Choosing the right business broker can make all the difference in obtaining your best price and a quick sale when selling your business. Learn more about finding the best Business Broker and / or contact a Business Broker in Auckland, Wellington, Christchurch or another district below.
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Should I use a business broker?
Generally, using a business broker is a good idea because they understand the market and the selling process, and can help you get the best price. An experienced business broker will use a number of marketing initiatives to reach potential buyers. They will help compile sales documents, manage the confidentiality and assist in setting a realistic price using a number of valuation methodologies. They will also manage the process allowing you to focus on running your business. For more on why use a business broker.
How do I find the best business broker?
Referrals from friends or business associates is a good place to start. Find a broker that has a sound reputation, and has a current and qualified database. They should understand the market, and know how to reach potential buyers of your business - find out how much their marketing spend is and where and how they will promote your business. It is a good idea to visit several reputable business brokers to gain a complete picture of services available. Read more on finding a competent business broker.
How much does a business broker charge in NZ?
Fees: Often there is a marketing cost contribution. The cost of this can range from a few hundred dollars to thousands depending on the target market and type of business. There are also success fees which are typically in the range from 5 - 10%. This can vary depending on the size of the transaction, the business broker and brokerage company, and the location. In New Zealand this is typically around 5% - 6%, often with a minimum fee of $10,000 - $20,000.
What is the role of a business broker?
A business broker acts as an intermediary between the business buyer and the seller, and is skilled in helping you with the successful sale of your businesses. They advise on preparing your business for sale, devise a marketing plan, and run the advertising programme. They help set a realistic price, compile the necessary documents, manage confidentiality issues, and help screen buyers. They then handle and negotiate the technical aspects of the sale.
What are the benefits of using a business broker?
Why use a broker? There are a number of advantages in using an experienced business broker. A professional business broker will be trained and experienced at valuing businesses. They will know how best to present and market your business to attract the right buyers. They will ensure its confidentiality and qualify potential buyers. Once they have a buyer they will help you negotiate the best terms, and work to bring your sale to a successful close. This allows you to get on with doing what you know best - running your business.
12 Questions to ask a Business Broker
Know a top broker? We are interested in talking to professional, experienced Business Brokers that offer a high level of customer service and satisfaction when listing a business for sale. If you know of anyone you think should be in our Business Broker directory, then please email us their details. More Business Brokers
