Chandler’s Leading Business Broker
Call Phil Reese When You’re Ready To Sell Your Business In Chandler, AZ
Are you looking to sell your business in Chandler? Selling your business is a big choice to make, and should be done with utmost certainty. A business sale should be done with a Certified Business Intermediary (CBI) designation, like me. You should never sell a business alone, since it’s very risky. The numerous legal concerns need good management when selling your business, and if any of them are neglected, the fees may cost more than it would have taken to hire a business broker. Selling your business with a business broker saves you money, and makes the sale easier and faster.
I’m Phil Reese, Arizona Business Broker. I have represented business owners around Arizona in selling their businesses. I am a member of the International Business Brokers Association, Past Ethics Chairman of the AZ Business Brokers Association, and one of only a few business brokers in Arizona to be designated as a Certified Business Intermediary (CBI).
Read Reviews From Our Clients
Chandler Business Broker With 5-Star Rated Testimonials
Professional and Courteous!
“Phil met with me and talked with me about my business. Within months, he had it sold. He was kind the whole time, and helped me through the whole process!”
– Don G.
Very Experienced, Highly Recommended!
“Phil Reese was always professional, and never sounded like he doubted anything. He answered all my questions, and sold my business way faster than I thought it could.”
– Kathleen P.
What Is A Certified Business Intermediary?
A Certified Business Intermediary (CBI) designation is given by the International Business Brokers Association (IBBA) to Business Brokers who successfully complete multiple classes and tests to prove that they are competent in sales of businesses. It takes a lot of time and effort to attain the CBI designation. I had to travel around the country to attend conferences, and spend several days in mentally taxing classes on how to assist business owners in the transfer and marketing of their companies. I had to take 60 hours of classes, with a test at the end of each class to qualify for the three-hour final exam. Now, I am one of only a few Certified Business Intermediaries in Arizona.
Top-Rated Consultant To Sell Your Business In Chandler
As a CBI, I’m the way to go when it comes to selling your business. I’ve helped sell over 50 businesses in Arizona, including Chandler. As a licensed real estate broker and a designated CBI, I am an expert in business sale consultations and pricings. I’m also a former business owner, so I understand what it’s like to sell your business. People sell their companies for various reasons, whether it be for family, financial reasons, or because a better opportunity has come up. Whatever the reason may be for your business sale, rest assured that I can help you with a free, professional consultation.
I am affiliated with West USA Realty, the largest business broker group in the state of Arizona. This gives your business the greatest amount of exposure possible. On top of that, more than half of my business purchasers are from outside of Arizona, and many are from outside the US. I pledge to you to be honest with you in all of our dealings, and to market your business extensively and discreetly. I also pledge to negotiate your Chandler business for the best possible price, and to competently see to all of the details.
Benefits Of Hiring A Local & Experienced Business Intermediary Near You
Business owners sell their businesses for all kinds of reasons. It can be because of family, financial reasons, or because a better opportunity has come up. The best time to sell your Chandler company is when your profits and revenue have climbed. Most business owners try to sell when profits have dropped and they want out; unfortunately, by then it’s usually too late. There’s also a few things which can impede your sale, such as: Trying to sell by yourself, keeping poor records, getting emotional about the sale, and pricing too high or too low. Hiring a certified business broker, like me, will increase your business’s exposure, and also make it easier to sell your company.
FAQs About Business Intermediary Services
Q:Which Documents Are Required To Sell Your Business?
A: When you are ready to sell your business and move along to your next step, it is vital to have the appropriate document and paperwork in place and readily available to assist with the sale. You will need to check back on all your financials to make sure everything checks out and is properly aligned. Gather your financials, customer records, vendor contracts, sales reports, expense reports, and tax returns. Any gray areas will be examined more closely by your business broker.
Q: How Long Does A Business Sale Usually Take?
