Provo, Utah Business Brokers

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 exposed to a massive audience of potential buyers.
  
• Inability to sell the business discreetly: When employees, customers or competitors are told that your business is for sale, the value of your business is placed in jeopardy. Most business owners do not realize the danger of selling their business indiscreetly until it is too late. Our business brokers will advise you on the concept of confidential marketing to prevent this common mistake. We will direct you as to when and how to divulge any information.
  
• Inexperience structuring business sales: Most business owners have little to no experience at structuring business sales. As a result, sales are often structured in ways that make financing more difficult or cause tax complications. Deals are also often rejected in the negotiation process simply because they were structured incorrectly. All of these mistakes can be costly. At Morgan & Westfield, our business brokers will advise you on the best ways to potentially structure your deal.
  
• A lack of time to dedicate to selling the business: Selling a business requires a great deal of paperwork, time and attention to detail. Because most business owners are busy running the day-to-day operations of their business, they are unable to devote the necessary amount of time to the task of selling their business. This often impedes the process and leads to costly mistakes. Our business brokers can help you with the paperwork and make sure that the process is always moving forward, thus expediting the sale of your business and saving you money.
  
• An inability to operate and sell the business simultaneously: Business owners who do put the proper attention into selling their business often forget to continue to run their business normally. This results in the business’s daily operations suffering and damages the reputation of the business. It also can cause the business’s value to decrease. At Morgan & Westfield, our business brokers will do the work of selling your business for you, leaving you free to focus on running the business’s daily operations and increasing the company’s value.
  
• A lack of guidance to prevent common mistakes: Because of the average business owner’s (understandable) inexperience at selling businesses, there is a tendency to unknowingly make minor mistakes, which can become costly. But when you have the guidance of our business brokers, we will help you to avoid common mistakes. We will advise you every step of the way and alert you to any errors before they occur.
  

Through the services that our business brokers provide we help you to avoid these errors while reducing the stress of selling your business and helping you to sell your business for a higher price.