwork – Need we say more?

Selling a business involves a HUGE amount of paperwork and time. As a business owner, you already have a lot on your plate and do not need to fill your days with any more paperwork. Hiring a Business Broker to manage all the documents allows you to keep your focus on your business, so it can thrive until you find a buyer.

9. Confidentiality

Selling a business requires a great deal of discretion and confidentiality. Business Brokers are able to effectively present business for sale opportunities to potential buyers without breaking confidentiality, and are familiar with the world of NDAs, helping you navigate with ease.

10. Peace of Mind – We’ve Got You!

At the end of the day, you have a lot on your plate, and being able to work with a business broker that you can trust will offer a peace of mind like no other – that you and your business are being taken care of through every step of this transaction.

Are you ready to get connected with one of our experienced Business Brokers? We cannot wait to help you!

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EVALUATION/CONSULTATION

If you are a business owner considering selling a business, and would like to learn more about OConnor Business Brokers and Consultants and the services we offer, please contact us to arrange a confidential business evaluation.

You will meet one of the Directors of OConnor Business Brokers, and your requirements will be discussed. During the meeting you will have the opportunity to find out more about selling a business, and how our business brokers and M&A Advisors can assist you with the business sale process.

Unlike many other approaches, OConnor Business Brokers start without any preconceived ideas about what is right for you and for your business. By understanding the business and your motivation we can help steer you in the right direction. This often challenges conventional thinking and comes as a refreshing change to the norm.

The Directors of OConnor Business Brokers have experience as business brokers, business consultants, M&A advisors, and business owners. We understand the challenges and pressures that face a business at any one point. We therefore use our time together not to try and sell you our services but to help you understand your options and how we can help.

An initial meeting lasts approximately one hour, and can take place virtually or in person at our office.

Evaluation and Consultation Request

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