Selling a Business
Choose the Right Kansas City Business Brokerage
Your Business Broker Can Guide You Through the Process and Pinpoint the Right Potential Buyers
No two business sellers are alike, so your business broker should listen first and devise a plan that works to achieve your goals second.
From an outsider’s perspective, selling a small business is merely a matter of ways and means—affording a comfortable retirement, reaching a particular milestone, spring boarding to launch a different business, reinvesting in a higher cash flow business, growing your capabilities to better position you for the next opportunity or earning a profit and moving on.
Whether you are a serial entrepreneur or a long-term business owner, you have a vision for your company. You know exactly how it has affected your life so far, and you have an idea of how you want selling your business to affect your future.
Business owners consult a business brokerage for many reasons and during early-, mid- and late-stages of the business cycle. No matter where you fall, it’s a smart move to know your company’s current value and how to maximize that number when the time comes for selling the business.
Apex Business Advisors are here help you navigate the valuation process, increase value and eventually land the perfect buyer when the time comes.
You Have Questions About Selling a Business. Apex Business Advisors Have Answers.
After investing blood, sweat and tears, not to mention funds, in your business, the last thing you want to do is put selling it in the hands of a business broker who doesn’t answer your questions. Your exit plan ideally should be a part of your original business plan. Ideally is the key word, and rarely is this the case. And, even the best laid exit strategies can change over the years.
Selling a business can be a time-consuming and frustrating process. It’s imperative to ask your potential business broker(s) questions that will lay the ground rules for your relationship, and thus cut down on some of that frustration.
Before placing your business assets in any business broker’s hands, asking the following questions is a good place to start.
- How will you market my business?
- How do you protect confidential data associated with my business sale?
- How will you show my business? Will you be a part of the meetings?
- Do you cooperate or partner with other business brokers? Under what conditions?
- How often will you contact me with updates on selling my business?
- Will you market my business for sale on any websites? Which ones?
- Do you have E&O Insurance?
- Are you affiliated with any business brokerage associations or trade groups?
- May I have a sample copy of your listing agreement?
- What will an offer look like? What is the offer process?
- What can you tell me about you and your business brokerage?
Ready to Move on? We’re Ready to Help.
One of the best principles of business is to surround yourself with people smarter than you and trust them to put their expertise to work for your company’s benefit. Whether your heart is set on selling your business or you are just considering your options, talk to our experienced staff.
Let’s answer your questions. Let’s talk about maximizing value and developing your exit strategy soon or down the road. We both have the same goal: to get you the largest return on investment while minimizing your company’s time on the market.
In one free, no-obligation meeting with an Apex Business Advisor, you’ll be able to determine if your plan for selling your business is on the right track. And, more importantly, how to set it straight if it’s not.
Contact one of our advisors today to schedule your consultation.