Google selling a business and the number of articles and ads that pop up are legion. But realize that selling a business in Florida is slightly different. In Florida, as a business seller you have the benefit of a large network of professional and licensed business brokers who work in concert together. Although many states have associations of brokers Florida is the only one that has an MLS system and mandates co-brokerage on deals. What most sellers assume is that co-brokering is the norm. In fact, it is not. A seller should ensure that when choosing a broker they are:
1. Members of the Business Brokers of Florida
2. Actively Co- Broker…not just say they do but the can and should be able to show you the stats right out of the MLS.
3. Have been in the business and sold more than 10 transactions in the last 12 months. This shows they are active working members and are in the trade doing deals.
An experienced business broker can help a buyer navigate and eliminate many offerings based upon the desires and financial capacity of a buyer. When less than 10% of buyers who begin the buying process ever consummate a deal ; it is critical to realize what causes the failure rate to be so high.
To learn more about selling your business visit https://yourfloridabusinessbroker.com