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Showing posts from 2017

Learn How to Sell a Business Without a Loan

Are you thinking of selling your small business but the idea of offering seller financing or having it pre-approved for a bank loan is giving you second thoughts? Does a buyer already have his sights set on your business but he doesn’t have the funds to purchase it? Luckily, there is a way to have your cake (sell a business) and eat it too (without debt). Here is the answer: Have the buyer access his retirement funds on a tax-deferred basis to buy your small business. Why would a seller prefer a buyer to use retirement funds to buy his business as opposed to other forms of financing? And why would a buyer consider using retirement funds to buy a business? Ease of access – Buyers can quickly access their retirement funds, whereas obtaining bank financing is costly, time-consuming and difficult. Sellers more readily accept an offer from a buyer who uses retirement funds to buy their business, whereas most sellers are reluctant to accept offers subject to financing du...

West Covina Business Brokers

West Covina Business Brokers Advice for Selling Your Business Aside from offering these services, our business brokers will also provide you with insight into the overall process of selling your business. We will offer advice that will help you avoid any mistakes that may make it more difficult to sell your business. The insider tips that we provide are based on our business brokers ’ years of experience in facilitating business sales and have proven extremely helpful for our clients in the past. Some of the insider tips that our past clients have found particularly helpful include: To maintain your privacy and protect your business, ask everyone involved in the sale of your business to sign a confidentiality agreement. To build a good rapport and make negotiations easier, be as accommodating as possible with potential buyers. To protect the value of your business, sell it discreetly. Do not tell anyone that your business is for sale until a deal...

Wilmington Business Brokers

Wilmington Business Brokers Tips for Selling Your Business In addition to these services, our business brokers also offer advice and support throughout the entire process of selling your business . We make it a point to answer any questions that you may have and offer advice to help you avoid obstacles before you encounter them. One of the ways that we advise you and help you avoid common mistakes is by offering you informative tips along the way. Some common tips that our business brokers give include: Continue Business as Usual : As you go through the process of selling your business, be sure to continue running your business’s daily operations as you normally would. This includes: maintaining inventory levels, maintaining all equipment, keeping a good rapport with customers and employees, and remaining fully engaged in all business activities. Failure to run your business normally as you go through the process of selling it can be detrimental to the value...

Wichita Falls Business Brokers

Wichita Falls Business Brokers Who is Morgan & Westfield The business brokers at the Wichita Falls, Texas office of Morgan & Westfield are members of the highly successful national business brokerage firm Morgan & Westfield. Morgan & Westfield is one of the largest business brokerages in the country. We have an unmatched reputation for providing expert support to business owners and we have a proven track record of success. The business brokers in our firm collectively have more than one hundred years of experience in facilitating business sales. We have facilitated sales for businesses with values ranging from $50,000 to more than $25,000,000. We work with business owners in all industries and we are committed to helping all of our clients to successfully sell their businesses. Our track record of success is evident when you consider all of the following criteria for measuring the success of a business brokerage: We have high closing ratios...

West Palm Beach Business Brokers

West Palm Beach Business Brokers We pride ourselves on working with all types of businesses across various industries including restaurants, manufacturing companies, and law firms. With our proven track record of success, we are committed to leverage on our past successes to assist you in selling your business.  Our Services In addition to confidentially advertising the sale of your business and protecting your privacy, the Morgan & Westfield business brokers could help you via our main services: Business Valuations: Our professional business brokers will perform a business appraisal for you. When the process is complete, we will provide you with a business valuation report to assist you throughout the business selling process and will aid you in pinpointing your business’s fair market value. Offering Memorandum: We will create a report that will be used to communicate pertinent information about your business to serious buyer...

