Pompano Beach, Florida Business Brokers

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 create a document that details pertinent information about your business and notifies potential buyers that your business is for sale. 
  • Marketing: Our business brokers will use a strategy called confidential marketing. This strategy protects your business’ privacy while simultaneously advertising the sale of your business. We place this emphasis on confidentiality so that your competitors or any other stakeholders in your business will not know about your business’ impending sale until you are ready for them to know. 
  • Finding a Buyer: Through the marketing process, we will find potential buyers for your business. Our team of experienced business brokers will then pre-screen these buyers to ensure their sincere interest in your business as well as their financial ability to purchase your business.
  • Negotiations: Once a suitable buyer is found, you will begin negotiating with them. Our team will offer you guidance throughout all negotiations and suggest potential negotiation techniques to ensure that talks continually move forward. The main role of our business brokers in the negotiations phase of the process is to offer advice and to facilitate the negotiation process.
  • Securing Funding: After the negotiations have concluded and a mutually agreed upon deal has been reached, we will help the buyer to secure funding for the purchase of your business. Our business brokers will work alongside other industry professionals such as lawyers and bankers to ensure that the sale of your business is properly financed. 
  • Closing the Sale: We will help you to complete all of the necessary documentation to finalize the sale of your business. We will also advise you on completing any remaining aspects of the agreed upon deal, such as signing a non-compete form or training the new business owner.
With all of these steps completed under the watchful eye of our professional business brokers, you will have successfully completed the sale of your business.

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