Why you Need a Broker When Selling your Business

Why you Need a Broker When Selling your Business

Wherever you are in the world, if you decide to sell your business, there are certain legal obligations that must be fulfilled, and unless you happen to have a buyer, you will need to put the business on the market, which isn’t as easy as it sounds. In the same way you wouldn’t sell your home privately, your business needs to be listed in all the right places, where potential buyers are always looking, and the best way to do that is by enlisting the help of a business selling broker.

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  • Reach the Right People – Not everyone is on the lookout to invest in a ready-made business, and those that are always check out the market leaders in business brokering, and this is where you need to list your business. If you live in Australia, Trident Business selling agents are the people to make contact with, and once you have made contact, they can take the strain out of finding a suitable buyer. From an investor’s perspective, one must consider exactly where a potential business buyer would look when searching for opportunities, and they don’t bother with local newspapers, but do look often at the leading broker’s website, waiting for the right opportunity to present itself.
  • Handling the Legalities – Selling a business does involve complying the government regulations, and your broker will be able to guide you through that maze, which really helps. This avoids having to hire expensive legal experts, keeping your costs down. Of course, it very much depends on where you are, but in Melbourne, for example, a price tag of less than $350,000 or less means the enterprise is classed as a small business, and a Section 52 Statement must be completed, and your broker would be able to deal with this.
  • Fetch the Best Price – If only serious buyers are looking at your listing, sooner or later, someone is bound to see the potential of buying your business, and with lower than normal fees, you can recoup your investment and move on to greener pastures.
  • Cost Effective Solutions – Like real estate, the sale of a business involves a cost, and with a broker, you are not likely to pay anything like the amount an agent might ask for. The fact that you can ask top dollar prices and the likelihood of a quick sale are more than enough reasons to use a brokerage to facilitate the sale.
  • Make the Sale – Obviously, your goal is to sell the business, and often, this holds up other things, as the working capital for our next project is tied up in the business. The longer the business is listed, the worse it is for the seller, and by reaching the real investors, you will soon be in a position to embark on your next venture.

If you should ever decide to sell your business empire, for whatever reason, source an established business selling broker and you will soon be contacted by a serious buyer, and after a little negotiation, a fair price can be agreed upon, and the transaction can be completed.

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