Finding A Business Broker To Sell Your Business

Sell Your Florida Business with Russell CohenBy Ft Lauderdale Business Broker Russell Cohen

Planning to sell your business can turn out to be quite tricky and complicated when you are trying to do it on your own. You can hire a business broker and discuss the various pros and cons of selling your business. Timing is important and when you sell your business at the right time, you will be able to secure a handsome profit.

Benefits of hiring a broker Sometimes, certain companies approach you with the intention of purchasing your company from you. A broker is helpful because you will be able to negotiate in a better way. He will also be able to tell you if the competitor is on a fishing expedition – whether he really wants to buy or whether he is just trying to learn the secrets of your business. To sell your business, you need to do a lot of careful planning, have the ability to do complex negotiations, learn to handle financial discussions and finally, lots of luck.

Your broker will also function as a professional appraiser so you can run a full evaluation of what your business is worth. The valuation will help a lot when you name an asking price (it will be mostly market value) for your business. It will lend more credibility to the sale. And once you have an interested buyer, you need to negotiate the sale, prepare the documents, draft them and still look after the daily affairs of your business. You have to let the staff know of the sale and sometimes, it is done in a better way, with the guidance a professional broker.

Getting the documents ready Business formation documents, photos of your business, insurance details, client details, completed financial documents, business licenses and certifications, loan agreements (present), inventory of products and services related to your business and marketing and advertising documents must be prepared with the help of your broker. You must also get the profit and loss statements ready because the buyer will want to see everything in black and white. A final word… When you plan to sell you business, you must do it in a discrete way because if you let the fact known to your family, friends and colleagues, it could hurt your suppliers and vendors. They might immediately cut off any further relations with you; after all, they are only trying to protect their backs.

For more information click on Business Broker Fort Lauderdale

Russell Cohen – Transworld Business Brokers
5101 NW 21st Ave, Suite 300, Fort Lauderdale, FL 33309
Cell: 954-646-7651  –    Office: 754-224-3119

Sell Your Florida Business with Russell Cohen

Sell Your Florida Business with Russell Cohen

Before you decide to sell your business, you owe it to yourself to call The Business Sale Specialists. Our highly professional staff is your guarantee that TRANSWORLD will get you the best possible deal when selling your business.

1) Why do I need a business broker or advisor?

The selling of a business is a very complex process. It involves many aspects that most successful business people are not exposed to in the day- to-day operation of a company. Business owners in general do not have the time or knowledge to recognize and understand the complexities of selling their own business.

During the process, the Seller’s job is to do what he does best, which is to run the business as if he were going to keep it. The Broker’s job is to confidentially market the business, find and screen the Buyers, educate them, negotiate the terms of the sale and provide a buffer for the emotional highs and lows that we all experience.

2) Why should I use TRANSWORLD?

Confidentiality, as well as establishing the right selling price, is crucial to the success of the deal. As a business advisor, TRANSWORLD has the ability to maintain your confidentiality, properly research highly qualified buyers, utilize a worldwide network to advertise your business and establish the right selling price.

Let TRANSWORLD do the work for you. We’ll maximize the selling price of your business. Our goal is always to obtain the best deal for each client.

Our service, dedication and drive is your guarantee that if you are prepared to sell your business, we are ready to sell it for you.

3) How is an offer structured?

Most businesses sell for 50% to 75% down. The remainder is financed by the Seller, by a bank or through family resources. Sellers generally prefer to receive all cash at closing and some Buyers are able and willing to accommodate them. However, Buyers are usually trying to get the most bang for their buck and will want to leverage their down payment into the largest business they can buy.

4) What kind of financing is available?

Seller financing is usually the cheapest and easiest to obtain. It also tells the Buyer that the seller has confidence in the business. There are no loan fees and the interest rate is usually lower than the bank rates, but the term of the loan is often shorter. Seller notes make up the majority of Buyer financing.

5) How long does it take to sell a business?

It usually takes longer to sell a business than a house or a commercial building. Because of the confidential nature of a business sale, a business broker cannot put a For Sale sign on the window. The average time to sell a business is usually between six to eighteen months. However, there are exceptions. Some businesses may sell within a month of being put on the market. Others may take several years to attract the right Buyer. A business broker seeks out and talks to Buyers everyday. The next one may be just right for a particular business.

6) How do you advertise a business for sale?

  • We advertise on the Internet using ten different sites
  • We also advertise in the local newspapers, which still generate daily phonecalls.
  • We place ads in journals and publications that target particular industries.
  • We network with members of trade associations such as the International Business Brokers Association and the Florida Business Brokers Association.
  • We also receive referrals from attorneys, accountants, and real estate professionals.

Call the business sale specialists (954) 646-7651

Russell Cohen – Transworld Business Brokers
5101 NW 21st Ave, Suite 300, Fort Lauderdale, FL 33309
Cell:954-646-7651 – Office: 754-224-3119

South Florida Business Broker – Russell Cohen

Business Broker, Russell Cohen is a Senior Sales agent with Transworld Business Brokers, LLC - 954-646-7651Whether you are looking to buy an additional business, sell your existing business or merge with an existing business, Russell Cohen can assist you in all facets of the transaction. As an industry leader in sales, Russell Cohen can effectively use the Internet, along with other means of advertising, to network with literally hundreds of buyers and sellers throughout the country. This cooperating feature increases your business’s exposure and maximizes your value.

Russell Cohen is a Senior Florida Business Broker Agent with Transworld Business Brokers, LLC with over 19 years of previous sales experience working for 2 Fortune 500 Companies & Transworld Business Brokers. Russell has sold more than 400 businesses worth over 50 million dollars in sales and was Transworld top sales Agent in 2003 and 2006. Russell has led Transworld in the most sold transactions since 2000. Since 2005 no other agent in the state of Florida has sold more businesses then Russell Cohen.

Since 1979, Transworld has specialized in the privately owned business ranging in value from $20,000 to $20 million.

  • Having a full time staff of over 85 licensed professionals with over 2000 business listings and convenient offices in Fort Lauderdale, Miami, Port St. Lucie, West Palm Beach, Orlando and Jacksonville. Experience business brokering at the highest level.
  • Is the largest and most successful business broker firm in Florida.
  • Positioned on many quality websites that feature business sales and merger acquisitions opportunities. Transworld’s internet presence and computerized systems provide access to thousands of financially qualified buyers throughout the U.S. and internationally.
  • Providing each of its owner-clients with a comprehensive Marketing Action Plan that is designed to sell the business for top market value

Call us to see how we can help you buy or sell a business – (954) 646-7651

South Florida Businesses 4 Sale - Russell CohenRussell Cohen
Transworld Business Brokers
5101 NW 21st Ave, Suite 300
Fort Lauderdale, FL 33309
Cell:954-646-7651 – Office: 754-224-3119