Hampton, Virginia Business Brokers | M&A Advisors

Business Broker and M&A Services in Hampton, Virginia

Hampton, Virginia, office of Morgan & Westfield, Business Brokers and M&A Services

Our business brokers at the Hampton, Virginia office of Morgan & Westfield facilitate business sales exclusively in the Southeastern Virginia area. We operate specifically in the following cities:

In addition to these specific communities, our business brokers also serve some of the neighboring communities that make up Southeastern Virginia and the Virginia Peninsula region.

Why You Need a Local Business Broker

Through operating exclusively in this area, our business brokers are able to better serve you because of these reasons: (1) We are not distracted by other jobs; (2) we have built a plethora of local connections; (3) we have our fingers on the pulse of the local business market; and (4) we understand how businesses are valued and sold in this market.

These are only possible because our business brokers choose to focus on operating locally. Business brokerage firms that are not dedicated to operating within their local communities are unable to provide the same level of personalized service.

They also do not have the same understanding of the local business market and what it takes to facilitate successful sales locally. The lack of local knowledge and experience can represent a major disadvantage of using a business broker that is not experienced locally. This can result in:

• An inability to properly price your company: Business values and prices are dependent on the local market. You cannot value and price a company in a rural community in the same way that you would a company that is located in the city. Failure to value and price your company according to the local market can result in the company being priced out of the market, making it nearly impossible to sell.
• A drawn-out sale: Local business brokers have local connections that can help expedite the process. For example, if you need a permit to be renewed, a lease to be transferred, or a sale to be financed, local professionals can help. Having a connection with these individuals can allow these issues to be resolved faster, thereby expediting the entire sale. Similarly, without access to relevant industry professionals that can resolve these issues, progress can come to a halt.
• Ineffective marketing: Without an understanding of the local market, your business may be marketed ineffectively. If your business broker is unfamiliar with this community, then they may not understand the habits of your target buyers and their marketing campaign may be ineffective.
• Lack of personalized service: Business brokerage firms that are too large and are not focused locally often lack the ability to provide personalized service. These people are hard to contact, provide generic answers to your questions, and are not fully invested in helping you. Local business brokers tend to be more connected to you and your company, resulting in better service.
• Inability to understand the asset of your location: Local business brokers understand your location and the ways in which your location is an asset. This enables them to better demonstrate the asset that your location can be to potential buyers that are unfamiliar with the area.
• Inexperience with the challenges that you will face: Every location has its unique challenges. Only local brokers will understand your challenges and know how to overcome them.

Choosing a Qualified Business Broker

In choosing a business broker to work with, you should always prefer a local business brokerage firm. However, other factors should also be considered, including:

• Ethics: Some firms will try to tell you what you want to hear even if they know that it is inaccurate. These firms cannot be trusted because they are operating unethically. At Morgan & Westfield, we pride ourselves on operating ethically at all times.

All of our business brokers subscribe to the code of ethics established by the International Business Brokers Association (IBBA), and we are committed to operating with a sense of honesty, professionalism, and integrity.

• Qualifications: Our business brokers are former business owners, CEOs, CFOs and COOs who had been in your position. We have extensive experience in facilitating sales professionally and all of our brokers are fully certified.
• Confidentiality: Discretion is and should always be a major concern for any business owner. At Morgan & Westfield, operating discreetly to protect your privacy is extremely important.
• Systems: At Morgan & Westfield, we facilitate business sales every day. Through this repetition, we have developed procedures for many aspects of selling businesses. To help expedite the sale, we have systems in place that allow us to quickly and easily appraise your business, screen buyers, answer your questions, secure financing, and complete other tasks associated with the sale.
• Success: Working with a business broker who has a proven history of success is important. This is the only way to be sure that they are capable of selling businesses successfully. At the Hampton, Virginia office of Morgan & Westfield, our business brokers facilitate hundreds of sales every year.

Contact Morgan & Westfield

If you are selling a business in Southeastern Virginia, then our business brokers at the Hampton, Virginia office of Morgan & Westfield can help you. We provide many services that can simplify the process of selling your business for you and ensure that your sale is completed successfully.

Learn more about our qualifications and services by scheduling a free initial consultation with our business brokers. We will answer all of your questions and explain how our business brokers can help you to sell your business.

To schedule your free initial consultation, contact the Hampton, Virginia office of Morgan & Westfield today.