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What To Expect From A Business Intermediary

Anyone who is considering selling - or -buying a business wants to know the advantages of using the services of a business intermediary. They also want to know what to expect from using their services.

Let's look at this question from the seller side first. In most cases, the business intermediaries is listing the business for sale. In most cases the business intermediaries is representing the seller and is duty-bound to represent the seller honestly and fairly, A business intermediary is also charged with trying to get the highest possible price - and the best deal - for the seller. However, sellers must understand that, no matter how hard the business intermediary tries, it is the marketplace that ultimately determines the price and terms - not the business intermediary or the seller.

The business intermediary will keep the seller informed, on a regular basis, of the status of the listing and will do everything possible to maintain the confidentiality concerning the sale of the business. However, selling a business is a two-way street and requires cooperation on both sides - seller and business intermediary. The intermediary needs to be kept aware of current information regarding the business, such as sales trends, major equipment purchases, inventory fluctuations and the like. The business intermediary and the seller must work together; they are on the same side, and they should work as a team.

No one likes to waste their time, and business intermediaries can show buyers businesses that fit their pocketbook and still can provide the necessary income to provide for their families. Buyers want candor in the presentation of the business, The business intermediary is an expert in problem resolution - he or she can resolve issues and misunderstandings easily and quickly.

Professional business intermediaries bring value to the process of buying and selling businesses. They understand the issues and the details involved in the business transaction. They have the knowledge and experience to bring the sale to a successful close. If the buyer and seller are honest with the business intermediary - a win-win situation will result.

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Written By: Karen Rehn
Date Posted: 6/5/2008
Number of Views: 523

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"Rehn Business Brokers (now ABA Services) did an outstanding job in selling my business..in less than a few months we had 3 solid offers to work with. Karen Rehn was totally focused on putting my needs first rather than just getting a quick sale. She made this new and anxious process for me easy and enjoyable. I ended up selling my business for far more money than I ever could have imagined. Chris Kapenga was very instrumental on the financial side helping all the way through closing. His business and financial experience were invaluable throughout the negotiations. I value your integrity and the thorough job you did. From initial consulting through completion of the sale and closing, you were great to work with. Thank you from the bottom of my heart. Karen, Chris and Jeanette, I sign this as a former client and now as a friend."

Steve H. Menzel,
Wellspring Fitness Equipment

 
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