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| 1. When is the best time to
sell?
The best time to sell is when a business is doing well. It's best not to wait until after a business has peaked; the selling price can suffer. However, almost any business can be sold, even if it is not doing too well, if the sale is handled correctly. 2. How much is my business worth? A company's value depends on many factors - such as cash flow, asset values, financial history, condition of equipment and premises, lease attractiveness, competition, potential for improvement, location, industry type and the economy, among many others. We have unparalleled knowledge of market values. By analyzing your business and comparables in your industry, we can advise you on proper pricing strategy for your business. The accepted (American Institute of Real Estate Appraisers) definition of FAIR MARKET VALUE is: "The highest price which is a business will bring if exposed for sale in the open market, allowing a reasonable time to find a purchaser who buys with full knowledge of all its uses." Another way of putting it would be "the price a willing buyer will pay and a willing seller will accept, with neither party acting under pressure." 3. Can a real estate agent sell my business? Probably not. While many business
brokers are licensed to sell real estate, most residential agents do not know
how to sell businesses. The techniques of pricing, selling and putting together
the business transaction are altogether different from selling houses or
commercial property. It's virtually impossible for a real estate agent to get
the confidential exposure to qualified buyers that a major business brokerage
specialist can. 5. Why not sell the business myself? Most owners find that the
frustration, expense and time involved do not yield cost savings. In fact,
because they don't have access to a large number of qualified buyers, many
owners end up selling their business for much less than they could have through
a well established business broker. And, owners find it difficult to work
directly with buyers and maintain confidentiality. If a key employee or
competitor learns the business is for sale, the value of the business could be
damaged. Selling a business is a specialized function. Just as you wouldn't
attempt to do your own legal or tax work, you should seek professional
assistance when it comes to selling an asset as important as your business. Exposure * Professionalism Confidentiality Qualified Buyers Follow Up Negotiating Power Advertising Experience Market Evaluations No Up-Front Fee ** * Florida Business Brokers Association and Commercial Realtor Association ** Unless required due to special request of the owner |