Raleigh Business Brokers
We Sell Raleigh's Largest And
Most Profitable Businesses
Raleigh Business Brokers
We Sell Raleigh's Largest And
Most Profitable Businesses
We Sell Raleigh's Largest And
Most Profitable Businesses
We Sell Raleigh's Largest And
Most Profitable Businesses
Starting a business is a headache, but it's nothing compared to selling it. The answer to the question of whether do i need a business broker to sell my business will be an unequivocal yes. But it won't be easy to broker yourself either.
To sell your business, a broker will have to accomplish four main tasks. How effectively he or she handles them will determine the outcome of the transaction and your profit. What are these tasks? Their enumeration looks like this:
Buying and selling a business isn't like going to the store; here, buyers rarely try something they don't understand. In order for an internet business broker to negotiate in the way you want, he or she will have to research your company and piece together its advantages over others. Every dollar in the price has to be justified.
This is the most difficult of all processes - finding people willing to give their money for your idea. This is where the first major advantage of working with a business broker comes into play - these professionals usually have a whole catalog of entrepreneurs willing to put up the money. Some even offer automated businesses for sale. If you want to sell your business without a broker, I recommend patience, because it will take a long time to find a buyer.
Two tasks for a specialist, what is difficult? How do I find a broker to sell my business? In fact, the chosen broker should not only know everything about deals, but also understand the niche in which the business is operating. It was not easy to find such a diamond, but I found just such a diamond on the broker's website.
Looking at the tasks I had in mind for the broker, it is easy to guess that I approached the search for a broker thoroughly. I wish you to do the same, because otherwise you will not be able to get the desired amount of money for your business. As for the points that will help you decide how to pick a broker to work for with, do the following:
The first step to successfully selling a business is to do your research. Don't be in a hurry to choose the first broker you see. It's important to find one that specializes specifically in your industry. Pay attention to reviews from other entrepreneurs who have already worked with brokers. You can also ask acquaintances or colleagues for recommendations. There are plenty of forums and platforms on the internet where people share their experiences with brokers, this will help you make the right choice.
Another important criterion is the experience and reputation of the broker. Check his licenses and certificates, find out how many years he has been selling my small business. It is also important to look at his portfolio - what businesses he has already sold and at what prices. This will give you an idea of how successful his previous deals have been and how much he can help you.
Before you sign a contract with a broker, be sure to compare his terms and conditions with those of other brokers. Clarify the percentage of commission he will take from the sale of your business. Some brokers take a fixed percentage, while others take a percentage of the transaction amount. It is also important to find a good broker out what is included in the cost of his services. Some offer promotion of your business, marketing campaigns, etc. You need to choose the one whose terms are the most favorable and meet your needs.
Don't hesitate to seek consultation from more than one broker. They usually hold free consultations where you can ask all your questions and talk about your business. This way, you can get a better idea of how the broker is going to sell your business and how successful they can be in doing so.
Finally, listen to your gut instinct. Choosing a broker is a big decision and you need to trust the person who will be medium business for sale. If you have any doubts or uncomfortable feelings, it is better to refuse to cooperate and continue your search.
After several online meetings, the broker developed a marketing strategy and started actively promoting my business to potential buyers. I was pleasantly surprised at how widespread my business was among the interested parties. Our listings were placed on various platforms and there were many inquiries from potential buyers.
After a while, we started receiving offers and the broker professionally negotiated with the buyers. He skillfully highlighted the benefits of my business and answered all questions skillfully. I was pleasantly surprised by his skills and the energy he put into sell large businesses.
In the end, due to his efforts, my business was successfully sold for the maximum price. I was glad I chose this particular broker and can definitely recommend him to other entrepreneurs looking to sell their business.
Since 1979 Transworld Business Advisors has been helping business owners confidentially and successfully sell their business. Our business brokers are responsible for selling the Triangle's largest and most profitable businesses. We are frequently rated as one of the best business brokers in Raleigh.
For 40 years we have helped business owners with honesty, professionalism and good old-fashioned hard work. For many business owners, the sale of their business is the most significant financial decision that they will make in their lifetime. Our team of advisors is seasoned professionals that will take the time to listen knowing that no two businesses are ever alike!
Independently Ranked #1 by IBISWorld!
