With the proliferation of business listing websites, it’s become much easier to find businesses for sale. Because of this, some first-time buyers assume there’s little need to hire a business broker when buying a business.
That can be a serious mistake. While these websites have made it easier to find businesses for sale, the confidential nature of business sales keeps many of the best listings hidden from public view. Additionally, finding and buying a business remains a tricky, complicated process, particularly for first-time buyers.
Without a broker, you may struggle to find the right fit. And even if you do, you might have trouble closing the deal. So, before you start to look for businesses for sale, here’s why it’s a smart idea to hire a business broker.
How Our Business Brokers Will Help You Find Businesses for Sale
We’ll Help You Understand What to Look For
A number of business buyers know what they want out of a business. But when they’re looking at businesses for sale, they’re not sure what look for in a business to make that happen.
At Murphy Business, our brokers are experts at determining what businesses have to offer, and how to read business listings to gather this information. So, when buyers need assistance finding businesses for sale, we know what to look for.
At the same time, we can use our experience from other transactions to help uncertain buyers narrow down their list of options. Based on your situation, skills, interests, and resources, we can recommend which types of businesses will be the best fit for your needs.
We’ll Help You Find Higher Quality Listings
When you’re searching for business listings on your own, you’ll face a number of hurdles. First, you might not know where to find the kind of listings you’re looking for. Second, you won’t have access to some of the top listing networks. Third, you’ll be less efficient than a broker, which means you’ll find fewer listings in the same amount of time.
By hiring a business broker to find businesses for sale, you can find better listings than if you were searching independently. Brokers will know where to look, will have access to industry networks, and can leverage their skills to find top listings in a shorter period of time.
We’ll Help You Avoid Easy-to-Make Mistakes
Buying a business is a tricky and expensive process. Unfortunately, it’s all too easy for buyers to make unforced errors and mistakes. Here are just a few examples:
- Missing telltale warning signs of a high-risk business listing
- Accidental confidentiality breaches before a business is sold
- Procedural mistakes in financial or legal paperwork
With a business broker, you won’t run the risk of deeply expensive but easily made mistakes. An experienced broker will know which pitfalls to avoid. At the same time, they’ll have a proven system to ensure that I’s all get dotted and that T’s get all crossed.
We’ll Help You Negotiate and Close the Sale
A business broker won’t just help you find businesses for sale. They’ll also help you negotiate terms of sale and close the transaction.
Brokers have experience on both sides of business sales, so they know how to accommodate any specific concerns or requests from business sellers. If you hit a roadblock during negotiations, a broker can often find a workaround well-suited to both parties.
Hiring a business broker can also refer you to legal and financial specialists that you’ll need when purchasing a business. They can also help you acquire purchase financing, through referrals to traditional sources or through an SBA loan.
We’ll Save You Time, Effort, and Stress
Finding businesses for sale takes less time, less effort, and less stress with a business broker’s assistance.
On your own, you’d spend who-knows-how-many hours going through listings. That’s time and energy that you could direct to other pursuits.
At the same time, searching for businesses for sale can be a deeply stressful process. Without a broker’s expertise to rely on, you may worry about settling for a less-than-perfect business. Or you might fret about making small mistakes with big costs.
With an experienced business broker, these concerns fade into the background. By conducting the legwork of your search, a broker will spare you the time and effort that it takes to find great businesses for sale. At the same time, you’ll enjoy peace of mind, knowing that your search is being conducted by an experienced expert.
Start searching for businesses for sale with an experienced business broker! Call (727) 725-7090 to connect with your local Murphy Business office.