FAQ Seller Might Ask - bizbrokersusa.com

Some Questions a Seller might ask

How long will it take to sell my business?

Most businesses sell within 6 to 12 months. The overall time frame varies by several factors. The time of year, industry, financing, profitability of the business, and selling price are just a few. The biggest factors are the financial performance of the business and the complexity of the transaction.

How will BizBrokersUSA protect my confidential information?

We make every attempt to carefully screen every prospective buyer. All buyers are required to sign our Non-Disclosure Agreement (NDA) before we provide a company prospectus. In addition, we require a complete financial disclosure from the buyer. We keep the most important “trade secrets” of every business we sell completely confidential. Only at such time at the business is at the closing table do we disclose the truly sensitive information in detail. (For example, the seller of a restaurant may have a favorite soup recipe. The name of the recipe is disclosed however, the buyer only receives the actual recipe at the closing.

How do you calculate the value of my business?

There are many variables (tangible and intangible) that we consider when we calculate the asking price of a business. The most important factor is the financial performance or potential future performance of the business. We take a hard look at the current business model, the profit margins, longevity, growth potential, market demand and many other factors. Contact our office today to see how much your business is worth…no charge. 716-668-6868

What types of Business do you represent?

BizBrokersUSA represents business in all industries. We have years of experience selling convenience stores , medical practices, accounting practices, restaurants, bars, gas stations, candy stores, liquor stores, pizzerias etc. BizBrokersUSA is knowledgeable in all types of businesses. We know how to navigate the complex process of selling a business.

What kind of Listing Agreement does BizBrokersUSA require?

Our fees are based solely on our performance. This means if your business does not sell, you owe us nothing. We pay all the expense of marketing and advertising. We invest a considerable amount of time and money upfront. Since there is no guarantee that we will be paid for our work, we require an exclusive listing agreement. The agreement gives us the necessary time we need to sell the business and outlines the terms of our representation.

If there are no upfront fees, how will BizBrokersUSA be paid?

BizBrokersUSA is only paid for services if we perform. There are no upfront fees and we only get paid after we sell your business.

What will the buyers ask for during the due diligence process?

At such time as the buyer intends to place an offer on your business they may want us to prepare a letter of intent. In other cases, we may receive an initial deposit predicated on the examination of the business. Most buyers ask for three (3) years of financial statements, income tax returns, payroll records, sales tax returns and bank statements. The buyer is entitled to examine all these records.

Why should you retain BizBrokersUSA to sell your business?

BizBrokersUSA Brokers are licensed Brokers. We have a strong financial background and the experience necessary to locate a qualified buyer for your business. Our Broker has degrees in Accounting and Business Management. We are also licensed Real Estate Brokers and Notary Public’s. This education and experience gives our clients a competitive advantage that can’t be matched by any competitor. We are in business just like you. We have personally started, operated and sold businesses of our own and we have the first-hand experience needed to guide you every step of the way. Give us a call today, 716-668-6868.