12 Reasons to use Mills Business Acquisitions in Selling your Business
When you work with Mills Business Acquisitions, Inc. (www.MillsBA.com), you get a long list of benefits that help your business stand out in a crowded marketplace and sell for the best price and in a timely manner. With many competing business opportunities, standing out in the crowded marketplace is an important element in attracting qualified Buyers and in leading to a successful sale.
The entire MillsBA team is committed to helping Sellers' businesses get noticed. We don’t just count on what we consider a “Smarter” process, we also work harder. As Intermediaries, we do the preparation well in advance of taking the company into the marketplace. We believe that you only have one chance to make a good first impression, so we do our homework and preparation in the beginning. Here's an overview of just some of the things we do on behalf of our client firms:
Professional Business Summary. Another important element in positioning your company to sell for top dollar is a Business Summary. MillsBA Business Summaries are top shelf and may include an extensive trade area analysis and extensive comparable sales information from BizComps and Pratt Stats, wrapped into a professionally-bound report that motivates your prospective buyer to purchase your business.
Internet. The Internet is the best tool today for selling a business quickly. Thousands of Buyers can be reached every day through leading Internet sites. MillsBA subscribes to and advertises on all the major sites.
Strategic Marketing. Another important element in selling your business is a strategic marketing plan. We create a plan to target the potential Buyers for your business in and out of your industry. When appropriate, we’ll use direct mail marketing to reach potential Buyers in areas that you may not have even thought about. We give Buyers specific reasons to inquire about your business. Our goal is to create excitement and enthusiasm about your business, to help ensure you top dollar when you sell. We’ll also work with you on a specific target list of prospects.
Confidentiality. We know how important it is to maintain confidentiality in the transfer of your business. That means that you can count on us to make all efforts to preserve the anonymity of your business with competitors, employees and suppliers. Our ads or Internet postings are “blind”. Your business' identity is hidden and only the facts necessary to generate Buyer interest are presented. Buyers must sign a confidentiality agreement and provide a financial disclosure before they can obtain a Business Summary or view a Video Presentation.
Co-op with Other Business Brokers and M&A Companies. Many business owners don't realize that there is no equivalent to the residential Multiple Listing Service (“M.L.S.”) for businesses. But while businesses are kept confidential by the lack of a business-type MLS system, all too often they are kept secret from potential Buyers because the listing brokerage or M&A firm is protecting their commission. Unlike many firms, we work with most all IBBA and CABI business brokers and M&A firms to ensure the timely and successful sale of your business.
Buyer Due Diligence. When a purchase offer is made, we can supplement the Buyer's credit report with information obtained through other resources. Buyer due diligence is done at the Buyer’s expense. We provide client companies with winning representation in the crowded world of business sales. You can depend on MillsBA in the sale of your business.
Risk-Free. If
we take on the assignment of getting your business sold, it’s only
because we really believe we can accomplish the transfer to a new
owner. We work on contingency, so we’re careful about whom we work for
and we don’t take on every listing. We’ll give you a straightforward,
honest assessment of whether or not we can accomplish your goals. Your success is our success.
Time Value.
It takes a great deal of time to get to the closing table in the
transfer of your business. The last thing you need when selling your
business is a lot of distractions. Your latest numbers are often the
most important factor in getting the best price. If you’re wasting lots
of time interviewing and qualifying potential buyers for your business,
then something’s got to give, and it’s usually the bottom line.
Exposure/Advertising.
We’re in the marketplace, day-in and day-out. We know what’s working
and where buyers are finding businesses. We believe that if you’re
exposed to enough of these buyers, you’ll get a good price for your
business.
Negotiating Power.
We can follow up with potential purchasers as a third-party
intermediary, without giving the impression that you’re anxious to
sell. We can spot trouble with outside advisors early on and address
potential trouble many times before it ever occurs. Even if you’re a
good negotiator, it pays to use an intermediary to keep good relations
with the Buyer.
Pricing.
We’ll check pricing against other businesses in your industry, using
Pratt Stats and Biz Comps. These are the largest private statistical
networks of comparable sales statistics for private businesses sold
throughout the United States.
Escrow/Closing.
We work together with the most experienced escrow attorneys to safely handle the details and issues of closing the sale of your business for a very reasonable fee. We work with you and them, all the way to closing.