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!
I didnt want a broker so I used craigslist and paysites like bizbuysell, businessmart, bizquest.
I even specified NO BROKERS and still get harrassed by them calling me up that I just hang up on them.
But you will deal with the crazies, deadbeats, etc yourself. Be prepared for that. There is no filter between you and joe shmoe.
Lawyer will handle the papers.