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Why Choose Business Brokers New York?

Selling a business is not a part-time activity and takes considerable time, effort and skill. As a business owner it would be very challenging to run a business and simutaneously attempt to sell that business. But the truth is that selling an operational business is far more effectively and efficiently managed by a professional business intermediary, who is experienced in executing all aspects of the transaction and is devoted to the task. Therefore, buying or selling a business demands a level of expertise that you should expect from a seasoned BBNY Business Broker.

Service and Expertise

For business owners considering the sale of their company, there are a number of formal process steps to ensure that nothing is left to chance. Each is critical and cannot be rushed to ensure a quality transaction. BBNY's experienced business brokers provide services, as follows:

• Determine market value of the business
• Prepare a comprehensive Confidential Selling Memorandum describing details of your business
• Market to prospective buyers on behalf of the business owner on a confidential basis
• Qualify prospective buyers regarding their financial capability, motivation and and comittment
• Assist the business owner in evaluating offers and negotiating terms of the transaction
• Facilitate the consummation of the transaction in conjunction with the business owners professional advisors

Identifying and Qualifying Prospective Buyers

Buyers come from many walks of life, from individuals to corporate entities. Each buyer will have an agenda and objectives for wanting to acquire your company. For the individual it is owning his own business and is therefore concerend about cash flow and making a living. On the other hand, a private equity group or corporation might have a more strategic interest in the business, perhaps to complement an existing business. The seller must be prepared for all possible buyer types. BBNY brokrs have contacts and experience among a wide variety of buyers and can guide you through the process. Beow are a smale of buyer types:

• Corporate Executives
• Small Group Buyers
• Private Equity Groups
• Public Companies
• Industry Companies
• Synergistic Buyers
• High Net Worth Buyers

Eight Basic Steps to Selling a Business

BBNY has a very formal process to insure that the sellers needs are satisfied and the transacton flows smoothly. Below are the top level steps:

• Provide business owner with a BBNY Confidentiality Agreement
• Collect and examine company financial and historical data
• Assess fair market value of business and terms and structure of the transaction
• Enter into an engagement agreement with the business owner
• Develop and execute the marketing plan
• Qualify Prospective Buyers
• Negotiate buyer offers
• Close transaction in conjunction with business owners professional advisors

The professional Business Brokers at BBNY will develop a tailored plan to promote your business to potential buyers. We directly market your business through a variety of promotional channels, including multiple websites, and global broker networks which means that you have a powerful network of business brokers working with us to find the right buyer.

Our business depends on manitaining confidentiality, so information about your business is only shared under strict non-disclosure provisions with potential buyers in stages as their level of interest grows. Our brokerage firm does not disclose confidential information without a signed Confidentiality Agreement and a buyer application. We work toward a full disclosure with either an Offer to Purchase or a Letter of Intent to Purchase.

In addition, we can assist the prospective buyer to arrange favorable financing using our banking and financing contacts. This includes traditional financing, small business loans (SBA) or using non-traditional lenders. This helps to minimize the amount of seller financing, often a critcal decision for the business owner to make during buyer negotiations.