F.A.Q
Business Brokers represent owners of businesses that want to sell their business. They position the business for sale, locate buyers, and negotiate the terms of the sale. Most of them represent the seller, however, some represent buyers in which they can be referred to as a Buyer’s Broker or Buy-side Broker.
We have all prospects sign a Confidentiality Agreement and get as much information as possible before giving them the actual name, address etc.
On average 3-8 months, could take longer for foreign buyers.
No upfront fee is charged and usually the Broker commission can be added on the Price of the Business.
Yes! It is normally in the Listing how long the Seller will work with the new Buyer. If the Buyer needs additional training, the agreement can usually be made with the Buyer and Seller.
Due diligence is where the Buyer requests and is provided pertinent information provided by the Seller and or Accountant.
We use various vehicles to market and advertise a Seller’s business in the most confidential and discreet method possible. At Frontier Business Acquisitions we realize the sensitivity of this issue and work diligently to protect the Seller’s employees and vendors from knowing that their business is for sale.
Of course! Quite a few business owners make the mistake of turning to a realtor when looking to sell their business. It’s important to understand that there is so much more on the table than only the value of real property. You have spent years building a successful business model, and deserve the rewards in getting the most out of your years of dedication.
When the time is right for you! Most business brokers will tell you to list your business as soon as possible even if you are only entertaining the idea. It helps to align yourself with a broker that will have your best interest at heart. Selling your business should be your greatest sales accomplishment.
The due diligence process usually takes from 2 to 4 weeks. The amount of effort and detail involved in the buyer’s review is driven by the complexity of the business and the dollar amount of the transaction.