Buying a business » Blog Archive » Sell your business to earn Sun – Business Brokers his committee?

Buying a business » Blog Archive » Sell your business to earn Sun – Business Brokers his committee?

July 23, 2010 at 8:32 am | selling a business
- Posted by marketingonline | Add Your Comments

I think very few people really understand how they value the process of buying or selling a company. Although sellers help the value of their business structure, market halls a (confidential) to sell, buyers show their coach companies benefit, purchasers of financial capacity to purchase the company and those who lead most of the negotiations, Our work begins when the buyer makes an offer.

When a buyer makes an offerWe are preparing a purchase contract for his contribution and signature. The agreement is generally seven (7) pages, and includes more than 2005 (25) different clauses dealing with the transaction, all of which will be explained and accepted, not only the buyer but the seller. The seller usually has a couple of days to accept / reject the offer. And if you think this is a simple process, again. Through the trial offer, it may take days if not weeks before a resolutionand interaction with all the clauses in a contract. Now, get in a "Twilight Zone" and imagine going through this process of two foreign nationals who know hardly speak English … Ouchh! And who is in the middle? You guessed it! The Business Broker. Yours.

Most purchase contracts contain two main clauses: a clause of due diligence on the buyer the opportunity to all records, finances, etc. Leave for a period of ten days and up to fifteen years, aLease contingency. Both players are potential switches agreement, the mediator must have control business.

During due diligence, the broker agreement with lawyers and CPA who to ask questions and everything, sometimes funny things. For example, I recently asked before, 50K by a lawyer for a list of 50 things to one test for a due diligence dollar business. I went to him and ask him kindly to leave. Expectations are a bit 'unrealistic. What makesWorking harder is that most company does not keep good records and often are unable to produce the necessary documents. And of course we are dealing with the most feared of all animals: the landlord.

The fees for unforeseen reasons, says that if the buyer can not obtain a lease, all bets are off. As with business owners, the broker, whether for a job or a new opportunity for the buyer. Easy, right? Not really, the buyer must first be approved by the owner el 'The landlord has no motivation nor a transfer or a new opportunity for the buyer, which someone (the seller) to pay the rent. He shares all the risks and gain nothing. So, who negotiates most of the stores? You guessed it again! The agent!

And then we close … But on a blog all by myself. Business Brokers earn a Commission? You tell me!