Frequently Asked Questions
I don't want anyone to know I'm selling, how do you keep it secret?
Every buyer is required to sign a confidentiality agreement, which details his or her legal responsibility in having access to your information. The identity of the business is never disclosed before we have this contract on file. In many cases, we also require the buyer to submit a personal financial statement. This serves the dual purpose of financially pre-qualifying the buyer and discouraging frivolous requests from non-serious buyers.
How long will it take to sell my business?
On average, we find that it takes 6-9 months to sell a business. The confidential nature of the process is one factor that prevents it from happening more quickly. The fact that each business is completely unique and buyers have varying approaches to evaluating a business is another contributing factor. We handle the time and effort involved in selling your business though so that you can stay focused on running your business.
Why should I use a business broker?
First and foremost is confidentiality. You can't very well market your business and not tell buyers who you are.
Secondly, you have a business to run! Preparing the business for sale, preparing information packages, sending marketing packages, arranging for advertising, fielding buyer calls. This all takes a lot of time, time better spent by the owner maintaining or increasing the value of the company.
Thirdly, this is what we do everyday! We have the training and experience to get through this process in the most profitable and efficient way possible.
How do you advertise my business?
This is handled in a blind fashion. By that we mean that your business is described but not identified by name.
Advertising on the Internet is a very effective means for advertising businesses for sale. We utilize a number of the top business transfer websites available in the world.
We also advertise in local newspapers, trade journals, and industry publications.
Our various spheres of influence also come into play in many of our deals. We are members of the International Business Brokers Association (the worlds largest association of business brokers), the Colorado Association of Intermediaries (CABI), the Denver Metro Commercial Association of Realtors (DMCAR), and we receive many referrals from attorneys, accountants, and other real estate professionals.