According to insider business broker statistics, only 1-2 of every 10 businesses for sale ever actually sell successfully. A large part of this low sell rate could be these business owners’ failure to hire the right broker. All brokers do not have the same knowledge or training, so it is fundamentally important that you select a broker who specializes in your industry.
This can help your chances of a successful sale for several reasons. For example, a broker within your industry will have the expertise needed to place an accurate valuation on your business. This is one of the single most important things you can do to improve your business’s chances of selling. Also, an industry broker has established connections to potential buyers who are actually relevant, which could prove valuable to you. For more information on hiring a specialty broker, visit thetenneygroup.com.