BUSINESS BROKERAGE
Why Choose Rochester Business Brokers?
As a business owner, it's very challenging to try and run your business, while concurrently attempting to sell it. But selling an operational business is more efficiently managed by a professional business intermediary. A business broker who is experienced in execution of business transfer and is devoted to the task.
Buying or selling a business demands a high level of expertise, which only a seasoned business broker can provide. Selling a business is not a part-time activity, it takes time, effort and skill. We are the only business brokerage firm in Rochester using a comprehensive 12 Step Process when approaching the sale of your business, to ensure accuracy, value and success. Nothing is ever left to chance.
12 Step Process to Selling a Business
- Prepare Business Valuation
- Prepare Confidential Selling Memorandum
- Prepare the Business Marketing Plan
- Preparation for Buyer Due Diligence
- Designation of Transaction Team
- Transition Planning
- Target Potential Purchaser
- Qualify Target Buyers
- Manage Buyers and Analyze Offers
- Prepare Draft Agreements
- Final Due Diligence and Offer Reconciliation
- Closing Process
We develop a tailored plan and directly market your business through many promotional channels, including multiple websites, our global broker networks which means that you have a powerful network of business brokers working with us to identify the right qualified buyer and direct approach strategies to key personnel in companies seeking acquisition targets. Using our banking and financing contacts to assist the sale, we can work the prospective buyer to arrange favorable financing, including traditional financing, small business loans (SBA) or using non-traditional lender.
Service and Expertise
Nothing is left to chanceFor business owners considering the sale of their company, there are a number of formal process steps to ensure that nothing is left to chance. Each is critical and cannot be rushed to ensure a quality transaction.
Attend a seminar "Preparing your business for sale" We run regular seminars in conjunction with local Chambers of Commerce ...check us for dates of our next scheduled event.
Finding the Best Broker
Check with the IBBA
The International Business Brokers Association® (IBBA) is a non-profit "trade association of business brokers providing education, conferences, professional designations and networking opportunities". IBBA has over 1300 members and provides a professional certification process.Conduct Due Diligence Just as a prospective buyer of your company will exercise due diligence, so should you. Examine your broker's background, experience, and credentials. Most importantly, are they certified by the International Business Brokers Association, a recognized institution worldwide. This will give you the assurance they are true professional brokers.
Find a Specialist A business broker who spends all their time selling businesses will add more value to your sales transaction than a part-time agent. A full-time business broker can not only bring in a network of contacts but has an understanding of the principles of business valuation. Chose a firm who is dedicated to the profession. If your company value may be worth millions, consider merger and acquisition intermediaries.
