HOW LONG WILL IT TAKE TO SELL MY BUSINESS?
Most businesses sell within 3-6 months. The overall timeframe will vary by industry and is always dependent on the company's financial performance and the complexity of the transaction.
HOW WILL YOU PROTECT MY CONFIDENTIAL INFORMATION DURING THE SALE?
We carefully screen all buyers. Every buyer is required to sign our Non-Disclosure Agreement before we provide identifying details about the sellers business and financial information.
HOW WILL YOU DETERMINE THE VALUATION FOR MY BUSINESS?
There are many different variables that are considered when calculating the listing price including current financial performance, location, overall business model, profit margin, profitability and growth potential, current market demand, including many other macro and microeconomic factors.
WHAT TYPE OF BUSINESSES DO YOU REPRESENT?
Tri-State Business Brokers represents businesses in all industries and our strategist team has the expertise needed to find the right buyer for your business. Whether B 2 B or B 2 C, our strategists are knowledgeable on all types of businesses and we look forward to helping you through every step of selling your business.
IF THERE ARE NO UPFRONT FEES, HOW DOES TRI-STATE GET PAID?
Tri-State Business brokers seller representation is 100% performance based. There are no upfront fees and we only get paid after the transaction from the sale is complete.
WHAT WILL BUYERS ASK DURING THE DUE DILIGENCE PHASE?
After an offer has been accepted by the seller, the buyer is entitled to review any and all documentation that was used to prepare the company's financial statements. This documentation usually includes company bank statements, merchant account statements, company tax returns and supplier invoices for the past 3-5 years.
DOES TRI-STATE BUSINESS BROKERS REQUIRE AN EXCLUSIVE LISTING AGREEMENT?
No, our compensation is 100% performance based, even though we do invest a considerable amount of time and money upfront to represent each business. We accept that there is no guarantee that we will actually be paid for our work, knowing it is not in our client's best interests. We use our networks and work diligently to find qualified buyers to sell your business.