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I sold a business through FE International (mentioned in some comments here). If you’re going to sell through a broker, I can’t say enough good thing s about th
by callmeed 8y ago
I sold a business through FE International (mentioned in some comments here). If you’re going to sell through a broker, I can’t say enough good thing s about them. Very professional and great to work with.
The only downside with going the broker route in general is looking like someone who isn’t wanted. Some will perceive you as having a lack of bizdev/PR skills, being in an unsexy/dying space, etc. You won’t get the big revenue multiple price that you would if tech companies were fighting for you.
Also start getting your financial and technical affairs in order yesterday. There will be a ton of due diligence whatever route you go and the better prepared you are, the smoother it will go. Retain an attorney as well.
Good luck. Happy to answer questions privately via email.
- ThomasSmale 8y agoHi Erik, thanks for the mention! Glad you had such a positive experience. Definitely think the market has improved for sellers in recent years - we are seeing more and more deals with competitive bidding and multiple buyers involved. Completely agree regarding getting financial and technical affairs in order. However and wherever you try to sell, this element is essential. Expect a broker/M&A firm to do a lot of the legal legwork for you but you still need a reliable and practical attorney.