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Do I need to list with broker or can I do it

I like to sell my 30 years old business, should I hire broher or it is easy to sell by myself

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Answers (4)
Blake Corners
Douglas Group
M&A Advisor
Saint Louis County, MO

Zore,

Obviously, I am going to advise you to seek the advisory services of a highly trained professional who has connections in the buying (strategic & equity) to command maximum value.
I can't count the # of business owners we have saw go at it alone only to be let down by the response they received from the market or feeling they got taken advantage of by a buyer.

Regardless, I would urge you to spend a few $s on a recent book that my managing partner authored that numerous business owner clients of ours have found very informative and useful in maximizing value.

http://www.amazon.com/RIPE-Harvesting-Value-Your-Business/dp/1590791932

Feel free to contact me directly if I can be of assistance.
I would love the opportunity to learn further of your business and its 30year legacy.

Best wishes

Sep 25, 2015
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e10 Consulting LLC
Miami-Dade County, FL

Hello Zore,

Before selling your business you need to consider the Return On Investment (ROI) a buyer would reasonably expect and your desired selling price. In addition to what other similar businesses are selling for so you can get a better idea of what you can realistically expect when selling it.

If this number is acceptable to you then it will be worth selling your business. If it is not then it is better that you wait for the appropriate time. We can provide the analysis and expertise you will need to accomplish this.

If interested please contact me at:
info@e10consulting.com or call 954 534 5318.

I'll be glad to explain it and answer your questions.
Calev Jimenez

Aug 10, 2015
Art DePaul
DePaul Brokerage
Broker
Barnstable County, MA
Premium Broker

Even if the top line (gross sales) is significant a large percentage (maybe 90%) of main street businesses do not show a strong bottom line and may even show a loss. And typically the owner / seller has been living a reasonably good life style solely from the business. So how do you price it your business?

How do plan to put a for sale sign in front of your business? If so, what are the vendors, the employees and most importantly your customers going to think?

How do you plan to show the business?

When do you let a prospect look at the tax returns, customer lists, your contracts and etc.?

If you do not know the answers to these basic questions you need help.

Being a highly trained professional business broker I have seen business owners leave a pile of cash on the table when selling their business. Or worse yet, never are able to get an offer on the business to get the “dance started” and there for the business never sells or eventually closes the business. And if the owner hangs in there and keeps running the business owner he/she never able to move on to the next calling.
I would be happy to give you some time, confidentially of course, to answer questions and guide you on a proven path of a common sense type approach to selling your business. Call me at 508 274 5655 Art DePaul

Jun 8, 2015
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The BAF Group LLC
MD

It depends on the business. Certainly, it is not "easier" to sell it on your own. The question is how much the Broker can assist you in making certain you get the highest and best legitimate price for your business, how well he/she can promote and present your business in the best possible manner, and how well he/she can negotiate the best price and terms for your need. If you would like to contact me to discuss it, please do so. Don Barrick at combroker@bafgroup.com, or call 410-0715-0700.

Jun 8, 2015

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