Not Every Business Is Ready To Go To Market With Viking: Here’s Why
Having a realistic valuation of your business will be key to pricing it well and selling it effectively without leaving money on the table. Insist on working with a business broker who has a proven valuation process and a track record of successfully closed sales. We offer free valuations as the first step, even if you aren’t sure you want to sell your business.
When you’re considering working with a business broker, knowing about their upfront fees and commissions is important. So is having an idea of fees to expect from other participants in the process, like the legal team that will close the sale. Choose a business broker who is completely forthcoming when it comes to discussing fees.
Keeping your personal and business identity confidential is imperative to ensuring a smooth sales transaction—but some brokers will send your sensitive financial information and other materials to anyone who requests them, without vetting them to ensure they’re a serious buyer. It’s crucial you choose a business broker who makes your confidentiality their top priority.
Selling a business typically doesn’t happen overnight; instead, it takes time. What process will the business broker be following to sell your business, and does that process have a proven track record? Work with a business broker who fully explains how their process works [link to selling process] and is there throughout the process to answer any questions that arise.
Depending on the type of business you have, its size and its value, anyone from an individual owner/operator to a financial buyer, a strategic buyer, or even a private equity firm may be interested. Insist on partnering with a business broker who has experience working with the types of buyers your business is most likely to attract.
If you’re looking to develop succession or wealth preservation plans, if you’re receiving unsolicited calls from a potential buyer and you’re unsure how to respond, if you’re planning to transition your business, or are concerned about the future of your business and employees without a plan in mind, it’s the right time to reach out to Viking Mergers and Acquisitions for assistance.
Of Listing Price
On average, our businesses sell for at least 96% of their listing price.
National Closing Average
Our success rate for closing on our listings is over 85%, which is more than 3X the national average.