Buying/Selling a Business - FAQs

A Business valuation determines the asking price, supported by metrics attractive to buyers. It is the central document in negotiation and is mandatory for a successful sale.

First Choice Business Brokers use a combination of successful methods developed over 40 years to complete an accurate valuation and position your company in the market. FCBB has a trusted reputation with many business owners in Los Angeles for their businesses' valuation and successful sales.

One of the most important things to do when buying a business is to ensure you have everything on hand, from marketing data to financials. Before signing off on a deal, take the time to review all the essential business stats. FCBB has access to professionals who audit your documentation to prevent issues later.

Due diligence means ensuring you get all the information you need to make an informed decision. A business owner should investigate financial statements, records, and customer reviews before they commit. It gives them enough information about the company's value before they proceed to the sale.

The price of your business depends on two things - how profitable it is and how much buyers are willing to pay for it. It is impossible to put a precise figure on the value of your business. But a business broker can get as close to the accurate value as possible. If you're looking to sell your business in Los Angeles, FCBB can help. We have experts who can help you get the right price for your business.

Selling a business is unlike selling other things like a house or a car. There are many moving parts in a company, so it takes more time than other investments. And bigger businesses take a long time to sell. Contact a business broker who can provide an estimated time frame after they have asked you some basic questions. They can assist you by presenting your options and then helping with your decisions.

Yes, a business broker helps you;

• Optimize your business and prepare to sell,
• Complete the valuation,
• Find buyers, and
• Negotiate the price and terms to
• Close the sale.

They have access to the professionals you need to complete legal transactions and arrange to finance.