Business Brokerage Service
Selling a business can be a complex process that requires significant forethought and experience. Whether the process is profitable or not will depend on the timing of the sale, the strength of business operations, financial performance, and most importantly, the business broker you choose. A business broker facilitates the sale of a business from start to finish so that owners can focus on what is most important – running the business itself.
Although required, experienced business brokers that deliver value and prioritize confidentiality specifically for small to medium-sized businesses are hard to come by. After hundreds of transactions and over 10 years of combined experience, Bizzy business brokers understand these main street businesses better than anyone.
What are Bizzy Business Broker Services?
Bizzy offers the full suite of business broker services to small and medium-sized companies within Nigeria, through a highly personalized lens. Our brokerage team offers accurate valuations, completed through sophisticated software by our licensed Chartered Business Valuators (CBV). Accompanying our valuations are our Broker Opinion of Value (BOV) reports, outlining and analyzing the company’s qualitative and quantitative characteristics.
If looking to sell, our business brokers create confidential marketing materials and showcase your business to our global network of buyers. We liaise conversations between you and prospective buyers, as well as assisting with negotiations and final closing. At Bizzy Advisors, we are with you through every step of the process, from initial valuation to final negotiations – providing you with personalized business broker services, backed by resources only found at investment banks.
In addition to our transaction services, Bizzy Advisors also provides salability consulting, assisting in the preparation of your business sale including preparing the financial and operational state of your company for the buyer’s review.
What is Bizzy Business Broker Focus?
At Bizzy Advisors, our goal is to assist small and medium-sized businesses with the successful sale of their company. Our focus is on companies looking to sell within Nigeria, in a variety of industries.
We’ve worked with hundreds of companies in Abuja, Lagos, Porth Harcourt, Delta, Kano, Kaduna, etc. We take special consideration for each business we work with, learning the ins and outs of each so that we can market and valuate as accurately as possible. Due to the in-depth nature of our approach, we can effectively work with any sized business in all industries, ranging from the automotive industry to the manufacturing industry, to the tech industry, construction, and the wholesale and distribution industry.
During the sales process, our business brokers focus primarily on confidentiality and simplicity. We use encrypted data rooms and take special consideration while marketing to ensure only qualified candidates receive access to your company’s info. We focus on keeping you in the loop through every step of the process while sorting out the heavy lifting of the transaction; guaranteeing that the sale of your business is simple and straightforward.
What is Bizzy Business Broker Process?
Step 1: Valuing the Business
The most important aspect of selling a business and the first thing a business broker does is determine the fair market value of the business for sale. To do this, a thorough analysis of historical and year-to-date financial statements is conducted. Our brokers will enter into discussions with the company’s management about all operational, marketing, or legal factors that impact the cash flow and risk profile of the company to further support the accuracy of the valuation. Once this is done, our business broker will suggest an appropriate selling range to you and highlight any shortfalls that may affect a sale.
Bizzy utilizes sophisticated and innovative methods to analyze the company’s financial and operations data to provide clients not only with valuation and pricing expectations but also recommendations on steps to enhance their value proposition.
Step 2: Marketing the Business for Sale
Once the valuation is complete, our business brokers start to market the opportunity for sale. Prospective buyers are given a Confidential Investment Memorandum (CIM) – a document prepared by the business broker to provide an in-depth understanding of the company’s operations, competitive advantages, and financial health. At this stage, our brokers will ensure that news of the sale remains confidential so that staff, customers, and suppliers find out only when you are ready.
Step 3: Negotiating the Sale of the Business
A seasoned business broker can weed out the “tire kickers” from motivated buyers with financial backing who are well-suited to run the business. During this step, our broker will make introductions between the prospective buyer and seller, assist in the preparation of due diligence materials, and negotiate deal terms that best fit your requirements.
Business brokers that work with Bizzy are particularly skilled at screening potential targets to a level where zero time is wasted in discussions with the wrong group. After receiving multiple Letters of Intent (LOI) and signed Non-Disclosure Agreements (NDA’s), our team pinpoints the best buyer for the business as quickly as possible. When it comes time to close the deal, there is little left to negotiate except for transition, timing, and price.
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