Ready to Sell Your Business? Our Dallas Business Brokers Can Help
You’ve worked hard to grow your business, but now it’s time to sell. It’s not easy to sell a business – that’s why only around 20% of listed businesses end up selling. Yikes. We sell 80%+. With the right help, however, you’ll have a much higher chance of selling the business, you’ll be able to sell it faster, and you’ll be able to sell it to the right buyer. We will get you the highest price and best terms. At CGK, we know what it takes to sell a business, and our Dallas business brokers can make this process as easy and quick as possible for you. Please see our testimonials from selling businesses in Dallas TX to the bottom right of this column or elsewhere on the site. Let our experience help you get through your next deal!
What to Know Before You Sell
Now that you’ve decided to sell your business, think about the type of buyer you would want, what type of sale (partial or whole), and whether you would like to stay on or leave. For smaller business, some of these answers are dictated by the SBA, since they guarantee most of the bank’s loan to your buyer and dictate certain rules. For larger businesses, you will have a plethora of choices. If there are competitors in the area that may want to buy your business, it’s possible to consider a merger or outright sale. If you’ve spent years building the business and want it placed in good hands, it’s possible to find a buyer who will care for your business and your employees, as you did over the years. This way, the business can continue to thrive. If you simply want to retire with as much money as possible, finding a buyer who is willing to pay more may be important. Since most buyers are simply unwilling to drop a bag of cash at your feet and let you walk away, the terms will be very important, as well. Once you have an idea of what you’re looking for in a buyer, we can help you find the buyer (or multiple buyers in most cases) and get a fair price and great terms for your business.
Finding A Fair Value For Your Business
Before the business is presented to buyers, a business valuation needs to be done, and done well. This is a way of determining the correct price, so you have a good chance of getting a fair amount for the business, and so you’re able to attract more buyers. Our expert Dallas business brokers can handle the business valuation for you, so you know it’s done right. We have years of experience working with businesses just like yours, so we know how to do a business valuation and how to determine the correct asking price for any business. Be careful! This is where many Dallas business brokers go astray. They give the business owner a fanciful valuation, as a way to get their business, knowing full well this value will never come to fruition. Not to toot our own horn, but we literally have some of the best credentials and expertise in the country. We’ll also show you exactly how we arrived at that price and provide backup evidence. You’ll be in good hands.
Finding Prospective Buyers
Now that you know how much the business is worth, it’s time to start looking for buyers. This can be one of the hardest parts of selling a business, but we can help. You may even have your own buyer. The problem is, it’s hard to get the best deal when you only have one buyer. We know where to look for local, national, and international buyers, and we have connections to buyers throughout the world who may be looking to buy a business like yours. We’ll use your preferences for what you want in a buyer, then search through all of the potential options to find buyers who are likely to fit what you’re looking for and have the finances to purchase your business. They will also sign a non-disclosure agreement (NDA) before they find out any information about your business.
Working Through the Sales Process
After creating the marketing materials and creating the buyer list, hopefully, we find multiple buyers. Then, it’s time to put the deal together and sell the business. Typically, the buyer will make an offer in the form of a Letter of Intent (LOI), which outlines some of the most fundamental prices, conditions and terms about the deal. You’ll have time to review this with us and your M&A attorney. Don’t have a mergers and acquisitions attorney? That’s no problem, we have a close-knit circle of them. While many M&A attorneys are simply out to cause arguments, and run up the billable hours, and possibly kill your deal, the attorneys we work with will get your deal done (and usually, for less than your current business attorney). Then, if you like the offer, we’ll work with banking, legal, and accounting so that the closing can occur. Once the check has cleared, we will celebrate, along with the new owners of your business.
There are many types of sales for businesses including an outright sale, a merger, recapitalization, or an acquisition, and each can have benefits or disadvantages. We make sure to choose the right type of sale based on your preferences, as well as what the buyer needs or prefers. This way, it will be more likely you’ll find the right buyer, and the sale can close quickly. No matter which methodology you choose to sell the business, we will work with you through the sales process and make sure you get a fair value and great terms for your business.
Ready to Buy?
Along with helping sellers, we also help business buyers. Our preferred type of buyer is already a business owner and is looking to buy a competitor or one of their suppliers. But, if you’re looking to be your own boss and purchase a business for the first time, our team of expert Dallas business brokers can help. We’ll talk with you to learn more about your previous experience, as this will be important for the bank, what type of business you’re looking for, and more. Then, we’ll run a proprietary search and find something that matches your tastes and previous experience. All of this will be within your particular budget. We make it easy for you to find a business to purchase, no matter how much experience you have or what type of business you want to buy.
Working With CGK
You have a choice of Dallas business brokers to work with, so you’ll likely want to work with the best. After all, you want to make sure your sale is done right and that you get what you need from the sale of your business. That’s our offer to you. We have years of experience in Dallas and Fort Worth, as well as connections with buyers who may be looking for a business like yours. We have an excellent record of being able to close our deals, as well as the ability to sell businesses for outstanding prices, while still getting outstanding terms, all while finding the right buyer for your business. When you contact us, you will see how we are different from the other Dallas business brokerages.
We Are Dallas Business Brokers
If you’re ready to sell, you’ll want to work with a business broker who knows the area. Our team lives and works in Dallas, so we know Dallas and Fort Worth well. We also know the business market in Dallas. We understand the market, so we know what sellers are looking for and what buyers might want. We have the experience needed to close deals and to make sure the sale is done right, so you have nothing to worry about once your business is sold.
Are you thinking about selling your business? Whether you’re looking to retire or you want to try something new, our team can help. CGK has an excellent track record when it comes to business sales, and we’re ready to sell your business as well. We can even help you find a new one to purchase. Contact us today to learn more about what we can do for you.
CGK Business Sales are the expert Dallas business brokers and merger and acquisition advisors in the Dallas and Fort Worth markets. More than any of the usual Dallas business brokers, we actually sell businesses. We don’t just list them. Our backgrounds are unmatched at this segment of the M&A industry. We have experience on Wall Street, middle-market mergers and acquisitions, private equity, hedge funds, business brokerage, entrepreneurship, and institutional trading. CGK Business Sales’ team of M&A advisors brings the necessary skills to do the job right.
Selling your business will likely be one of the largest financial transactions in your life. Can you trust this event to those with inferior financial skills, track records, educations, or credentials?
If you were sick, you would want the best doctor. If you were being sued, you’d want the best attorney. Why would you want anything less than the best M&A advisors to sell your DFW business?
CGK Business Sales’ record of selling businesses for outstanding prices and finding good buyers to continue your business’ legacy are the foundations of our business.