Waterbury, Connecticut Business Brokers

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Waterbury Business Brokers     How Morgan & Westfield Is Different At Morgan & Westfield, our business brokers care about more than just selling your business . We pride ourselves on developing a relationship with you that is based on trust. We believe that our business brokers are able to build a bond with our clients by providing good, old fashioned customer service. You are never asked to sign any contracts with us. At Morgan & Westfield, we do not believe in operating on an exclusive basis or using a contract to force you to use our services. This aspect of Morgan & Westfield sets us apart from most other business brokerage firms. Another key difference between Morgan & Westfield and other business brokerage firms is the way that we structure our fees. Most firms require business owners to sign a contract and will collect a commission when your business is sold. Our business brokers require neither of these things. Instead, w...

Tyler, Texas Business Brokers

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Tyler Business Brokers How Our Business Brokers Can Help At Morgan & Westfield, we understand how challenging it can be to sell your business . The entire process can be stressful, confusing, and overwhelming. This is where a professional broker can help. We can simplify the entire process for you and eliminate the confusion. This is particularly helpful because while you may be selling your business, you are also still running your business. You need to maintain your focus because otherwise, the operations of the business will suffer and the value of your business will decrease. This is the last thing that you want. When you let our team of business brokers do the leg work of selling your business, you can focus on the important task of running it. Selling your business through a business broker is also likely to increase the profit that you receive. In fact, business owners that choose to sell their own business typically end up selling significantly b...

Temecula, California Business Brokers

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Temecula Business Brokers Tips for Selling Your Business Be as cooperative as possible with potential buyers: When presented you with a potential buyer, try to be as cooperative and accommodating as possible. Make an effort to schedule meetings around your potential buyer’s schedule and be open with them. Handling all interactions with your potential buyers in a friendly and cooperative manner will allow them to feel more comfortable and will make the entire negotiation process run more smoothly. Run your business as you normally would: Experience has shown that while our business brokers are handling the technical aspects of selling your business, it is important that you continue to run your business as usual in order to maintain its market value and prevent competitors from gaining market share. Failing to do so could cause your business’s value to decrease, making it significantly harder to sell. Remove inventory or equipment that is broken or that w...

Stockton, California Business Brokers

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Stockton Business Brokers Business Brokers That Are There for You At Morgan & Westfield, we broker business sales full time. We do not engage in other projects or overbook our business brokers. We believe in the importance of good, old-fashioned quality customer service. The services that we offer include: Performing business appraisals and valuations Creation and implementation of a confidential marketing plan Screening potential buyers Negotiation facilitation Securing funding for your business’s sale Performing due diligence Finalizing the sale of your business By only offering these services, our business brokers can focus their energy on helping you sell your businesses and support you throughout the entire process. At Morgan & Westfield, we believe that this emphasis on being there for you as you go through the process is what separates us from other business brokerage firms.  At Morgan & Westf...

South Bend, Indiana Business Brokers

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South Bend Business Brokers   Benefits of Using a Business Broker There are many benefits in using Morgan & Westfield to sell your small business . We offer a confidential service and adhere to International Business Brokers Association (IBBA) ethics at all times. We are happy to discuss your prospective business sale in a free initial consultation. Our team of experts can suggest innovative ways to market and sell your business and draw up a targeted marketing strategy. We will confidentially advertise your business not only in the West Los Angeles County area but throughout the country and also internationally, on business for sale websites. This ensures the widest exposure and will attract the most suitable prospective buyers. Because we are fee-based instead of commission-based like our competitors, we can save you thousands or tens of thousands of dollars. Let us take the stress out of selling your small business. Call us today on (574) 205-...

Santa Maria, California Business Brokers

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Santa Maria Business Brokers The Morgan & Westfield Advantage One of the major advantages of utilizing the services of the Santa Maria office of Morgan & Westfield is that we are not just one local firm, we instead are part of a national firm. As a result, we are able to access vast resources and use them to assist business owners in the local community. Our business brokers have access to a proprietary database containing tens of thousands of potential buyers for your business. All of them have been screened by the Morgan & Westfield team to ensure their financial capability and their sincere interest in buying a business . So, when our business brokers introduce you to a potential buyer, you know that they have been thoroughly pre-screened. Access to this database has another major advantage in that it allows us to expose your business to a vast audience - a much larger audience than most business owners could reach when selling their business pri...

