When it comes to selling a business in Colorado, an experienced and successful broker is invaluable to a successful transaction. Selling a business is a significant decision that demands competent representation. The process requires a lot of things to go right and one poor decision or misstep could derail the entire process.
If you are thinking of selling your business someday, it is a wise strategy to be aware of several key factors and their influence on the end result.
Experience Can Make a Difference
Jeff at Business Broker Colorado, “BBC”, has successfully sold business of all types and sizes. He is an expert at getting sellers their maximum sales price in a timely manner. He guides sellers through every step of the process from the initial consultation to the closing table. Selling a business has a lot of moving parts and Jeff has the experience to get deals done.
Finding and Having Buyers Matters
Over many years, “BBC” has accumulated over 31,000 active buyers who are looking to buy a Colorado business. We also create custom lists of potential buyers who have shown interest in a similar business in the past. This custom list gets an email that states ‘you have looked at a similar business in the past and thought you might have an interest in this new listing’. We follow up those emails with phone calls. This is very effective. That combined with our unique marketing which includes the use of video will dramatically boost your chances of getting your business sold for top dollar. You devoted endless hours managing and growing your company. Jeff at Business Broker Colorado can assist you in properly preparing your business for a sale. This will help get you the highest sales price and best terms.
Maximize Sales Price and Best Terms
Jeff has been a business broker for decades and knows how to market your business to get you the highest sales price possible. He understands that it’s not only about price but also about a quick closing, great terms, and the overall experience for the seller. Jeff has a much higher closing percentage than the average broker and has sold many businesses for more than the listing price.
Get the best terms
If you are selling a business in Colorado, finding the right broker will help you maximize both the sales price and terms. Remember that it’s not only about price; it is also important to understand how the sale will unfold—down payment, seller carry, transition, etc.
Jeff Chapman Eisnaugle has the experience to help you with all the above. He is happy to provide references and a free valuation of your company.
Preparing for the Sale
In order to maximize your potential sales price and probability of success, consult first with one of our expert business brokers. We provide every seller with complimentary consulting services. With our skill and expertise, we will provide important guidance to help you prepare to sell a business, not to mention to help you maximize your sales price and increase your chance of success.
Determining the proper market value for your company is absolutely essential to successfully sell a business. “BBC” carefully considers a large number of factors that are unique to each business to give you a free and accurate valuation. 3 years of year-end financials plus the estimated value of the assets is all Jeff needs to get started.
We use a complimentary and detailed business evaluation process to determine fair value for your company. We know it’s important to carefully take a look at a large number of factors to determine the accurate value of a company. Business valuations aren’t just a one-size-fits all process, after all. Keeping this in mind, our Colorado business brokers will not only provide you with a detailed fair market value of your business, but also with an explanation of that value.
At “BBC”, Jeff understands how important it is that once you decide to sell your business that friends, employees, vendors, and competitors do not know you are for sale. He carefully prepares his marketing with the seller’s approval, in a way that he can market your business while keeping the fact that your business is for sale a secret.
Buying a Business
Buying a business will provide an incredible sense of pride and accomplishment – and there’s a good chance that you’ll reap the benefits in return for the effort that you put into the the purchase. This is because purchasing an existing business is a proven path to financial prosperity. Our business brokers will put you in touch with existing businesses that are available for purchase. We can help business buyers find the opportunities that fit their background, goals, and financial strengths. We are often able to show them many options.
Key Factors when Buying a Business
Buying a business is a big decision. It’s hard to find a business that suits your aptitude and background, and is well-established with growth potential. You need a business broker like Jeff at Business Broker Colorado who can act as a knowledgeable and experienced intermediary, introducing you to businesses that are matched to your goals and preferences. This includes consideration of several key factors:
The Right Type of Business for You
A good starting place when looking for a business is understanding what you bring to the table. It’s best to assess your strengths, consider your passions, and seek out opportunities that take the best advantage of your knowledge, skills, and experience. You should also carefully consider what you want and where you hope to be in six months, a year, and even five years.
From there, Jeff will help you to decide whether you’re interested in a franchise or an independent, established business, as there are pros and cons to each. Don’t forget, financing can play a major role, so you need to have some idea of the capital available to you, not only for purchasing a business, but sustaining it during the transition and throughout any early adjustments or upgrades.
Finding the Perfect Fit
Once you’ve established the groundwork for the type of business you’re interested in, it’s time to start looking for the opportunity that presents the right fit. The market to buy a business in Colorado can seem overwhelming, which is why you might need help with your research.
You can easily narrow your choices by the type of business and general location, but you also need to look at what it has to offer in terms of recurring revenues, concentration, trend, profitability, and so on. You should look into why a business owner is selling. Are they struggling in the market or are they looking to capitalize on their success/or just retiring.
Jeff will help you to understand their marketing strategies and whether you can hit the ground running when you take over, or if you need to adjust to improve customer acquisition and retention. You may also want help assessing business patterns, such as seasonal ups and downs.
Buying a business in Colorado is a big decision, and you want to choose the venture that’s right for you. With help from Business Broker Colorado, you’ll enjoy expert guidance and access to a network of eager sellers, so you can find the perfect fit.