Buying and Selling a Business
Why Should a Buyer & Seller Hire a Business Broker?
BC Businesses For Sale strongly advises that both Buyers and Sellers hire a Business Broker to represent them to avoid common mistakes and unforeseen issues that can occur during a transaction. Our Merger’s & Acquisition’s specialist will go over the financial statements and review the overall business operations health to make sure there are no red flags and that the asking price makes sense.
FOR SELLERS
BC Businesses For Sale has access to a large internal Network database of Buyers from all over the world. This Network includes: First Time Buyers, Existing Business Owners looking to expand through acquisition, Business Brokers, Investment Capital Firms, CPA’s, Commercial Lenders, CFO’s, Lawyers, Immigration Professionals, Corporate Financial Planners…etc.
BC Businesses For Sale has each Prospective Buyer sign a Confidentiality Agreement and vets each Buyer financially to avoid wasting our Seller’s precious time.
The Sale process includes:
- providing each Seller with a Business Valuation;
- normalizing the financial statements and calculating the businesses EBITDA;
- generating a detailed Marketing Brochure/Confidential Information Memorandum (CIM) which will be provided to Buyer’s once they sign an NDA and are financially vetted;
- providing a high level of confidentiality to avoid Employees, Customers and Suppliers from finding out about the sale until the deal is firm;
- reviewing offer’s;
- assisting with any lease assignments and liaising with the Landlord;
- liaising with the Lawyers once an offer is accepted and making sure all due diligence is completed;
- passing knowledge to each client so they know what to anticipate from each transaction.
FOR BUYERS
Buyers who have never purchased a business before will greatly benefit from having a Business Broker represent their interests. A Business Broker will help with:
- analyzing the company financials and providing the Buyer with a detailed calculation of how much cash flow the business is generating;
- assessing the overall operation and anticipating any risks and red flags which may limit the revenue and profits once the business transitions to the new owner;
- introducing the Buyer to key professionals who can assist with Commercial Lender, Legal Representation, Accounting Advice, Commercial Insurance Broker…etc.;
- writing and submitting Contract of Purchase and Sale for Asset Sales and Letter of Intents (LOI’s) for Share Sales;
- assisting in negotiations;
- working with the landlord on assigning the lease to the Buyer or signing a new lease;
- working with the Lawyers through the due diligence stage in order to get to the finish line for a smooth transition;
- passing knowledge to each client so they know what to anticipate from each transaction.
Aleksandra Magee
Aleksandra Magee is the Team Leader at BC Businesses For Sale and is an award winning licensed Commercial Business Broker located in West Vancouver, BC.
Aleksandra brings over 11 years of experience working with both Business Owners and Buyers. She is passionate and dedicated to sharing her knowledge with every client, and she prides herself on always being available and proactive to ensure each transaction is smooth and stress-free.
Please contact Aleksandra at am@bbdemo1.verticacrm.com and book a free 30 minute consultation to see how her services can benefit you.
Valeria Lockwood
Valeria is an award winning Commercial Real Estate Agent at Royal LePage Sussex in West Vancouver, BC.
Valeria has dedicated over 18 years helping clients from all around the world make one of the most important decisions of their lives: investing in a healthy financial future.
Please contact Valeria at vl@bbdemo1.verticacrm.com and book a free 30 minute consultation to see how her services can benefit you.
