Why Business Brokers & Consultants to Help Sell Your Business?
Anyone can claim to be capable of selling your business, but we prefer to let our record speak for itself! We have been helping business buyers and sellers in Metro-Louisville and surrounding areas for over 25 years. To learn more about the businesses we have recently sold, Check out our Done Deals. You can also learn a lot about us from seeing what our previous clients have to say about our services. See Testimonials from our Buyers & Seller’s here.
Your business is the likely to be the biggest investment in your portfolio, not only in terms of money but also in terms of time and sweat equity. It only makes sense to carefully consider the competence, reputation and experience of the business broker you engage to represent it.
We encourage you to look at the history of each broker’s past deals, their specific role in the transaction, testimonials from past clients, and endorsements from other industry professionals. You should also ask whether or not the individual has sold a business like yours in the past. When a broker has worked in similar industries, they understand the nuances involved in licensing and other aspects of the “deal” that may impede its progress. They may also have potential buyers.
Business Brokers & Consultants has closed deals in nearly every industry, specifically in the Louisville-Metro market. In most cases, we have already sold dozens of similar businesses. We are happy to provide personal references from buyers and sellers, lenders, and other professionals who will speak with you directly. We believe the best way to get to know us, is from those who already do.
What Fees Can You Expect?
Business Brokers & Consultants does not charge any up-front fees. We will confidentially meet with you to discuss the current market conditions, your business, your goals and review your Company financials. Based on that meeting, we can provide you with a Value Opinion. Again, this is provided without any cost or obligation.
If you decide to engage us as your Broker, we will enter into a formal Listing Agreement. That Agreement outlines our duties and the terms upon which we are paid. It does not call for any upfront or monthly retainer fees, because we believe that your success is our success! Therefore, we are only paid when the business sells. Our commission or success fee is based on the transaction’s final sale price.
How We Prepare Your Business for Sale
A considerable amount of work goes into preparing your business for market. We have a team of marketing specialist and analysts who will develop a confidential marketing prospectus and other advertising materials before the opportunity is introduced to buyers.
That team is working to do more then just “sell the idea” of buying your business. They are working to gather all the information that will ultimately be required to close the transaction. Providing us with adequate financial information, and helping us understand the nuances of your business is crucial. Often, our Team can help you answer questions and address issues early in the sales process, so they don’t stand in the way of a closing down the road.
We ensure that our clients have their financial statements in order. We then prepare a Confidential Marketing Prospectus to answers the most common and most critical questions serious buyers and lenders will need answered. The prospectus provides information on: how balance sheets and income statements are connected to cash flow; how much working capital is necessary for a smooth transition; the levels of inventory, property, plant, and equipment that are included in the sale; customer base and concentration, and industry norms.
This is just some of the information we gather and keep updated on a regular basis. And it’s just one way we ensure that you remain free to run your business, without a lot of unnecessary interruptions, during the sale process.
How We Advertise your BusinessBusiness Brokers & Consultants
We employ tailored marketing methods to maximizes the odds of an expeditious and mutually advantageous sale; one that benefits buyer and seller alike. In many cases, this involves contacting select, potential buyers ahead of time to gauge their interest. Blind ads, may be used on industry websites, social media and business-for-sale websites. We also manage the process efficiently by qualifying buyers based on expertise, available capital, and their level of commitment. Success in any Business Sale is measured by more then purchase price alone. Many years of experience have proven that pairing the right buyer with the right business naturally results in achieving the highest, equitable sale price in relatively short period of time.
How is the Sale Finalized?Business Brokers & Consultants
Once your business is under contract, think of us as the quarterbacks, constantly coordinating between attorneys, accountants, buyer, seller, lenders and others to keep the deal moving forward.
Our Brokers negotiate terms, training, non-compete and employment agreements, asset allocation, due diligence, and a myriad of other important issues. Meanwhile, we work with a number of specialized lenders in order to help buyers navigate the loan process, as needed. We also coordinate all the real estate matters including real estate purchase agreements, lease negotiations, surveys, and environmental studies. Our team is familiar with licensing for in a number of industries and assists with the process.
Managing the process from LOI or Purchase Agreement to Close is critical. Statistically speaking, this is the time when many deals fall apart, but not so for us! We have extraordinary closing rates. It is very rare for one of our deals to fall apart between Purchase Agreement and Closing. We attribute this directly to the early efforts of our Team who; identify quality businesses, and help those owners prepare for a successful exit, then fully disclose the financial condition and key aspects of the offering to potential buyers. The diligence of our Brokers and their coordination efforts then ensure smooth and timely closings at this critical stage!
Business Brokers & ConsultantsKentucky's Business Brokerage & Advisory Firm
BB&C has specialized in business brokerage and commercial real estate transactions since 1998. We are a regional leader with global influence.
The professionals at BB&C have decades of success in main street and middle market transactions. When you work with our team, you are dealing with industry experts committed to outperforming the competition through personal service and proven methodologies. We have the understanding, tools, and integrity that make the difficult process of buying or selling your business a rewarding experience.
Business Brokers & Consultants does not charge any up-front fees for marketing or consulting in our brokerage transactions. Instead, we earn a success fee only when transaction goes to close.
Come see us at our Louisville offices, phone us, or we will come to you. We’ll tell you more about what we do, and welcome the opportunity to better understand your needs. Everything we discuss is one hundred percent confidential. We offer our Seller Clients free market Opinions of their business. The Opinion will give you an idea of what your business is worth based on its cash flow and the sale of similar businesses nationwide.
If you choose to list your business, we handle all the confidential marketing. A complete marketing prospectus is prepared that’s only shared with qualified buyers under non-disclosure agreement. We use proprietary marketing systems to put your opportunity in front of the right buyers! At the same time, we prequalify the deal with multiple lenders. This ensures that the business goes to a quick close once the perfect buyer is found.
ValuesBusiness Brokers & Consultants
- Relationships
- Confidentiality
- Integrity
- Honesty
- Experience
- Success