Selling or buying a business in Orlando can be exhausting if attempted on your own. Many business owners and buyers opt to work with a business broker in Orlando to help them manage the process and obtain the best results. But not all brokers are created equal. In many cases, finding the right broker to work with you can be even more important than hiring a broker at all.
Finding the best Orlando broker to sell a business or help you buy a business takes a little bit of upfront work on you part, but that work will definitely pay off. Here are three tips to help you get started with choosing a business broker in Orlando.
Choosing Your Business Broker In Orlando
1. Experience. Of course you’ll want to work with a broker who is experienced in helping put buyers and sellers together, but dig a little deeper to find out exactly what that experience entails. The right broker will understand your business and have experience buying and selling properties of equal size. You may even want to find a broker who has been a business owner him or herself to gain that extra insight and understanding they can bring to the process.
2. Resources. Always ask about the broker’s resources to make sure they can handle the additional workload your listing or search will bring. Don’t be afraid to ask how many businesses they’ve sold in the last year. When you do, be sure to find out how many were their own listings as opposed to other brokers’ listings. A good broker will be open to selling their own listings and others equally. This is good news for you since it means they’re more concerned about finding the right match for you than they are about moving their own listings.
3. Services. Find out what services the broker provides and determine whether or not they meet your needs. Some business owners are content to do a lot of the legwork themselves, others want to hand off the listing to the broker so they can concentrate on running the business while it’s listed. Ask about how and where they plan to advertise the business and if they will handle getting all of the paperwork and documentation in order. Pay attention to how responsive the broker is to you. Things can move quickly in business sales, you want timely responses so you don’t miss out on a great opportunity.
Contact Crowne Atlantic Business Brokers For Help Selling Or Buying A Business In Florida
Crowne Atlantic Business Brokers works with business buyers and sellers across the State of Florida. Contact us at 407-478-4101 to speak to one of our expert business brokers about buying or selling your business.