A: The average timeline for completing a business sale is anywhere from six to eleven months. There are many factors in play that will affect the speed and success of the process, such as gathering the appropriate paperwork and information, reviewing the financials, and the buyer’s financing process. The purchase price, the type of business, its location and structure, among other things, will have an impact on the sale as well. Working with a professional broker will ensure that the process goes as smoothly and quickly as possible.
Q: How Is A Business Value Determined?
A: Before you can sell a business, you need to know exactly how much it is worth. There are several factors that will be used to determine the value of the business. These include weighted forecasts of growth in company revenue and margin, patterns of cash returned to shareholders, changes in the company’s debt to equity ratio, and the current economic conditions of the company’s industry. Your broker will also total the assets and liabilities of the business, its current earnings, and projected earnings.
Q: What Are The Steps To Put A Company For Sale?
A: When you are ready to sell your business, there are several steps that must be taken before the company can even be listed for sale. The first step is to determine the value of your company with the help of an experienced broker. You will need to clean up your finances and make sure everything is in place. Make your personal exit strategy to ensure a smooth transition, and boost your sales. Find a business broker to represent your sale, pre-qualify your buyers, and get all business contracts in order.
Q: Do you only advertise businesses sales locally?
A: When you choose a broker like Phil Reese, we do everything we can to facilitate a smooth, efficient business sale without prolonging the process unnecessarily. Not only is your business advertised locally, but we will also advertise it throughout the state and even more broadly if you prefer. Sometimes, depending on the specific industry of your business, it will need to be advertised in more places than just locally in order to generate enough interested buyers.
Q: Which Taxes Will I Have To Pay In Order To Buy Or Sell A Business?
A: Ultimately, the taxes you pay when selling or purchasing a business are dependent on a variety of factors. If the asset has been held for longer than 12 months, you will be required to pay long-term capital gains, which is typically 15% for most taxpayers. Any proceeds treated as ordinary income will be taxed at your individual rate. Be sure to report the business sale on your tax return through Form 4797: the sale or exchange of property.
Q: How Much Time Will I Have To Put Into The Business Selling Process?
A: During the sale of a business, you can typically expect to spend about one month to negotiate offers with a buyer, a month to complete your due diligence with paperwork, financials, and contracts, and another month to close your transactions. Working with a qualified business broker will allow you to be a little more hands off during the process so you can focus on your exit strategy and continuing to manage your business successfully until the sale has completed.
Top-Rated Business Broker Serving Chandler Neighborhoods
Helping Business Owners Throughout Chandler Sell Their Companies
Does Your Business In Sun Lakes Need A New Owner? Contact Our Agency!
Contact Phil Reese and his team for expert help selling your business and finding a new owner. We can help you plan every step of the way and prepare for a successful sale.
Want To Sell Your Company In Provinces? Give Us A Call!
If you are ready to sell your company in Provinces and need guidance about how to get started or where to advertise, reach out to Phil Reese. He is licensed, experienced, and communicates well.
Looking For Confidentiality While Selling Your Business In Cantabria? We’re Here For You!
Sometimes clients want to keep the sale of a business private to ensure the least amount of impact on its success. Phil Reese is equipped to help facilitate your business sale with confidentiality, privacy, and efficiency.
Ready To Sell Your Company In Ocotillo Lakes? Call Us Today!
Are you ready to sell your business, or simply have questions and don’t know where to start? Phil Reese can help! Give us a call today to discuss your questions, needs, and concerns.
Want To Buy A Business In Oakwood Hills? Contact Our Business Broker
If you are ready to invest in a new business in Oakwood Hills but are having trouble gathering the appropriate paperwork or financing, contact Phil Reese and his team. We are licensed, experienced, and dedicated to helping you be successful.
Schedule a Call Today!
Contact A Professional Business Broker Near Chandler
West USA Realty
Email: [email protected]
Serving Gilbert and surrounding areas.
Your privacy is always important. Your information will not be shared, sold or exchanged with anyone else.