Frequently Asked Questions
When should I think about selling my business?
The answer is when you first start your business you should be thinking about an eventual exit strategy. If you didn’t think about it then the best time is when a business is growing and there’s a strong market with high valuations for a particular industry.
Why should I hire a broker instead of selling business on my own?
How much is my business worth?
Who are the buyers?
Strategic buyers seeking business expansion
Corporate buyers seeking diversification
Financial buyers seeking passive income
Industry buyers seeking bolt-on acquisitions
How can I feel safe that my employees and customers won’t find out my business is for sale?
Confidentiality is the cornerstone of everything we do at Impact Business Brokerage. We realize the consequences could be devastating for both the seller and the buyer if the word gets out before we have a Definitive Purchase Agreement and can control the narrative. Our potential buyers will only review a generic teaser about the business and an internal file number until they have been vetted and signed a Non-Disclosure Agreement (NDA).
While my business is on the market what will I need to do in the process?
First and foremost, the best policy is to keep running and growing your business as if you are never going to sell it. The most important aspect of getting the highest sale price is that the business is performing well and sustaining a growth trajectory. Impact Business Brokerage will get very granular in the initial data collection so that we can field questions from potential buyers and manage the process, while you focus on continuing to operate business.