What services does a business broker provide?
What services does a Business Broker provide? A Business Broker wears many hats when it comes to selling your business, or perhaps even assisting you in your business purchase, acting as a buyer’s agent. We have over 85 years of collective experience in the Sydney Business sales industry. This means Core Business Brokers is your go-to Business Broker team when you’re looking to sell your business. One of the partners is a chartered accountant which is a valuable bonus. As it allows us to analyse the financials and be creative with negotiating terms.
For the purpose of this blog, we’re going to break down the role of a Business Broker when helping you sell your business.
Presenting information & providing expert advice
Your Core Business Broker will assess the market and provide a realistic sale price for your business. This is based on a variety of factors, all of which we take into consideration. We pride ourselves by being honest with our clients so that we do not create unrealistic expectations. Throughout the entire process, your information will be confidential and here at Core Business Brokers – the utmost care will be taken to ensure the sale remains discreet if preferred. All interested parties sign an NDA and then are further qualified as a suitable buyer.
Advertising your business to the appropriate market
Not all Business Brokers are alike. Here at Core Business Brokers, we have a great understanding of the Sydney and NSW area, as well as almost 90 years in operation. This has allowed us to build a network of qualified and interested buyers, as well as a network of like-minded business professionals. Alongside marketing efforts and advertising channels, we will market your business to the appropriate connections. This is done within our database and where appropriate, to the specific industry directly. This gives you a bigger reach and a higher probability of a successful sale.
Sharing their professional network with you
To add to point #2 above, our professional network is an open book to all of our sellers. We have trustworthy Accountants, Solicitors, migration specialists and more, just a phone call away if you need them.
Vetting potential buyers and presenting serious, qualified buyers to you, the seller
If you’ve ever tried to sell your car, you’ll understand the time-saving factor of going through a Broker. When it comes to your business sale, our team of Business Brokers will answer calls, questions and queries until the right buyer is found. Leaving you to run your business and ensure sales are maintained during this critical period. It is our role to navigate through all enquiries, presenting only the most qualified ones to you for review.
Leading negotiations and liaising with all parties necessary
Once a qualified buyer is found, our team of Business Brokers will lead the negotiation process, to achieve the best possible sale price and terms, for your business. We will do our best to keep things on track and on time, from start to settlement.
Guiding you through the legal paperwork
Like any legal transaction, the paperwork can be a confusing stage of the journey. Lucky for you, these documents are dealt with daily here at the Core Business Brokers office. This means, we’re confident to work with your Solicitor and yourself to ensure you understand what you’re signing – and why!
Selling your business can be both a time-consuming and challenging endeavour. Especially for first-time sellers who are new to the process. It is also a very emotional experience and buyers tend to “talk down” the value of the business when negotiating. Therefore, this is where your Business Broker can act as an unemotional negotiator, with your best interests in mind. The role of a Business Broker is to facilitate and lead, provide advice and allow the process to unfold as efficiently as possible. With the right Business Broker on your team, you’ll be in the best position to achieve the best possible sale price.
If you’re thinking about selling your business and are looking for the right Business Broker, look no further than the team at Core Business Brokers, Sydney. Give us a call to book your initial, obligation-free appointment today. Contact us today at (02) 9413 2977, or email [email protected] or [email protected] to learn more.