San Mateo, California Business Brokers

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San Mateo Business Brokers How Our Business Brokers Help You Sell Your Business Our team of professional business brokers guides you through every step of the process of selling your business. We understand that selling a business can be complex. Our business brokers work to ease this process by handling the details while working with you as a team to accomplish the big picture task of selling your business. We are there for you every step of the way and answer all of your questions as they arise. Some of the most common questions that we receive from our clients are: What is the value of my business? When I sell my business, what financial statements do I need to provide? How do I protect my privacy? How do I find a buyer for my business? How do I know if a buyer is legitimate? How will the sale of my business be financed? What documentation will I need to finalize the sale of my business? Our team of business brokers...

6 things to do today to prep your business for sale

Too often, the shareholders of businesses wait until they are ready to sell their business to start planning for an exit. However, a lack of planning today may cause you to lose value when you ultimately are ready to go sip margaritas on the beach. Here are six best practices to follow before you want out. 1. Make sure your key employees are incentivized Key managers who are not the sole shareholders of the business can create a huge conflict of interest during a sale and hold shareholders hostage during sale negotiations. Make sure to put in place incentives (like a sale bonus or stock options program) today to avoid eleventh-hour power plays. 2. Establish key advisor relationships early Strong service providers can add substantial value to a sale process- in fact, they should pay for themselves. Create relationships with an experienced accounting firm, lawyer and investment banker or business broker today. And this means advisors with relevant M&A experience, ...

Rochester, Minnesota Business Broker

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Rochester Business Broker What to Expect at Morgan & Westfield At Morgan & Westfield, we pride ourselves on maintaining the highest possible level of service for our clients. But we believe that this commitment requires more than just completing technical tasks for you. This also means maintaining superior ethical standards and providing services that are based on this high standard. As part of this commitment, all of Morgan & Westfield’s business brokers subscribe to a strict code of ethics that is outlined by the International Business Brokers Association. In addition to following this code of ethics, we believe in providing services that are based on honesty, integrity, professionalism, and putting our client’s needs first. By operating in this way, we have established a reputation for being the business brokers that you can trust. This is something that we are very proud of at Morgan & Westfield. And we will continue to do everything in our p...

Richmond, California Business Brokers

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Richmond Business Brokers What to Expect From Our Business Brokers At Morgan & Westfield, our business brokers are dedicated to alleviating your concerns about what to expect when you sell your business. We will guide you through the entire process and answer all of your questions along the way. Our business brokers will be there to offer advice and support from the moment you decide to sell your business until the closing of the sale. We will make sure that you are fully aware of what to expect at all times. When you enlist the assistance of the experienced business brokers of Morgan & Westfield, you will be working with business brokers that you can trust. The way we conduct ourselves is one of the things that our past clients have most appreciated about working with us. Our business brokers pride themselves on providing you with: Reliable Service: We are dedicated to providing you with quality service at all times. We will always be there to a...

San Bernardino, California Business Brokers

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San Bernardino Business Brokers Why You Need a Business Broker At Morgan & Westfield, our team of professional business brokers has one focus: to make the sale of your business as easy and stress-free as possible. With our many years of experience, we understand every aspect of the process of selling a business. We understand how stressful it is for a business owner to sell the business that they have worked so hard to build. We are aware of how challenging it can be to advertise the sale without your competitors becoming aware of it and using it as an opportunity to gain market share. We understand how difficult it can be to find a buyer and how nerve-racking negotiations with potential buyers can be. We even know how overwhelming it can feel to fill out all of the paperwork involved in selling a business. But helping you to complete all of these tasks is what we are here for. It is our job to guide you through the sale process and make it as easy as possi...

Pueblo, Colorado, Business Brokers

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Pueblo Business Brokers Keys to Successfully Selling Your Business Provide potential buyers with detailed information: At Morgan & Westfield, we always recommend that you have your business’s information prepared before you begin the process of selling your business. This information is crucial to the process of selling your business and it must be accurate. Detailed financial information, historical records, statistics and product information will be used by our business brokers as we appraise your business and help you to determine the financial value of your business. Some of this information will also need to be communicated to potential buyers to assure them that your business is a sound investment. Protect your privacy: As you are selling your business , it is important that steps are taken to maintain your privacy. At Morgan & Westfield, we consider maintaining your privacy to be of the upmost importance. All of the information that we...

