How do I find a business broker for selling a business?
tabb1999 asked:
I’m entering year five of a small business I’ve started. Gross sales $250K in 2009, net cash flow about $75K. Provable top 5 in the market. Startup plan was to sell after five years and I’m itching to move on to the next project. I’m an entrepreneur, not a manager, and I’m ready to start planning my exit strategy. There are plenty of people who want to list the business, but how do I find the one who will maximize the value to me without leaving me personally exposed if the business fails to thrive under the new management? What questions do I need ask potential brokers to help me find “the one”? Please don’t take this as an opportunity to solicit or to make specific recommendations of brokers.
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I’m entering year five of a small business I’ve started. Gross sales $250K in 2009, net cash flow about $75K. Provable top 5 in the market. Startup plan was to sell after five years and I’m itching to move on to the next project. I’m an entrepreneur, not a manager, and I’m ready to start planning my exit strategy. There are plenty of people who want to list the business, but how do I find the one who will maximize the value to me without leaving me personally exposed if the business fails to thrive under the new management? What questions do I need ask potential brokers to help me find “the one”? Please don’t take this as an opportunity to solicit or to make specific recommendations of brokers.
February 18th, 2010 at 6:07 am
Here’s a question for your potential broker:
Please give me the contact information for five people who are happy your brokered their businesses. Hanzie
February 18th, 2010 at 8:16 pm
Contact your local/city chamber of commerce and ask if they can help you find a broker Fernando