Killeen, Texas Business Brokers | M&A Advisors

Business Broker and M&A Services in Killeen, Texas

Selling Your Business with Morgan & Westfield, Killeen, Texas office

Our services at the Killeen, Texas office of Morgan & Westfield cover all aspects including planning the sale of your business, finding a buyer, and closing the sale.

To fully understand how our services could help, you must first understand the steps involved in selling your business. Considering that the average business owner has never been through the process of selling a business, it is possible that you are still unfamiliar with these steps.

This uncertainty is one of the reasons why many company owners find selling their businesses to be overwhelming. Fortunately, the business selling process almost always involves the same general procedures, which are the same services that we provide:

1. Planning the Sale: Our business brokers provide exit planning services for business owners at any stage in the business’s life cycle. We recommend that business owners begin this process as early as possible, but our brokers can assist you with planning your exit strategy at any time. This service is focused on the task of helping you to plan the future of your company.
2. Determining an Asking Price: At Morgan & Westfield, we provide business appraisal services. We evaluate your company based on past performance, assets, liabilities, debt, and your local market. This information is presented to you in the form of a formal business valuation report, which is then used by our business brokers to make recommendations and to assist you in determining a reasonable asking price for your company.
3. Advertising the Sale: Our business brokers use a system known as ‘confidential marketing’ to advertise the sale of your business while protecting your company’s anonymity. Using this marketing strategy, we advertise your business using only generic information and prompt interested buyers to contact our Killeen, Texas office should they would like to know more details about your business.
4. Finding Buyers: Through effective advertising on both a local and a national scale, our business brokers will find buyers for your business. These buyers will be screened to ensure their legitimacy and resources. Buyers will also be required to sign a non-disclosure agreement to move forward in the process. Through finding and screening multiple buyers for you, we create an environment in which buyers are competing to purchase your business. This will give you more leverage during negotiations and drive your company’s price up. Our number one goal in providing this service is to provide you with the highest quality of potential buyers possible so that your business can be sold for the best possible price.
5. Negotiating with Buyers: Our business brokers serve as advisors during the negotiation process. We prepare you for this process and help you keep negotiations in perspective by giving you useful negotiation tips and guidance throughout this stage. Our goal is to prevent negotiation breakdowns and to facilitate continuous progress toward reaching a mutually beneficial deal.
6. Reaching a Deal: As you and your buyer reach a tentative agreement on a deal to purchase your business, our business brokers will help you structure the sale. We will advise you on structuring options and the financial implications of each deal structuring option. Our broker’s number one goal during this stage is to ensure that the deal is structured properly so that the sale can be completed successfully in both the short and long term.
7. Closing the Sale: At Morgan & Westfield, we can help you with finalizing all of the terms of the sale, presenting these terms contractually, and securing financing for the sale. Our business brokers can also connect you to lawyers, bankers, and tax professionals to ensure that the sale is closed successfully. Our role during this stage is to do whatever we can to make all of the previously agreed to terms of the sale official.
8. Completing all Obligations: To complete your business sale, there will be several obligations that you will need to fulfill, including but not limited to: transferring property, signing contracts, disclosing proprietary information, training your buyer, arranging for leases to be extended, signing a non-compete agreement, and signing over business assets.

Our business brokers serve an advisory role during this stage in the process. We will review your contract and make sure that you are aware of all of your obligations. Our business brokers will also assist you in completing these obligations and work to ensure that all of your responsibilities in the sale are fulfilled. We will also assist you in ensuring that your buyer fulfills all of their responsibilities in a timely manner.

Getting Professional Assistance from Morgan & Westfield

Business owners who have never sold a business usually find the process to be very challenging when they attempt to complete it on their own. Working with a team of professional business brokers will make the process of selling your business significantly easier for you.

Our business brokers at the Killeen, Texas office of Morgan & Westfield can help you with every aspect of selling your business. We operate only within our local communities, including:

By placing an emphasis on operating only in this area, our business brokers have established and developed a deep connection with the local communities. Our relationships with many local industry professionals have helped our business brokers gain a superior understanding of the dynamics of this marketplace, thereby allowing us to better serve you.

To learn more about our services and how we can put our local knowledge to work for you, contact the Killeen, Texas office of Morgan & Westfield today.