If you’re planning to sell your agency, you should consider working with an insurance consulting service provider. When you let the experts negotiate the terms with the prospective buyer, you can be sure you’ll get the best price for your agency. Conversely, trying to handle the job on your own leaves you with no guarantees of ending up with the price you initially projected.
Reasons Why You’d Want to Work with a Professional
You’ll Save Time and Money
The process involved in selling any type of business requires a considerable amount of time and money. As an agency owner who wants to sell, you should plan and strategize in advance. The last thing you’d want is to find yourself in the middle of a failed transaction and postponing your goal of selling your agency.
The best way to avoid these problems is to work with a professional who knows the marketplace and specializes in every aspect of the sale of an insurance agency. They know how to handle the sale preparation while upholding confidentiality. They also conduct a prospective buyer screening, check an offer’s deal terms and transaction structure, and manage the selling process. Working with a team of experts means getting the best financial outcome for yourself without wasting your time and money.
You Can Bring Multiple Buyers into the Mix
In most cases, agency owners who try to sell their business without professional help end up negotiating with just one buyer. With nothing to compare that offer to, they’d have no idea if it was a good one.
With the help of an expert, you won’t have to negotiate with just one buyer because they can solicit multiple offers from various buyers with capital and deal experience. Since the buyers know there’s competition, they’re bound to give you their best offer, and you’ll get a real sense of your agency’s market value.
Looking for an Insurance Consulting Professional?
If you’re exploring the sale of your agency, schedule an appointment with Energia Consulting Partners, LLC. We’ll make sure that you’ll get the highest sale price for your business.