A business broker’s experience and education include additional learning and training which can make it significantly easier to navigate the business buying or selling process. From knowing the business and neighborhood to knowing the all the ins and outs and details of the process for both sides, they can make the difference between an enjoyable and smooth business transaction or a disaster.
Here are the top ten reasons why a Business Broker should be a part of your business buying journey.
1. They Save You Time
Brokers have their finger on the pulse of all the latest business sale listings and going ons. With the right broker you will not have to spend hours scouring the internet or driving around neighborhoods looking around for “for sale” signs.
2. Plan of Attack
Business Brokers provide much needed structure and accountability to the business buying process. The whole affair is extensive and must be finished in order and on time to be completed successfully.
3. Confidentiality is Key
It is standard practice for Business Brokers to keep as much of the deal confidential for both parties’ protection until no longer necessary. The broker will be able to contact the potential company for purchase while keeping the buyer’s identity confidential until the time is right.
4. Location, Location, Location
A Business Broker can help you on all the specifics of making sure that you are buying a business that is in a great location and poised to make the ROI one is looking for in a new business purchase.
5. They Know the Numbers & the Paperwork
Buying a business is full of numbers and you want to make sure that you are doing the math correctly from the very beginning. Brokers will be able to advise to a company’s worth and can help make sure that you are aware of all the fees and costs involved as well as ensuring that the proper paperwork is managed correctly on both sides of the transaction
6. Financing!
From local banks to national lenders, SBA loans to Private loans, Business Brokers will help you to get the best funding you need for your business deal.
7. They Are Expert Negotiators
Good Business Brokers are as familiar with the negotiation table as they are with the back of their hand. Because of their more advanced negotiating experience you can rest assured that they will help you to get the best deal possible.
8. They Know How to Close
This is what they do. And they do it well. So, when you finally find that perfect business you do not have to worry about it slipping out of your hands into someone else’s arms because of offers not being aggressive enough or worse yet, paperwork not being filed in a timely or correct manner
9. Entrance & Exit Strategy
Regardless of which end of the deal you are on. Whether you are leaving a business or looking to get into one, a broker can help you not only with the immediate process but also in planning for the future as well. Smooth transitions are the best transitions for all parties involved.
10. Experience is Everything
Most importantly a Good Broker’s experience is completely invaluable. Throughout every step of the business buying process, they have seen it all and are there to guide you every step of the way.
Looking for a business to buy? Need help with buying a business you have had your eye on? Reach out to Allen Faradineh of Pacific Merger Group at 469-569-8347. With decades of experiences and millions of dollars in closed deals his experience and expertise will guide you down the right path for you and your business.
