Finding a good, experienced, competent Business Broker or Intermediary in California can make the difference between selling and not selling a business. Here are five qualities or ways to help you choose the Right Business Broker in California or a third party to represent you in selling your business, or helping you buy a business or franchise.
1. Trade Association memberships
Accreditations are good; keeping up with the accreditations is better.
To see if a Business Broker is a member of their industry association, check the International Business Brokers Association at IBBA, the California Association of Business Brokers at CABB, the M&A Source at M&A Source, or find an organization or chapter of a brokers association in your state.
2. Communication
Selling or buying a business requires dealing with financial, legal, industry, and other jargon. Can you communicate quickly and clearly with your Business Broker and understand what they are discussing? See what your business broker can do for you.
3. Network of professionals
Selling a business often brings together professionals such as Accountants, Attorneys, Property Management Companies, Landlords, Escrow officers, Appraisers, Tax Agents, Lenders, and Financial Planners. Does your Business Broker have professionals he can introduce you to if your business requires that expertise?
4. Testimonials from past clients
What do past customers have to say about the services of the Business Broker? See Rogerson Business Services Testimonials and learn more.
5. Ability to assist a Buyer with finance
Most sellers do not wish to carry any finance, or they want to carry as little finance as possible.
Can your Business Intermediary introduce you to finance professionals who would provide a loan to a qualified buyer?
Are you thinking about selling your business in California? Would you like to know its value? If so, please visit my website, Business Valuation.
For more immediate help, you are welcome to email Andrew Rogerson or Call Toll-Free at (844) 414-9700
