When you are ready to sell your business, turn to Charleston Business Brokers to maximize your return and experience an efficient and thorough process. We will position your business on the market in the best possible light to receive the highest bid and attract buyers. As experts in the industry, we understand the market and buyers. We will use our collective experience and knowledge to create the best possible outcome for you. Following regulations and using our guiding principles, we will sell your business quicker and for more value than other brokerages.
Now that we are closed and the lawyers are finishing up on some final details, I wanted to take the time to express my sincere appreciation for all of your efforts to take my company to market and get it sold. We all know that this was really a long shot endeavor, but you had a clear picture of the urgency of my situation. Scott kept hanging in with his never ending optimistic, persistent and methodical approach to getting the job done, and when we didn’t think it was going to happen, Scott was able to keep pushing to the finish line. I was truly happy to have you in my corner.
– Richard Frisch –
Plan, Prepare, Maximize Value
We manage transactions that range in scope, from Main Street level businesses to complex mergers and acquisition transactions.
We will provide you with the knowledge and tools to position your business in the market to sell. As our client, you will have access to a library of resources. Our checklists and guides provide valuable information to help you through this process. And you will have an experienced team to navigate the sale of your business with the best results.
We have served hundreds of clients over the years. Our business intermediaries have personal experience in selling their own businesses. Nothing replaces personal experience when your own assets are on the line.
Business Valuation Concepts
Realistic valuations bring buyers and sellers close enough to begin a successful negotiation process. An unrealistic and unsupportable valuation is an insurmountable barrier to generating buyer interest.
Strictly speaking, a business is worth what a buyer will pay for it. Business valuation is the mix of art and science that attempts to pre-determine that number up front without going through the negotiation process. While inexact by definition, there are a number of ways to estimate a fair price. Some methods are more appropriate for certain types of situations.
There are many companies specializing in valuations of privately-held companies. Fees for these valuations range from a few thousand dollars to tens of thousands of dollars depending on the size and complexity of the business. With this said the vast majority of businesses can be properly valued by your business broker utilizing an earnings multiplier – if proper analysis is performed.
In fact, if we are going to use a rule of thumb to value a business, some type of earnings multiplier makes the most sense to prospective buyers. It directly addresses the buyer’s motive to make money – to achieve a return on investment. In short, sales multiples mean nothing unless they can be translated into earnings. It is important to remember that large companies receive higher valuation multiples from the market compared to smaller companies, partly due to lower perceived and, for that matter, actual enterprise risk.
YOUR SUCCESS IS OUR SUCCESS.
Why Choose Us?
When you partner with Charleston Business Brokers, you gain a team of experts who deeply value honesty, integrity, and ethical behavior. These are our core tenets. Our associates and business intermediaries are trained in our Standards of Conduct and strive to uphold the highest level of ethics at every stage. We believe our success is wholly dependent upon putting the interests of our clients before our own.
Charleston Business Brokers has been an established business in this community for years. We’ve developed a reputation as a team that can get it done, who conducts business with integrity, and who deeply cares for the community. Choose Charleston Business Brokers and let us get to work for you!
When you’re ready to get started or have questions, contact us! Complete the form below and we will also send you a copy of our Business Sales Fundamentals guide. Start on your path to a successful partnership with Charleston Business Brokers!