Sell a Business with IBA
Business owners hire IBA professionals to sell their businesses traditionally for one of four reasons. The most common motivation is the business owner wants to retire and does not have a family member or employee capable of or interested in purchasing the company. The second reason is that the entrepreneur enjoyed creating & building the business, but does not derive the same amount of pleasure from managing it or wants to apply their business acumen & resources to another project. The third reason is an entrepreneur has grown the business to the maximum possible level achievable with their skill set, and recognizes that a transition of ownership is in the best interest of the company. The final motivation is the business owner has experienced an adverse personal situation (partnership breakup, divorce, disability, or death). It is important to note that with the exception of the final scenario IBA clients traditionally do not need to sell, they want to sell. IBA does not represent failing business models. We represent successful entrepreneurs interested in selling their privately held companies or family owned businesses. As experienced real estate professionals, we also have the ability to represent business owners in the sale of their associated real estate.
Performance Based Fees
IBA is the most selective business brokerage firm in the Pacific Northwest. We carefully select the businesses we represent for sale because our professionals are achievement motivated and only want to represent companies they can successfully sell in a reasonable time period. We are not interested in building inventory. We are interested in selling companies. We are selective because our reputation with business buyers in the marketplace is that we represent quality businesses at fair prices. This reputation generates a steady stream of business buyers contacting our office. Finally, we are selective because 100% of our business brokerage fees are contingent on successful completion of a transaction. IBA is not interested in collecting retainers & administrative fees as part of our business model. We are interested in getting paid on performance.
Knowledge and Experience
The sale of a privately held company or family owned business is a sophisticated process conducted in an environment of confidentiality that requires expertise in valuation, marketing, negotiations, due diligence, legal documentation, and the administrative succession of ownership. This process can be attempted without professional representation. However, statistics have shown that professionally represented companies typically achieve sale prices more in line with their highest possible market value and spend less time on the market than ones sold directly by ownership. In addition, sellers of professionally represented companies typically experience a smoother sale process with more clearly defined transaction steps and have less post transactional administrative and legal issues to address.
International Business Associates, IBA, is a full service mergers & acquisitions firm that offers its clients comprehensive representation services during the sale process. Please contact our office if you have any questions regarding the representation we provide our clients or if you would like to schedule a time to meet with an IBA professional. All information shared with IBA will be held in strict confidence.
Mike & Sue Patterson, Former owners of Cox Wrought Iron, Inc. and Current Owners of Williams Iron Works and Steve Pool Service.
Even though, the value was substantially less than $500,000, Gregory did a great job of explaining and dealing with all the legal and accounting issues. More importantly, he made sure that the deal would work for both parties. He had a qualified buyer in his client base , so we had an offer on the table within two months.
I am grateful for Greg’s role in getting my business sold and would recommend his service with reservation. Please give my name and telephone number to anyone who wants a referral.”
Steve Dunnington, Former owner of Steve’s News
Keith Lee, Former President & CEO of American Retail Supply
Just a short note to thank you and your company, IBA, for all you did for me and my partner in the sale of Kitchen & Company…. After several years and two other business brokerage firms that attempted to sell my business we crossed paths and within six months you got the job done…Thank you again for a job well done…. You are a man of your word and represent a company that is very thorough and honest…I wish you well and look forward to working with you again in the future… ”
Harry Caraco, President & CEO of Caraco Distributing Company, Inc. dba Kitchen & Company
Roger Thompson, former owner of G&S Heating, Cooling, & Electric, Inc
Why IBA - A Past Client Perspective
Please contact our office if you have any questions regarding the representation we provide our clients or if you would like to schedule a time to meet with an IBA professional.