Provo, Utah Business Brokers

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Provo Business Brokers Sell Your Business for a Higher Price With Morgan & Westfield Also, consider the financial incentive to selling your business through a professional business broker: The fact is, the majority of business owners who choose to sell their business independently end up selling for below market value. This occurs for many reasons. A lack of experience for most business owners in this area represents a contributing factor to this trend. Other reasons why businesses sell for less when they are sold privately include: Lack of exposure to potential buyers: Most business owners do not have the resources to market their business to a large audience of potential buyers. This limited exposure results in fewer offers from buyers and makes selling your business more difficult. At Morgan & Westfield, we have access to a national database of more than 10,000 potential buyers. This ensures that, when working with us, your business will be exp...

Pompano Beach, Florida Business Brokers

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Pompano Beach Business Brokers   What to Expect When We Facilitate the Sale of Your Business When you decide to sell your business , the process can feel overwhelming. Chances are that you have never sold a business before and you may not be sure what to expect. The truth is that process of selling your business can be complicated, but generally, it follows a clear series of steps. The job of our business brokers is to guide you through this process. Normally, the process of selling a business follows these steps: Business Appraisal: In order to determine the asking price for your business, it will need to undergo a formal business appraisal. The business brokers at Morgan & Westfield will complete this appraisal and provide you with a formal business valuation report. This report can then be used to show potential buyers the value of your company and to help you determine your asking price. Offering Document: Our business brokers will crea...

Peoria, Illinois Business Brokers

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Peoria Business Brokers Helping You to Sell Your Business At the Peoria, Illinois, office of Morgan & Westfield, our business brokers provide several services that are designed to handle the technical aspects of selling your business for you. Some of the services that we provide include: Business Appraisals Marketing Services Assistance Finding a Suitable Buyer Buyer Screening Negotiation Facilitation Deal Structuring Advice Assistance Closing the Deal Assistance with Paperwork Associated with the Business’s Sale Along with these more technical services, our business brokers will also be there to guide you through the process of selling your business. We will answer any questions that you may have and offer advice to help you avoid common mistakes. Our team will also be there to assist you in overcoming any unexpected obstacles that may arise. At Morgan & Westfield, we guarantee that our business brokers wil...

Palm Bay, Florida Business Brokers

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Palm Bay Business Brokers   What is Important to Morgan & Westfield Our business brokers care about much more than just selling your business. We truly care about our clients and making sure that they receive the best possible service. To do this we must consider far more than just the technical aspects of selling your business. We must consider the stress involved in selling the business that you have worked so hard to build, the unique challenges you may be facing, and the need to protect you throughout the process of selling your business. Because we make it our business to be aware of these things, we take steps to address each of these issues. We work hard to facilitate the sale of your business in a way that ensures the process will go as smoothly as possible. We utilize our local experience to understand the specific challenges that you may be facing. And our business brokers go the extra mile to protect you at all times. Our business broker...

Odessa, Texas Business Brokers

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Odessa Business Broker   Common Questions About Selling Your Business As part of our process of helping you to sell your business , we make it a point to be there for you at all times and to answer all of your questions. We understand that selling a business can be confusing, and your specific situation may have some complicating factors. At Morgan & Westfield, we have found that there are many questions that are especially common among business sellers. Some of the most common questions that our business brokers have answered include: How long will it take to sell my business? This varies based on many factors, including the type of business, your business’s condition, your asking price and the current market. But it generally takes six months to a year. Although it can take more or less time depending on your specific situation. Why should I use a business broker? You should always use a professional business broker because they make the ...

