Business Brokerage is not commonly understood by most Realtors. Here are some guidelines for selecting a Business Broker and items that need to be considered:

(1)  Speak with the Attorney, Accountant, and Bankers that work with the Business Broker and make sure that you are comfortable with them.(2)  Experience Counts. Background in this area is critical and you need to be comfortable with this. Handling these transactions on a regular basis is a must.(3)  Helping you the value your business. This can only be done with a full understanding of you and your business and the industry that you are in. Ask for industry specific guidelines for your business prior to allowing someone to value it or offer it for sale.(4)  Confidentiality(5)  References(6)  Local Knowledge(7)  Local, National and International Advertising(8)  No sale equals no fee(9)  Buyer Screening(10)  Professional Executive Summary and/or Selling Memorandum(11)  Available Purchase agreements(12)  Prepare Bills of sale and closing statements(13)  Financial Review to prepare a Pro Forma(14)  Experience in preparing Business Plans(15)  Knowledge of Commercial Financing

Proper evaluation of the business and complete due diligence are necessary. Both the buyer and seller need to deal honestly and openly with each other to successfully close and avoid litigation.

Call  Don Wright  772-913-4720

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