Why use a Business Broker?

A 2008 survey of more than 100 Canadian entrepreneurs who SOLD their business reveals that the primary reason they sold their business was because they received a very attractive offer, yet only a minority had methodically pre-planned for this possibility. ONLY about a third took steps to maximize the sale value, such as obtaining an independent valuation or hiring an agent to negotiate the transaction. An overwhelming 71% would now urge Sellers to hire an advisor to sell their business.

The emotional impact of the sale of a business may not have been recognized prior to the process but, reflecting on the sale of their business, 78% of these entrepreneurs indicated that it was an emotionally draining, often lonely and all-consuming process. Over half the respondents indicated the process was so time consuming that the ability to run the business was compromised.

When asked about the advice they would give to other entrepreneurs contemplating the sale of their business, the message was clear: Do things differently.

• A good Business Broker can be the buffer between you and the Buyer.
• A good Business Broker can help you understand the offer.
• A good Business Broker will bring you Qualified Buyers.
• A good Business Broker will allow you to continue to focus on your Business.
• A good Business Broker will get maximum value for your Business.

Any business owner who has sold a business on his or her own will tell you it’s a long, tedious and stressful process. It consumes time and distracts you from the day to day operation of the business. When your focus should be on maintaining or increasing the value of your business, all of your time and energy is directed to the sale process.

That’s where an experienced business broker can pay huge dividends. An experienced business broker can help guide you through the complicated process of selling your business.

Don’t gamble your Business- Hire a professional!!!