How can I sell my small business without a broker?
When it comes to selling your small business, every seller wants to feel like they are in the right hands. Preparing your business to be sold can be a complex and lengthy process, so the option to go through a broker may seem appealing to receive professional guidance along the way. Moreover, given that brokers earn a commission from the sale, you can be relatively confident that they are acting in the best interests of your business. However, there are also many drawbacks of using a broker which we want you to be aware of. Therefore, in this article we will give you an insight into why using a broker is not always the best option and an alternative solution which could be more beneficial for both you and your business. If you are looking to sell and have exhausted all other options, then read on to find out more.
What are the drawbacks of using a broker?
The first con of using a broker is that you will have to pay high fees, between 8% to 10% of the selling price.
Insufficient knowledge of your business
Another disadvantage of using a broker is that they may not understand the finer details of your business, which could leave you with legal liabilities.
Difficult to find a good broker
As with any professional, finding a good broker who will act in your best interests is hard. Therefore, you may end up having to settle with a mediocre broker who is more interested in selling your business quickly than in maximising the profit you could potentially earn. Furthermore, your broker and you could have a conflict of interests if they are working for the buyer without your knowledge.
How can I sell my business without a broker?
Bearing both sides of the coin in mind, you may now be wondering what the alternative is to a broker. If you are looking to sell your small business quickly but also get a good deal, then you may want to consider using a company with experience in the industry.
FastCash4Houses are your number 1 trusted go-to buyers of businesses, with years of experience of helping business owners sell quickly, whilst also making a considerable profit. We can provide you with many options to exit. Our team will evaluate your business and provide you with an offer based on either business value right now through to any business assets or property that can be realised.
Unlike brokers, we will always have you best interests at the forefront of all decisions. Let us take the stress away and help you achieve your goals by putting you back in control with a viable solution.
If you want the find out more, then visit our website on https://fastcash4houses.co.uk/ or contact us directly to speak with a member of our team on [email protected] or 01204 294356. At FastCash4Houses, we are here to support every step of the way to selling your business.