10 Good Reasons to Hire a Business Broker
Are you exploring the idea of selling your BC business?
If so, this information is for you.
You are likely looking to maximize the value of your BC business when its time to sell your business, and hiring a Business Broker in BC will give you the market advantage that you are looking for.
In an ever-changing economic landscape, the expertise of a BC Business Broker will deliver the results you are expecting.
As Vancouver Business Brokers, we offer a professional service and specialize in all aspects of business transactions.
Here are 10 Good Reasons to Hire a BC Business Broker to Sell Your Business:
Reason #1 – Experts at Selling Businesses
Unlike realtors, accountants, or even business owners, Business Brokers BC specialize in selling businesses.
With a unique knowledge of the business climate, the economic market, industry trends, valuation techniques and marketing strategies, business brokers are well-positioned to lead the sale of your business.
A Business Brokers wealth of experience leading business transactions makes them an invaluable resource you can rely on.
Selling businesses isn’t just what we do. It’s all we do.
Reason #2 – Access to a Vast Network
A good BC business broker has spent years developing a network of active and qualified buyers.
This means that when you hire a business broker to sell your business, they can immediately present your business to their network of buyers.
The benefit to you is a faster sale of your business and a streamlined selling experience.
At Stonebridge Business Brokers, most businesses we sell are sold to member of our Buyers Network.
Reason #3 – Confidentiality
A BC business broker will ensure that your business name and information are kept in strict confidence and that the details of your business sale are not made public.
A good business broker will use non-disclosure agreements (NDA’s), confidential memorandums, Letters of Intent, and anonymous marketing techniques to protect your business information throughout the selling process.
This allows you to focus on running your business in BC without having to worry about competitors or employees catching wind that your business is for sale.
Reason #4 – Accurate Business Valuations
A good business valuation is no accident. And an accurate business valuation ensures that your business is well received in the marketplace.
Determining the best price for your business is a combination of accurately assessing business financials, industry trends, customer base, and comparable business sales.
But it’s not just science. The best BC business broker will know the art of pricing your business based on experience and intangibles.
We get you the highest price for your business.
Reason #5 – Winning Marketing Strategies
You have a great business, but if no one knows your business is for sale than it doesn’t matter how great your business is. That's why a winning business for sale marketing strategy is so important.
Business Brokers have a proven marketing system that leverages their network of buyers, maximizes impactful advertising mediums, and presents your business in the best light to the right kind of buyers.
The right marketing strategy means that your business sells quickly, and receives competing offers.
Sell Your Business in 180 days with our proven business sale system.
Reason #6 – The Power of Skilled Negotiation
A business sale is often a complex transaction with lots of moving parts that need to mesh.
In addition, negotiations can be emotionally charged and mentally challenging.
Business Brokers are trained at winning negotiations for their client, and help you avoid the many roadblocks that get in the way of closing a business sale.
Dealing in a professional manner with buyers, and communicating effectively to keep positive momentum going with the buyer means that your business sale with close.
We get you the best price with the best terms.
Reason #7 – Due-Diligence Support
Nearly every business sale must go through a due diligence process. And this is where many deals fall apart because the seller isn’t prepared or qualified to represent their business to successfully satisfy the buyer's questions and concerns about the business or the industry.
A skilled BC Business Broker will know where a deal may breakdown and will be proactive in eliminating red flags before the buyer becomes aware of them and before they put your deal at risk.
A Business Broker representing you and the sale of your business will ‘think like a Buyer’ and will get you and your business prepared to successfully navigate the due diligence process through to a successful business sale.
Don’t let due diligence hinder the sale of your business.
#8 – Deal Structuring
Price is important. But so is the structure of the sale.
Getting maximum value is a primary focus of your Business Broker.
But a good BC Business Broker will also work to include the best possible terms in addition to getting a high business sale price.
A great deal includes payment terms that are in alignment with your timetable and financial position. As well, a business broker will ensure that risk to you is eliminated after closing.
Why not get everything? A top sale price and terms that meet your needs.
#9 – Save You Time, Money and Stress
If you have tried to sell anything, you know that it can be a time-consuming and stressful process.
Imagine how those negatives can be magnified when we are talking about selling the business that you have worked so hard to build?
A business broker will take the lead and save you time, get you more money for your BC business, and assume the stress of valuing, marketing, negotiations and closing your sale.
You only have one chance to sell your business. Make it count.
#10 - No Regrets - Sell with the Best Vancouver Business Broker
More than 70% of small business owners that sell their business regret the price or the terms that they sold their business for.
By using a BC Business Broker, you are ensuring that you don’t have to live with those kinds of regrets.
A Business Broker is an expert who has the experience to know when a deal is a good one, and one that you should accept.
A Business Broker is a priceless resource to make sure that you are happy and satisfied with every aspect of your business sale.
Life is too short to live with regrets.
Why Hiring a Vancouver Business Broker Makes (Dollars and) Sense
If you want a competitive advantage in the marketplace, using a Business Broker provides that advantage.
Business Brokers in BC give business owners who are selling their business and advantage by:
- Accurately valuing your BC business in the marketplace
- Protecting your business information throughout the sale process
- Marketing your business in BC so it stands out above the competition
- Getting you the highest price possible for your business, and
- Saving you time, money, and stress by providing a seamless selling experience
Next Steps
If you are a business owner who is considering selling your business, contact:
Chris Hall, Senior Business Broker
Stonebridge Business Brokers of BC
Phone: 604-866-2236
Email: stonebridge@businessbrokerbc.ca
Visit: businessbrokerbc.ca
We offer business owners confidential and free advice on selling their business.
Vancouver's Best Business Broker.
I found this article when searching for the best business brokers. Excellent write up on the value of using a business broker to sell me business.