Billings, Montana Business Brokers

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Billings Business Brokers If you are selling a business in or around Yellowstone County, Montana, then contact the Billings, Montana, office of Morgan & Westfield today. Our business brokers will schedule a free initial consultation with you. At this meeting, we will go through the process of selling your business and explain how our experienced brokers will guide you through every step of the journey. We will explain in depth all of the services that we offer and discuss how each service is used to further the sale of your business. Our business brokers will also explain how we will use our unique blend of national resources and local connections to ensure the successful sale of your business. If you are selling a business in this region of Montana, then contact the business brokers at Morgan & Westfield’s Billings, Montana, office today.

Manchester, New Hampshire Business Brokers

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Manchester Business Brokers   Services Provided by Morgan & Westfield Our business brokers provide a variety of services that are designed to facilitate the sale of your business. We handle all of the details and technical aspects of selling your business for you. Services that we provide include: Business appraisals and valuations Creating business summaries Marketing and advertising your business Screening potential buyers Facilitating negotiations Providing advice on deal structuring options Assistance with completing all documentation Assistance with financing the sale Expert support throughout the entire process These services are designed to continually move the process of selling your business forward. We handle the aspects of selling a business that many people find most challenging. Making it easier for you to sell your business while continually moving the process forward is the primary goal ...

Lowell, Massachusetts, Business Brokers

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Lowell Business Brokers   Our Services At Morgan & Westfield, we provide services that are designed to facilitate the successful sale of any business. However, we do not believe in taking a one-size-fits-all approach. So we allow clients to choose which services they want to utilize. Offering you the option to choose the services that fit your unique situation helps you save money and allows our business brokers to understand how to serve you better. We believe that providing you with a customized set of services that will best suit your needs also allows our team to provide you with a higher quality of service. Our list of services includes: Business Valuations: Our business brokers will perform an appraisal of your business. We will go through your business’s financial records, inventory, assets and other information to create a formal business valuation report. This report will then be used throughout the process of selling your business . ...

Las Cruces, New Mexico Business Brokers

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Las Cruces Business Brokers How Morgan & Westfield is Different We are so passionate about helping you to get the best possible price out of selling your business that we choose to operate differently from most other business brokerages. We do not ask our clients to sign a listing agreement or any other type of long-term contract. We also do not work on a commission basis. This is because we believe that when our clients sell their businesses that they have given everything to over the years, they should be able to keep as much of the profits as possible. So, instead of working for a commission, we charge preset fees for our services. These fees are all discussed upfront, so there are never any surprises. We have found that operating in this way saves our clients money. In most instances, it saves our clients tens of thousands or even hundreds of thousands of dollars. Another major difference with our approach is that we allow you to choose which of our s...

Lansing, Michigan Business Brokers

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Lansing Business Brokers Business Brokers You Can Trust Morgan & Westfield is one of the largest and most successful business brokerage firms in the country. We have offices throughout the United States that, collectively, facilitate more than a thousand business sales every year. There are many factors that have contributed to our success, but the driving cause is our dedication to serving our clients. We believe that providing quality service that is built on trust and dedication is key. In an effort to prove how dedicated we are to earning your trust, our business brokers do something that is uncommon among most business brokerage firms; we do not ask you to sign a contract. Contracts can force you to do things that you do not necessarily want to do or that are not in your best interest. Our business brokers do not believe in operating this way. Instead, we choose to earn your business by continually providing you with an unmatched level of service. Nei...

Greensboro, North Carolina, Business Brokers

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Greensboro Business Brokers What Our Business Brokers Do Our business brokers will guide you through the entire process of selling your business and help you overcome any challenges you face along the way. We will advise you throughout the process to help you to avoid any obstacles before they arise. In addition to this guidance, we also provide the following services: Business Valuations: Our experienced business brokers will go through your business’s financial records and analyze all aspects of your business’s operations as part of a formal business appraisal. This will allow us to determine the value of your business and assist us in helping you to determine an asking price for your business. Exit Strategy Planning: Regardless of when you may be thinking of selling your business, our exit strategy planning services can help. Our business brokers recommend that all business owners begin planning their exit strategy as early as possible. Using our ...