Founded in 1971, IBISWorld provides trusted industry research on thousands of industries worldwide. IBISWorld's in-house analysts leverage economic, demographic and market data, then add analytical and forward-looking insight, to help organizations of all types make better business decisions
Transworld Business Advisors has been trusted to sell many of Raleigh's largest and most profitable businesses. We hope that you will take a minute or two to read what many of our clients have to say about our professional services. Our business brokers Raleigh consider it a great honor and privilege to serve our community.
There are different methods for determining the valuation of a business. Want to learn the steps to determine the valuation of your business? While there are many businesses for sale in the Raleigh metro market, it is the ones with accurate business valuations that sell.
A business owner can't put a "FOR SALE" sign on their front door when they decide to sell their business. Business owners trust the professional services of Transworld Business Advisors to lead them through the confidential business sales process.
Knowing the value of your business is the first and best step to take when considering the sale of your business. Many business owners that we meet with have somewhere between 80-90% of their personal net worth tied up in one asset: the company they own.
What is the true value of your business? Valuation is the number one question of all business owners when contemplating a sale of their business. Unfortunately, there is not an easy answer, and, more confusing, there are probably several answers. Why? Because business valuation is an art, not a science.
No two businesses that we represent are alike. Our team of professionals compiles a 15-20 page executive summary that highlights the positive distinctions of each business that we represent. Our business executive summary is what buyers receive after they have signed a nondisclosure agreement and a buyer's profile.
Business owners deserve top-price for their business and they can't simply hang a "For Sale" sign on their front door. Our business brokers have the required experience for selling businesses of any industry. Our team brings offers from vetted buyers only after they sign confidentiality and buyer profile forms.
Main Street businesses are typically valued at less than $1,000,000. Main Street businesses are typically locally-owned and the likely buyer is generally local, as well. There are no business sales too small for our team of Raleigh business Advisors.
Firms that are grouped under the lower middle market category realize an annual revenue that ranges from $5 million to $50 million. Businesses that are in this group usually receive more offers from investors with an interest in purchasing.
Firms that are grouped under the upper-middle market category realize an annual revenue that ranges from $50 million to $500 million. Transworld Business Advisors has a dedicated team that focuses solely on our middle-market businesses sales.
As you begin this journey, I am hopeful that this article will help guide you, challenge a few misconceptions, encourage your dreams and help make business ownership a dream come true. Remember that buying an existing business has one huge benefit by allowing you to receive a paycheck on day one of ownership.
Calvin Coolidge once said, “The business of the American people is business”.
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Selling a business is perhaps the single largest financial decision that an individual will make during their lifetime. A lifetime of sweat equity, sacrifice, personal investment, strife, competition, and down-turns in the market have all taken their toll. Regardless of the reason(s), the business owner knows best when the right time is to sell their business. There are many motivations for a business owner wanting to sell.
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The process of searching for a business can be confusing and mind-numbing. With so many businesses to choose from and price variances, how do you find the needle in the haystack? You may purchase one to three businesses in your life whereas your business broker does 30-40 transactions every year. A mentor is someone who has been where you have not been and they have done what you have not done.
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Asking Price: $6,000,000
SDE: $3,673,000
Reason For Sale: Retirement
Asking Price: $3,205,000
SDE: $995,000
Reason For Sale: Retirement
Asking Price: $1,305,000
SDE: $425,000
Reason For Sale: Retirement
Asking Price: $850,000
SDE: $300,000+
Reason For Sale: Retirement
While you may have 5-10 potential buyers, a professional business broker will have hundreds. Their marketing strategies have been shaped by decades of completed business sales.
Very few people are interested in buying a business in decline. Having a business broker representing your business sale will allow you to focus on your continued business growth.
Selling a business is extremely difficult. Someone has to manage buyers, lenders, attorneys, accountants and sellers expectations. Business sales collapse due to mismanagement.
Potential buyers need to be vetted. There are a lot of tire-kickers in business sales and your business broker will help by qualifying buyers for the purchase of your business.
It is extremely difficult for business owners to keep things confidential if they are the ones marketing their business. Confidentiality is of the utmost importance in business sales!
The ultimate goal is to close the deal so that the seller and buyer consider it a win. Business owners deserved to be paid well for the sacrifices, their investments, and hard work!
Our Raleigh NC business advisors strive to stay in communication with our clients. Have a question about how we can match your specific needs? Send us a message, or give us a call. We're always happy to meet new clients.
4509 Creedmoor Road, Suite 201, Raleigh, North Carolina 27612, United States
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TRANSWORLD BUSINESS ADVISORS
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