Are You Considering Selling Your Business?
The decision to sell a business is often a difficult one because of the profound personal and financial impact to the business owner. Many different influences bring business owners to this decision, including:
· Owner's desire to pursue other business interests which may be more challenging or less stressful.
· Worrisome exposure to business risks, often aggravated by personal guarantee loans.
· Personal preference of the owners to retire or simply change their lifestyle.
· Possible failure of the business if one or more owners become seriously ill or disabled.
· Divorce or dissolution of partnership.
· Lack of sufficient working capital.
How much is my Business worth?
A business enterprise, like any asset, is worth what a buyer is willing to pay. Buyers ask countless questions, but they are primarily concerned with a fair return on their total investment. In addition, prospective buyers make many judgments about market position, proprietary know-how, competitive strengths, quality of the assets, growth potential, and risks of the business.
Is Confidentiality important?
Sound working relations with employees, customers, suppliers and bankers are important factors to a company. Any premature indication of a possible change in ownership could disrupt these relations and weaken the company's competitive position. For these reasons, and many others, confidentiality is critically important at all stages. With the proper procedures, it is possible to minimize the risk of an untimely disclosure.
How Does a Professional Business Broker Help?
A professional business broker helps the business owner determine the true value of the business, and, more importantly, can help prospective buyers understand the reasons for such value and structure a sale that maximized the benefits of buyer and seller. A professional business broker has databases of qualified buyers and regularly advertises your business using many sources. The broker helps to insure that all information about the business is kept confidential throughout the entire selling process until it is appropriate to reveal that a sale is forthcoming. The professional business broker has been trough countless transactions and guides the seller and buyer through to a successful completed transaction. But most of all, the broker enables you to concentrate on running your business, while they organize financial information, screen potential buyers, negotiate the best sales price and coordinate the closing process.
If you are a business SELLER, don't wait any longer to hold a completely free confidential meeting with Empire Business Brokers, we have the experience that you can count on. We will be very glad to help you! Call us at 919-609-9998 or email to mnolan@empirebizbroker.com.
