Seller Frequently Asked Questions
1. Why should I use a business broker to help sell my business?
Confidentiality is critical. What would happen if your staff, competition or customers found out you were selling the business? Losing key staff members or customers can significantly impact the ability to sell your business. Until we have a qualified buyer who has signed a NDA, the sale of your business will remain private.
2. Do you offer business valuations?
Yes. Establishing reasonable value expectations is important to the sales process. We provide multiple options for valuation and always perform a valuation before marketing the business.
3. Do you screen buyers?
Yes. Confidentiality of your sale is critical during this process. We have all buyers sign a Non-Disclosure Agreement (NDA), and also request a financial statement from the buyer before releasing any confidential information.
4. How long will it take to sell my business?
Although each sale is unique, the process typically takes between 6-12 months.
5. What are your fees and how do you get paid?
We get paid at the time of closing and our fees are charged as a percent of the transaction. These fees vary based on the size of the transaction.