Are you trying to sell your business in LA? Then a good business broker may be just the thing you’re looking for. There are tons of brokers out there and while most of them will have similar qualifications, not all of them will be fit to do the job. To make sure you are choosing the right person to work with you should definitely ask some questions and today we are going to talk to you about three really useful ones that you should keep in mind, so definitely keep reading to find out more.
Do they work in an office or from home?
While there is nothing wrong with a person working from home, asking this question is still really important because if the broker you’re considering is working from home that may mean that this isn’t their full-time job. You need someone that will give your listing their full attention and that is more likely to happen when they work from an office. An office is also a much more professional space and much better place for them to meet with any of your potential buyers which will make your business seem much more professional as well.
How do they usually value businesses?
This is a very useful question to ask because it will let you know how experienced the business broker actually is. If they give you a cookie-cutter type of answer to this question then you need to walk out immediately. All businesses are different and an online business will be valued differently from a brick and mortar one, so you need someone that has the experience to properly value your business by looking at it as a single unit and not following a standard equation that may not be the right one for your LA business.
Will they deal with contract preparation or will you need a lawyer?
An experienced broker will be able to draw up important sales documents themselves, but they will also advise you to get a team of lawyers to review the papers before you sign anything. If they don’t know how to draw up these papers and don’t advise you to get a lawyer just to make sure that everything is in order before you sign the paperwork, then you should probably find someone else.
Now that you saw what some really useful questions are, it is time for you to go and put them in action. We are sure that they will find you the perfect business broker to work with in order to sell your business in LA and we really hope you give them a try.