Once people are interested in selling or buying a business, it can be challenging to understand where and how to begin the process. We have been in the business brokerage business for over 35 years and have expertise in the industry. As a result, we have answers to all your questions. Take a look at the frequently asked questions list below and if you have more questions, please feel free to reach out to us for any clarification.
We assist in the buyers and sellers in business transactions.
Yes. Business Brokers have the expertise to guide the buyer and seller through every stage of the process. In short, our brokers act as intermediaries and have the knowledge to make each step more efficient and simplified for our clients.
No – We do not charge upfront fees. Our fee is performance-based and we only get paid when a transaction is completed. In other words, when the business is sold and everything is completed.
BIB Group offers guidance on maintaining confidentiality for the seller and the buyer. We qualify all buyers and require confidentiality agreements.
Like any industry, the “Buyers Market” can, and will, fluctuate. There are many different buyer profiles. Some buyers are continually looking for solid investment opportunities to add to their portfolio. Others might be looking for distressed situations. Individual buyers might be looking for the one “Dream-Scenario-Business” that fits their specific, personal skill set. What a seller/owner needs to understand is that unlike selling a residential home or automobile, business buyers are not always plentiful. Therefore, once they find their opportunity, they will usually no longer be a “Buyer candidate.”
Business Investment Brokers are experienced advisors at every stage of the transaction. Likewise, as a broker, we maintain finding qualified prospective buyers and providing confidentiality guidance and agreement forms.
Maintaining confidentiality during a business transaction is critically important and we take this very seriously. Before any information is given to a prospective buyer, the buyer ‘s name will always be shared with seller for approval.
An appraisal is an estimate while a valuation determines the exact value through a formal process. Valuations are provided by educated and experienced brokers that give the appropriate assessment. Therefore, a business seller or buyer has more accurate information about the business with a valuation.
We offer a performance based fee, in other words, we don’t charge a fee unless the sale closes.
Business Brokers can help with the search of the right business to buy that are matched with the right seller. Consequently, we can work with buyers exclusively and find a profitable business through our vast network. Contact us about our Buyer Representation Program.
We consult with buyers and sellers as an intermediary to assist with the facilitation of the final transaction. The goal is to find the right qualified buyer that matches the right seller and business. In short, we have the expertise to lead you through each stage of the process and make certain that everyone involved understands all the details.
A good time to sell a business is when it is still profitable. To clarify, when the economy is doing well then the business will have a better stance at negotiating a fair price.
Business Brokers provide solutions for the buyer and seller for a fee. Secondly, we provide valuations, guidance, search and qualify the right buyer for the business seller. Above all, we guarantee confidentiality.
BIB Group would collect information from you when you register on our site or subscribe to a newsletter, or fill out an inquiry form. When filling out a form on our site, we may require your name, email address and phone number.
BIB Group wound never sell any of your information. We are fully dedicated to protecting our client’s information. We do not sell, trade or otherwise transfer to outside parties your personally identifiable information ever.