Selling a business is a complicated
process that requires a seller to understand the implications of the following
questions:
- What is the difference between selling
assets and selling stock?
- How do I ensure that the sale of the
business is confidential?
- What is the value of my business?
- What type of financial records do
I need to provide a buyer?
- Can I get cash for my business or will
I need to take a note?
- How long will it take to sell my business?
- Can I sell my business if it is not
currently making money?
- What is the most effective way to find
qualified buyers for my business?
- How do I know a buyer is financially
qualified?
- How do I deal with discrepancies between
my financial records and tax returns?
- Can I sell my business if I have only
owned it for a short time?
- Should I use an escrow company?
- What forms do I need to complete and
releases do I need to obtain from governmental agencies?
- What type of training do I need to
provide a new buyer?
- How can I determine if a buyer is
financially qualified?
Given the obvious complexity of the process there is really no reason
not to work with a Sunbelt Business Brokers of West Los Angeles trained
business intermediary. A business broker takes the time to understand
what your personal and financial needs and goals are, and then finds a
buyer and help you to structure a deal that meets your criteria. The
broker will assist in arriving at a market value for your business and
can provide you with a variety of professional valuations tailored to
your needs. The broker will market your business on a confidential basis
on the major websites that buyers visit. The broker is always available
for consultation as issues arise. Once you have accepted an offer, it is the broker’s job to ensure a speedy
closing of the transaction. The broker is familiar with the required steps
to close the transaction including liens searches, property tax searches
and filing of UCC’s. In view of the benefits for a buyer, it does
not make sense not to use a business broker!
There is another reason why it is advantageous for a seller to work with
Sunbelt Business Broker’s of West Los Angeles. The company is part
of the Sunbelt Business Brokers Network of over 346 offices in the United
States and eleven international offices. Sunbelt has been rated the top
business brokerage firm since 1995. The January 2003 edition of Entrepreneur
Magazine ranks us the pre-eminent business brokerage firm once again. The
size of the network gives our brokers access to buyers all over the United
States and in many foreign countries. Sellers working with Sunbelt Business
Brokers of West Los Angeles have exposure to one of the largest pools of
buyers available and the necessary guidance to ensure a successful purchase
transaction.
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