My dad is preparing to sell his construction services company. It was valued at $1M, he’s got 3 potential buyers lined up and isn’t interested in selling to any big name companies that will just consume the company; not keep it going.

How do we go about selling the business without a broker. ~10% broker fees seem ridiculously high when there are already buyers lined up.

What am I not thinking of? Any and all advice and direction greatly appreciated!

  • gmsegurado@alien.topBEnglish
    1·
    10 months ago

    Hey there,

    (1) At least study how the process works and (2) definitely hire an M&A lawyer for at least a consult on the process. It MUST be an M&A specialist. He alone will make sure everything goes smoothly.

    You can find great M&A lawyers on twitter.

    I recommend buying the best book on the topic: HBR Guide to Buying a Small Business.

    All the best!

    GMS