Thinking of selling your business? Why you should consider a business broker.

Selling your Michigan Business

Selling your Michigan Business

You have spent a great deal of time and effort in making your business successful. You know the business inside and out and have watched over its growth from the start. Why would you need help when it comes time to sell?

  • An impartial third party opinion of value: Your business broker knows what is selling and for how much. With access to comparable sales from across the country, he or she will be able to demonstrate why the value you place on your business is what it is.
  • 70% of businesses for sale don’t sell: You may wonder why that is and the answer is pretty simple. Most businesses are over priced and by the time owners realize they started too high, they have to lower the price more than if they had the right price to begin with.
  • A layer of emotional insulation: Selling your business can be very emotional and your business broker is able to keep a level headed approach in dealing with buyers who’s low ball offers might rub you the wrong way but who may still be willing to pay the right price for your business.
  • Access to the buyers: Brokers generally already have interested parties they are working  with looking for businesses. This could reduce your on market time considerably.
  • Market know how: A good business broker spends thousands of dollars each month in marketing businesses for sale. The cost of a good broker less than the cost of a complex marketing program for a single business.
  • Most buyers buy something else: It’s true, most buyers don’t buy the business they call on. For a business broker, this means they have an opportunity to place that buyer into another opportunity they have which benefits every business owner the broker represents.
  • Dots the”i” and crosses the “t”: Successful brokers know many of the common pitfalls of a business sale and can help you avoid the problems before they happen. A small confusion over who pays for what at closing could cost you a lot of money or the entire deal.
  • There is strength in numbers: Your business broker looks out for your best interests, period. You wouldn’t go to court without a lawyer, would you? Do your own dental work? How about “do it yourself” medical procedures? An experienced broker is not only worth it, but they often times cover their cost in higher sales prices, quicker sales and reduced transaction costs.

We offer no hassle, free and confidential consultations for selling your business. We believe that we offer a great value for your service and would enjoy the opportunity to show you why we are different than other brokerage firms in the marketplace.  If you are ready to find out more, simply use the information request to the left of the page or call: 517-321-2800 Ext 118. Matthew Wisniewski is proud to be part of the RE/MAX Commercial Group family and the Business Brokerage Solutions team.

 

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