Ohio Business Broker
Call Today: 1-704-892-5151
Are You Considering Selling Your Ohio Business?
Are you a small business owner in Ohio looking to sell? Are you unsure of where to begin? Are you confused about clients, valuations, and everything else that goes into selling a business?
If you’re a small business in Ohio asking these questions, then you require an Ohio business broker. Gulfstream Mergers may be the right fit for you.
We’ll discuss the benefits of using a business broker in Ohio and why Gulfstream Mergers could be right for you.
What Are The Benefits of Using A Business Broker?
Choosing the right broker to facilitate the sale of your business has several advantages. A broker can help value a company or find buyers. Trusted brokers will be discreet and help speed up the sales process.
Streamline the sales process
Selling a business can be a long and complicated process, especially when you still have a company to run. Often, buyers and sellers are unfamiliar with everything involved and the potential challenges that come up.
Brokers effectively bridge the gap between buyer and seller and organize all the moving parts. You can trust that your broker will solve any problems and keep all parties heading towards the sale of the business, which is everyone’s goal.
Provide a Business Valuation
Getting your business’ proper value is essential. You want to make sure you consider all factors in marketing the company correctly. Business brokers always ensure that your business is correctly valued to build a case and show buyers how they can make money in the future.
Assessing all economic factors is essential to set the right price and attract buyers. Brokers have experience evaluating business trends, competition, and aspects of the location.
Acces to Buyers
You most likely don’t have an extensive network of people looking to buy a business in your market. Brokers specialize in selling a business and finding buyers as well. Your main priority is running a successful business and increasing profits as a business owner.
They understand your company's market, know many interested buyers, and know how to make them compete for the sale. Brokers have marketing and sales teams that attract the right buyers for your business.
Confidentiality
The worst aspect of selling a business is that word travels fast. When you try to sell a business on your own, it’s all too easy for the word to spread. Unfortunately, employees may get nervous and leave, and customers will lose trust.
Qualified brokers are excellent at keeping a sale of a business confidential. Before a broker gives any information about your business, the buyer will be required to sign confidentiality agreements and meet other qualifications.
While vetting prospective buyers, a broker will keep your name and your business’ name strictly confidential.
Why Hire A Business Broker to Sell A Business in Ohio?
Placed in the top five of the business climate ranking, Ohio has quite a competitive business market. With tax reductions making it easier for businesses to thrive and growing entrepreneurship, Ohio has become quite attractive and lucrative to small businesses.
With such a competitive market, selling your small business by yourself may prove difficult. However, with an experienced Ohio business broker, you’ll be able to reach out to contacts and get the ball rolling. With Gulfstream Mergers by your side, you can know you’ll attain the best deal for you and your business.
Why Choose Gulfstream Mergers?
Gulfstream Mergers have more than 20 years of experience in selling businesses. We pride ourselves on customizing each client’s experience because we know, in the end, there is no “one size fits all” method.
Reflecting our core values and commitment to high standards, Gulfstream Mergers has become an established, trusted name in the industry. We have a high rate of success in ensuring that all parties are satisfied with the outcome. Indeed, we were proud to receive the 2016 Financial Advisor of the Year by Acquisition International.
We take the complex nature of selling a business, and we ease the burden for our clients. You won’t have to worry about your company being undervalued or not adequately marketed. We can market your business globally depending on your needs.
We only engage with a limited number of clients at one time, which means you are our number one priority. We will never sacrifice quality over quantity; we will be with you every step.
Steps to Selling a Small Business in Ohio:
When it comes to selling your small business, several steps are involved.
First, you need to figure out an exit plan. Something that takes care of yourself and any employees you may have. Be sure they are notified in due course. Make sure that you are ready to move on and sell.
Next, you need a business valuation. A business valuation gives you a starting price point that is consistent with your business’s revenue and projected revenue. It will also give you a sense of legitimacy with buyers. The documents used by professionals to make a valuation include cash flow statements, income statements, and other financial documents.
Finally, you’ll need contacts: people who are potential buyers or know people who would consider buying. This is important as you need to be able to have a pool of different buyers.
Keep in mind that while this process seems daunting, a business broker with experience will be able to make these steps smooth sailing with their knowledge of the market and the ability to provide business valuations.
Jim Kniffen, Founder and President of Gulfstream Mergers & Acquisitions
Mr. Kniffen has a passion for business and for helping our clients achieve their business goals, and is personally involved with each and every client and deal that our company handles. Mr. Kniffen has over thirty years of business experience, first as a successful entrepreneur and then as founder of successful M&A companies earning a reputation for excellence and ethics in the complex arena of business mergers & acquisitions. Mr. Kniffen has extensive expertise in business and enterprise valuation, due diligence analysis, alternative sources of acquisition financing, and complex business consultation. Jim is also a sought-after public speaker by accounting and financial groups for his expertise in the complete sales process, especially in the difficult areas of valuation and financing.
Mr. Kniffen received his graduate degree from Florida Atlantic University at Boca Raton in 1976. Mr. Kniffen is a member of The Alliance of Merger and Acquisition Advisors, is a Charter Member of the Association of Professional Merger & Acquisition Advisors, and is a Founding member of The Society for Leadership of Change (SLC).
FAQs
What is a typical business broker fee?
Upfront fees can cost between $1,000 and $10,000, depending on your business. The broker’s commission will come in around 3%-10%.
What does a business broker do?
A business broker acts as a middleman between the buyer and seller, making the process easier for both parties.
Are you looking for Ohio business brokers? We can help! Contact us today at Gulfstream Mergers & Acquisitions or call at 1-704-892-5151.
Contact Us Today for a Free Confidential Business Consultation
Gulfstream will send one of our Senior Level Executives to meet with you at a location of your choosing to ensure confidentiality. Call 1-704-892-5151 or click the button below to schedule your consultation. See for yourself what it's like to work with experienced veteran professionals and experience the Gulfstream Mergers and Acquisitions difference for yourself!