Sell Your Business with Morgan & Westfield
Many business owners choose to sell their company privately. They assume that because they know about sales and they know their business, they can accomplish a successful sale on their own. However, the majority of businesses that are sold by their owners directly end in unsuccessful sales.
These sales are poorly structured, incorrectly financed, inadequately researched and include many fundamental mistakes. All of these factors can lead to the sale ending in non-payment, foreclosure, legal battles and even bankruptcy. This is the last thing a business owner envisions happening as they begin the process of selling their business. But, unfortunately, this is all too common.
Working with a professional business broker will prevent these problems from occurring. At Morgan & Westfield, our business brokers will ensure that your sale is properly structured and financed, and mistakes are avoided. Our business brokers pride themselves on facilitating successful business sales. Our definition of a successful sale is different from those of many other business brokerage firms.
We consider the sale from a long-term perspective. Simply getting a buyer to sign a sales contract and make a down payment does not constitute a successful business sale. Our standards at Morgan & Westfield are higher than that. For our business brokers to consider a sale successful, the following criteria must be met:
- The sale must be made in a way that maintains your confidentiality.
- The sale must be financed in a way that is conducive to repayment.
- The sale must be structured in a way that makes repayment possible.
- The deal must be beneficial to both the buyer and the seller.
- Negotiations must conclude amicably, as both parties will need to have contact going forward.
- All contractual obligations must be completed by all parties within a reasonable time period.
- The business must be sold for a price that is both fair to the buyer and maximises the seller’s profits.
- Adequate due diligence must be performed to ensure that all parties make informed decisions.
- After the company is sold, it should continue to be successful.
When selling a business on your own, meeting all of the standards of a successful sale is far more difficult. You do not have access to the same resources or expertise as our team of professional business brokers, which can lead to innocent mistakes or poor decisions that will prevent the sale from being successful in the long-term.
Given the fact that you only have one chance at selling your business and that the long-term impact of an unsuccessful sale can be devastating, you cannot afford to do it alone. The best way to ensure a successful sale is through working with our business brokers at the Oakland, California, office of Morgan & Westfield.
Morgan & Westfield, Business Brokers and M&A in Oakland, California
At the Oakland, California, office of Morgan & Westfield, our business brokers have hundreds of years of combined experience in facilitating business sales. We facilitate hundreds of business sales in the San Francisco Bay area each year. These sales include companies in nearly every industry with values ranging from $50,000 to more than $100 million. Our business brokers know what it takes to successfully sell any business.
At Morgan & Westfield, ensuring that your company is sold successfully is twofold. First, we provide you with professional guidance. We offer advice and support and answer any questions that you may have along the way. This helps you to better understand the sales process and the things that you can do to improve your chances of success while preventing you from making innocent mistakes that sellers commonly make.
Secondly, our business brokers provide a variety of technical services that are designed to handle the finer details of the sale. By completing these more complex tasks for you, our business brokers both ensure that they are completed correctly and reduce your responsibilities as a seller.
Business Brokers of the East Bay
At the Oakland, California, office of Morgan & Westfield, our business brokers provide business brokerage services to the business owners of our local communities. By operating exclusively in Northern California’s San Francisco Bay Area, we have developed a deep connection to the communities that make up this region, including the communities of:
Hayward, Russell City, Union City, Sorenson, Fremont, Sunol, Brightside, Verona, Plantation, Livermore, Dougherty, San Ramon, Brookshire, Castro Valley, San Leandro, Bay Farm Island, Alameda, Moraga, Canyon, Danville, Piedmont, Orinda, Walnut Creek, Emeryville, El Cerrito, Richmond, San Pablo, Pleasant Hill, Concord, Pacifica, San Mateo, Daly City, San Francisco, Berkeley and Oakland.
In addition to these communities in and around the Alameda County, Contra Costa County, and San Mateo County areas, our business brokers also have a connection to many of the neighboring communities that make up the San Francisco Bay area.
Through our years of working with business owners in this region of Northern California, we have developed many connections with other local industry professionals as well. These include lawyers, bankers, tax professionals, accountants, investors and even potential buyers. We have developed a unique understanding of the dynamics of the local market place. We understand the advantages and challenges of selling a business in this region, and we know how to navigate these circumstances.
This extensive local knowledge and these resources enable our business brokers to facilitate the successful sale of any business in the area. To learn more about how our business brokers can help you successfully sell your business, contact the Oakland, California, office of Morgan & Westfield today.