The great thing about Florida is Business Brokers must also be licensed real estate agents. Most know how to sell both a business and real estate. As a former small business owner who has bought and sold my own businesses, adding real estate skills is quite easy. However, be wary of real estate agents focused on selling real estate trying to sell businesses as a side. The process is very different and if not done confidentially, mistakes can cost you a lot of money, possibly even the solvency of your business.
"While I have benefited greatly from the services of real estate agents for the sale of personal and commercial properties, I would never use one to broker the sale of my business. Here’s why and some ideas for alternative approaches.
If you are selling your business and your business includes a real estate asset or assets, by all means, use a real estate agent for those transactions. I have done several real estate transactions over the years and in 100 per cent of the cases, the real agents I dealt with added tremendous value and an obvious return on investment from their commissions and fees."
Read more at:
Why you shouldn’t hire a real estate agent to sell your business - The Globe and Mail:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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