08/12/2024
Selling your business? Why Use an Intermediary to Sell a Business?
🔒 Confidentiality
An owner could experience disastrous results by “leaking” that the business is for sale. Employees, customers, suppliers, and competitors’ relationships could be damaged, causing an adverse condition hurting the potential sale. An intermediary will preserve the confidentiality of the selling company during the process of marketing the business and collaborating with buyers and only share information on a “need to know” basis.
💼 Advisory
The business owner is an expert at running the business but may not be as knowledgeable about the selling process. An intermediary will provide the business owner with strategic information regarding market timing, market conditions, market price, financing options, structuring the transaction, and other information that is advantageous to the owner.
⏳ Facilitator
Procrastination and delay are critical factors when structuring a deal. Therefore, an intermediary will continually move the process forward with qualified buyers, financing resources, and ancillary associations to the deal, such as CPAs and Attorneys. An intermediary is in a better position to perform this function than the owner as he/she is focused on the life cycle of the deal. The owner will be allowed to focus on operating a profitable business.
🤝 Negotiations
Selling a business is often emotional for the business owner. An intermediary will act on behalf of the owner and establish a strong negotiating position without compromising the goodwill and relationship between the principal parties. An intermediary will increase the opportunity to receive “the best price” for the business.
🔗 Resources
An intermediary is a skilled professional in the mergers & acquisition world and has established relationships with many professional organizations required to complete the transfer of ownership. These relationships will prove to be extremely beneficial to the business owner.
Ready to get started? Contact me today!
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