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!
Same, there is no legal or certification requirement to be a business broker. Lots of sketchy / dodgy players out there and not a lot of legal recourse on bad/misrepresented deals.