Metropolitan Business Brokers

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What do I need to provide to sell my business?

We need at least 3 years financial information along with lease or occupancy information and employee information.

How is value established?

Value is determined by comparable sales along with profitability and cash flow analysis

How is confidentiality maintained during the selling process?

Confidentiality is an ongoing process with each business. All potential buyers sign a Confidentiality Agreement and most visits are made at "off" hours.

How are you going to market my business?

We will market your business by contacting potential buyers that are on our database along with direct mail and local and regional media and the world wide web.

Are you going to contact my competitors?

Yes, but only with your permission. They are natural buyers but you have the right to determine the marketing direction.

Do you have an MLS system?

No, a Multiple Listing Service works for the sale of homes but would destroy all confidentiality for businesses. In addition, signs are not allowed.

How long will it take to sell my business?

The length of time is determined by the price and style of the business. Our experience has been anywhere from sixty days to twelve months.

Do I have to finance the new buyer?

Tax implications along with lender demands may encourage seller financing. Generally, it's not more than 20% for a term of up to three years.

Who is going to work on my business?

As a team effort, Metropolitan Business Brokers will work to sell your business. We are all licensed and have owned our own businesses in the past.

What do you charge / how are you paid?

Our fee is paid at the time of sale and is based on a percentage of the sales price. This will be discussed and agreed to in writing prior to the marketing process but after the assessment of your business.

How much money do I need to put down to purchase a business?

Depending on experience, you should have a down payment of 20%-35% plus operating capital.