If you are considering whether selling your business is the right move for you, there are a few vital things to consider before making a decision. You need to be sure the timing of your sale makes sense with the current real estate market, determine why you want to sell, understand the value of your business and a fair asking price, and a plan for what to do next. The best way to make an informed decision is to visit with a qualified business broker in Paradise Valley, such as Phil Reese.
Phil Reese is a licensed, reputable, and highly knowledgeable business broker who knows the market in Paradise Valley. He carries five-star ratings from countless clients who have succeeded in selling their business for top dollar and understanding every step of the process. Many business brokers are simply in it for the money, without taking time to consider whether it is the best move and the right time for you personally. Phil Reese is different! He has the background, skills, and education to make him especially qualified to value and market your business in the Phoenix Valley.
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Learn What Our Buyers And Sellers Have To Say
Over 60 reviews
5.0 ★★★★★My husband and I were prepared to wait months for our business to sell after we listed it with Phil, so we were pleasantly shocked when we had multiple offers within a matter of weeks! Phil has extensive skills in business evaluations and sales and graciously imparted his knowledge and experience to us with ongoing communication throughout the process until closing. The ease and speed of the entire transaction was unexpected but very much appreciated and wholly attributable to Phil's expertise. We'd wholeheartedly recommend working with him.
Phil is amazing! Ive purchased two of his listed companies now (well, one wasnt even listed yet), and he helped me through the process seamlessly. Easy to work with. Super knowledgeable. And has great connections (banks, escrow etc). I cannot recommend him highly enough.
If you have ever bought or sold a company, you know that it's an incredibly complex endeavor, sometimes with many unexpected twists and turns along the way. The smart person soon learns this is not something you should take on without the help of an expert to guide you. Phil Reese may well be the best and brightest expert you can find. Phil was amazing to work with throughout the entire process of selling our company. He was always highly professional and available to answer every kind of question or concern. We really don't know how we could have gotten through the tedious, roller-coaster process without him. And best of all, his guidance assured us the best possible results with an excellent buyer and top-level offer at the end of the day. We highly recommend Phil Reese!
In shopping around for a broker, Phil was the best fit for us. He is a good and kind man, and thoughtful. He listens and he gets things done. He was quick to take care of any needs we had and was not surprised when we got our full asking. All aspects of the sale were answered prayer. We would use him again but retirement looks pretty good!
Phil is the best business broker in Arizona. He goes above and beyond for his clients.
Very professional with attention to detail. Very pleasant to work with even under stressful circumstances . I would definitely use Phil again .
What Is A Certified Business Intermediary?
A Certified Business Intermediary is a Business Broker who has passed the licensure exam and demonstrated competence to facilitate the sale of businesses. The CBI designation is awarded by the International Business Brokers Association to brokers who have spent 60 hours in educational classes, along with a variety of tests and exams to reach certification. A Business Broker with the CBI license shows that they take their career and your personal success seriously.
Professional Business Broker Providing Services In Paradise Valley
As a business broker near you in Paradise Valley who has proven himself in the industry, Phil Reese is proud to be one of the top sales agents in West USA Realty. Formed in 1986 with over 18 offices around the state of Arizona, West USA Realty can offer your business for sale with excellent exposure across the Phoenix metro area and the rest of the state.
Our certified business brokers have the ability to determine the true value of your business, to ensure it is offered at the right price to benefit both you and a potential buyer. We are honest, reliable, and thorough as we work closely with you throughout the valuation and listing process. Contact Phil Reese and West USA Realty to learn more about how we can help you!
What Can A Local Business Broker With Experience Do For You
Seasoned Broker For Big And Small Businesses
Skilled Business Broker For Online Companies
Certified Business Intermediary For Franchise Businesses
Business Broker Experienced In Beauty & Hair Salons Sales
Sell Or Buy Contracting Companies With The Help Of A CBI
Highly Qualified Broker For Manufacturing Companies
When Is A Good Moment To Sell Your Business In Paradise Valley?
