Frequently Asked Questions
Questions About Selling Your Business
How much do you charge for your services?
Often business brokerage firms charge upfront “marketing” or “packaging” fees. We do not charge any fees until your company is sold at a price and on terms that are totally satisfactory to you. Thus, our interests are aligned with yours, meaning we do not get paid until you get paid. It is also in our interest to sell your business for the highest price possible. We are performance based from start to finish!
How do I sell while maintaining confidentiality?
At Lexington Business Brokers, we take great pride in our ability to keep all information confidential. Any serious buyer is required to sign a confidentiality agreement to protect the seller’s interest. In addition, the buyer will be required to reveal to us his net worth to ascertain his financial ability to purchase your company. The first contact Lexington Business Brokers makes with the potential buyer for your business is through a blind or anonymous profile of your company. Your location is described in general terms as are the details of your company. Your company is never identified in the blind profile.
Can we assist in helping the buyer with finding satisfactory financing?
YES. We have connections in the banking community that run deeply. We want to control the financing piece of the transaction so we can achieve a closing that is quick and easy. We coordinate due diligence and closing with the seller, the buyer, all attorneys and accountants involved, and the lending bank.
Why choose Lexington Business Brokers?
Regardless of the type of business you have – whether it be a manufacturer, distributor, service business, or a retailer – we probably have sold one similar to it. Client references are available upon request. Our Lexington team has over 50 years of experience in selling, buying, owning, and operating businesses with varied backgrounds in manufacturing, distribution, service, and retailing.
Selling a business, especially for the first time, can be stressful and difficult to navigate. We have tremendous experience and we take care of the marketing, paperwork, and buyer screening for you and we do so confidentially. By using us to sell your business, you are also giving yourself leverage as we typically are working with a pool of buyers to produce competition and the best price for you.
Another benefit to using us is that we have an existing pool of over seven thousand qualified buyers who are actively looking to buy businesses in various industries. For this reason, it is not uncommon for us to receive significant interest and in some cases offers within a very short time of listing your business.
Do you have a successful track record?
Since 2005, Lexington Business Brokers has hundreds of satisfied buyers and sellers.
Do I have to pay for a valuation?
NO. We provide you a no charge valuation performed by one of our experienced partners.
How will you market my business?
No other firm markets as confidentially or as aggressively as Lexington Business Brokers. That is the foundation of how we sell businesses faster and for more money. Call us and we will review this process with you.