When it's time to consider selling your BUSINESS, consider the following:
Your Business may be the largest asset you own and may represent a high percentage of your net worth and hard earned dollars, therefore, its packaging, marketing & confidential selling process should not be entered into casually!
That’s Where We Can Help
The sale of your business should be handled by a MABIA broker member who is an experienced & professional broker and one who subscribes to the MABIA Code of Ethics.
Confidentiality and discretion are of the utmost importance to most sellers and MABIA member brokers do their best at all times to respect and maintain the confidential nature of the transaction.
MABIA has many member brokers who collectively have sold hundreds if not thousands of businesses and have the experience and knowledge gained from selling businesses in nearly every industry.
MABIA Members are well aware of local market values and will help you arrive at the best price range for your particular business. MABIA has the largest Business Broker network in the region to give you wide exposure on a confidential basis to market your business.
MABIA Members work with potential buyers (customers) on a regular basis and will assist buyers in arranging financing with an SBA loan where applicable, or help structure the deal with owner financing. Assistance with the negotiation of contracts, lease assignments, etc. is what we as business brokers do on a regular basis.
BUYING A BUSINESS!
A MABIA member broker has access to listings of other MABIA member brokers as well as those listed by their office.
What To Buy
The broker will learn about you and what you are looking for and select businesses to show you that fit your skills, aptitudes and financial capabilities.
A completed Personal Financial Statement will help the broker find businesses that you are likely to be able to afford. You will first look at “blind profiles” that describe the businesses without specifically identifying them. If a business interests you, a Buyer Confidentiality Agreement will be required to make sure you agree to keep confidential the identity of the business for sale and financial and other information you receive regarding the business.
When you find a business that you want to buy, your broker or an attorney will help you prepare an offer to purchase. The offer to purchase may have contingencies - such as a due diligence clause that gives you an opportunity to review the information and financials to ascertain their accuracy. When all the contingencies are removed, the closing of the sale can take place.
Your MABIA member broker guides this process and is involved in the negotiations, the communications between the seller and the buyer through the due diligence process, obtaining lease assignments, and works with the Attorneys, CPAs and other parties who are involved in the transaction to successfully close the sale.