When you choose our Paradise Valley business brokers to handle the sale of your business, you can rest assured that we understand the stress, risk, and complexity that comes with selling a business. Phil Reese sold his first business through a business broker, so he can empathize with you every step of the way. One of the first things we do in the sale process is to determine if it is the right time for your business to be sold. We offer a free valuation of your company, and once the value has been determined, we look at your sales history to see the success rate of your business. Often, the best time to sell a business is when a company has a solid record of growth under its belt, and its market is expanding. This shows potential buyers a consistent sales record and excellent projection into the future, making your business attractive to a potential investor.
Find Out How We Determine How Much Your Business Is Worth
Understanding The Valuation Process Of Your Paradise Valley Company
Simply put, the business valuation process tells us the current worth of your business through a thorough analysis of all aspects. This includes the company’s management, capital structure, past earnings, projected future earnings, and the current market value of its assets. The tools used for the process can vary between which broker or agency you choose, but the bottom line is that we are able to find the worth of your business as a starting point for listing it on the market.
Frequent Questions Asked To Our Business Broker
Q: What Documents Should You Gather For Selling Your business?
A: When you are ready to sell your business, it is important to have the right paperwork ready for your broker. You will need to provide the financial statements for the current and past 2-3 years, a non-disclosure confidentiality agreement, an offer-to-purchase agreement, the current lease agreement, a letter of intent, the existing vendor/client contracts, all employment agreements, your existing insurance policy, and your professional certificates for the business.
Q: How Long Will It Take To Sell A Business?
A: The time needed to sell your business will vary greatly depending on several factors including the type of business it is, the amount it is worth, its location, and the current real estate market. While Phil Reese and the team at West Realty USA cannot guarantee a specific time frame for your business to be sold, you can typically expect the process to take between 6-11 months.
Q: How Is A Business Value Determined?
A: During our free business valuation process, we will determine how much your business is worth by totaling your assets and liabilities, assessing your current earnings, and estimating your projected earnings based on the quality of your goods and their market potential. Typically, a business is worth anywhere from one to five times its annual sales.
Q: What Are The Steps To Put A Company For Sale?
A: There are a few steps in the process to get your business ready to sell. First you will need to determine the value of your company, and get your financials fully cleaned up and organized. Prepare your exit strategy so you know what your next steps are after the business sells. Boost your sales to the best of your ability, and find a business broker to handle the process.
Q: What Do Buyers Want To Know About Your Business?
A: Perhaps the most important thing a potential buyer will want to know about your business is its level of profit. They will want to know that you have a healthy foundation and organized financials, along with a multi-year trend of increasing revenue and increasing potential sales. Buyers will ask about your net worth and want to make sure your licensure is in good standing.
Q: What Are The Taxes I Will Have To Pay When Selling My Business?
A: Typically, when a business is sold, the seller will be liable to pay capital gains taxes. In some states, income tax is also a consideration. Your capital gains are calculated by subtracting the original cost basis from your selling price, along with a 20% federal capital gains tax. Consult with your business broker for expert help determining exactly how much you will pay in taxes.
Q: How Much Time Will I Have To Put Into The Business Selling Process?
A: If you choose to hire a business broker to handle the sale of your business, you can expect them to handle the majority of the process. You will need to gather the appropriate paperwork, work on boosting your sales to attract more potential buyers, and keep in close communication with your broker to understand how the process is going. Schedule a consultation with Phil Reese today to learn what we can do for you!
Top Business Sale Broker In The Paradise Valley Area
Helping Company Owners From Every Neighborhood Sell Their Business
Want To Sell Your Company In Tatum Garden Estates? Give Us A Call!
We offer a free valuation process at West Realty USA, so give us a call today to learn what your business is worth! We will spend time understanding your needs, goals, and financial standing.
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If you are seeking a new owner for your business, reach out to Phil Reese right away! We will schedule a free valuation, and consult with you to determine if it is the right time to sell.
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Are you considering selling your business in Sunset Hills? Let Phil Reese and the team at West Realty USA help you make an informed decision about how to move forward.
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When you are ready to sell your business and move on to something else, Phil Reese and his team of business brokers is ready to help. Give us a call to get started!
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Are you interested in purchasing a business in the Mummy Mountain Park area? Contact Phil Reese to discuss your goals and let us help you get started with the process!
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Contact A Proficient Business Broker Near Paradise Valley
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