When you’re ready to sell your business, you need to find the right buyer. But where do you start?
How do you know if they’re qualified?
Business Brokers are professionals who help facilitate the sale of businesses. They know the ins and outs of the process and can help you get the best price for your business. Not all Business Brokers are equal.
At Pi Business Brokers we are specialized in the process of buying and selling restaurants and other hospitality concepts.
There are many reasons why hiring a business broker is a smart investment. They can help you find out various business opportunities. Perhaps the most important reason is that a broker can help you successfully sell your business. Selling a business is not an easy task, and there are many potential pitfalls. A broker can help you navigate the selling process and find the right buyer for your business.
In addition to helping you sell your business, a broker can also help you buy a business. For example, If you’re looking to buy an existing restaurant, a restauant broker can help you find the right one and negotiate a fair price. Buying a business is a complex process, and it’s important to have someone on your side who knows the ins and outs of the marketplace.
Another reason to hire a broker is for their expertise in valuing businesses. If you’re thinking about selling your business, it’s important to have an accurate idea of its worth. A broker can provide this service, as well as help you with other aspects of preparing your business for sale such as creating marketing materials and negotiating with buyers.
Ultimately, hiring a business broker is an investment that can save you time, money, and headaches down the road. With the right broker by your side, you can maximize the value of your business and successfully make the transition to new ownership.
Knowledge and Experience – Business brokers have extensive knowledge and experience in the field of mergers and acquisitions. They can provide valuable guidance throughout the sale process. At Pi Restaurant Consulting not only are we Business Brokers but we are expert Food and Beverage Consultants that assist owners in new restaurant concept development and existing concept overhauls. We understand the true value of having the right location for the right concept.
A: At Pi Restaurant Consulting we are more than business brokers; we are restaurant consultants that understand the industry and what is needed for day-to-day operations and how to build a successful brand. We are able to analyze current restaurant financials and also provide forecasting for future brands. And as a Buyer it COSTS NOTHING to use us through the process!
A: Some businesses that are still operating require you to sign a Confidentiality Agreement in order to keep their sales and staffing at a stable level prior to selling. We also require this agreement in order to disclose financial information about the business for sale.
A: At least 20% of the purchase price when using a lender. An all-cash offer would require 10% down or a minimum of $10,000. If the seller is willing to do seller carryback financing these numbers may be significantly higher.
A: Yes! Unlike some business brokers we work with many other brokers in order to find the best match. There may also be opportunities that may not be listed.
