Sell Your Business
Your business isn't just any business. It is a living monument to late-night homework and early-morning deadlines. It is an accumulation of sweat, equity and lifetime achievement.
Therefore, the decision to sell your business is one of the most important decisions of your lifetime. Turning your operation into cash is a complex matter involving a number of variables, many of them unique to your business. Additionally, you're likely to face an uncertain economy, unbridled competition, and sophisticated buyers. We provide competent and experienced professional guidance, so you will not be facing them alone.
BBN Affiliate Members professionally orchestrate hundreds of business sales annually.
With our nationwide affiliation, our affiliate member business offerings are regularly presented to numerous potential domestic and international buyers looking to relocate to your area.
Consider the Facts:
One out of five American businesses change hands each year.
The vast majority of all business sellers are first-time sellers, unprepared to meet the complexities and time demands of selling their businesses.
"Do-it-yourself" sellers typically receive considerably less than the fair market price for their businesses.
A significant number of business sales arranged by business owners without professional assistance result in transactional problems, dissatisfaction, default or in court.
Today's business buyer demands reliable financial and operational information that cannot only be confirmed, but also documented and verified. Business buyers, lenders, and their financial advisors deal with facts; not wishes, guesses, and false hope.
The Harris Group specializes in business sales and acquisitions of firms ranging in price from
We have sold virtually every category of business and invite your review of our performance by contacting our office.
We are selective and are highly successful. We are fully prepared to represent those clients who have a desire to see the continuing success of their business under the guardianship of a new owner.
Fee Basis and Policies:
For the most part, fees are earned on a success basis and are normally paid at the closing. If they are not, then you will be advised in advance of what fees will be required. Our fee agreement will be fully discussed with you prior to any commitment on your part.
For more information please visit our "Selling A Business" page.
Buy Your Business
The vast majority of all business buyers are first time buyers, unprepared to meet the complexities of a business acquisition. However, whether you are considering your first acquisition or are a seasoned investor, you can look to us for assistance in every phase of the transaction. The following, therefore, summarizes the key elements of the business acquisition process as professionally conducted by our office.
Initial Meeting -
Objectives, Needs and Requirements Review:
In preparation for our initial meeting, the business buyer should complete our Buyer Response Form. After completing the form, the buyer will email us the information, or may print the confirmation page and send via fax. This information, along with our subsequent discussions relating to the buyer's personal goals and objectives, will provide an appropriate starting point to the process. A detailed search of our large listing inventory enables us to develop a selection of "target" businesses for the buyer's review.
Review of Acquisition Alternatives:
We make every effort to provide the buyer with pertinent information on a target company's:
market areas served
This information is where our professional edge makes a difference in a successful acquisition. In most cases we will have tax returns, customer lists, etc. for confirmation.
When business names are disclosed, you will be required to sign a standard "Confidentiality/Disclosure" form. In most cases, this is required by the business owner. Confidentiality is a major priority for business owners/seller and BBN Affiliate Members. Discretion is part of our professional training.
For more information please visit our "Buying A Business" page.