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From business brokerage to mergers and acquisitions; we are the business sale specialist!

We are business owners, just like you!

From business brokerage to mergers and acquisitions; we are the business sale specialist!

National Reach, Local Expertise

Connecting Entrepreneurs with Opportunities Across North America

Why First Choice Business Brokers Midwest?

The World’s Authority in Business Sales

When you're buying a new business or selling your business, it can be challenging. With so many prospective buyers and opportunities, it can be hard to know where to begin. First Choice Business Brokers Midwest is here to help lead you through the process of buying or selling a business in the area.

Founded in 1994, First Choice Business Brokers is one of the country's most trusted business sales specialists. Our firm has listed and managed the sale of more than $12.5B in successful enterprises. Our experts make the process easier for buyers and sellers and are thrilled to bring our expertise to your area.

Our agents bring extensive training and experience to each sale. With backgrounds in accounting, law, banking, real estate, and insurance, they can assure you are in capable hands.

The Most Trusted Business Brokers

First Choice Midwest is dedicated to delivering an exceptional buying and selling experience. Our business brokers receive comprehensive training and continuing education from First Choice University. They serve you with their expertise in business valuation, business marketing, and negotiations that aid buyers and sellers.

Buying or selling a business is nothing like selling or buying a home. Business sales involve confidentiality and a dedicated broker collaborating with you from the listing, negotiations, and until closing. First Choice Business Brokers has the experienced, licensed professional that you deserve.

Sellers depend on our personal service with individualized attention in their local market. You'll also have the greatest selection of businesses from which to choose. We are proud to be a member in good standing with the International Franchise Association, Canadian Franchise Association, and the International Business Brokers Association. First Choice Business Brokers is also one of Inc.com's Top Business Brokers.

Why Hiring A Local Business Broker is Essential

1. Getting The Right Buyers

Our experts utilize the most comprehensive Purchase Agreement in the industry. A business broker can facilitate meetings with potential buyers. You won't have to waste time sorting out buyers.

2. Professional Financial Networking

When you're in the position of selling a business, it is essential to have an excellent network to back you up. Hiring a financial broker can open new doors for your business. You get valuable financial connections that can help you in many ways, including positioning your business and maximizing its value.

3. Finding The Actual Value Of Your Business

When selling a business, it is critical to have the correct valuation. You can get the correct rate for your business without having to compromise. Hiring a business broker agency can give you a considerable advantage in pricing.

4. Creating A Plan To Sell

There are many aspects to selling your business and a growing to-do list. All these tasks may not be in your scope if you don't have the required expertise in each area. But First Choice Business Brokers have the professionals you need and the right strategy to sell your business effectively.

5. Confidentiality During the Process

Business deals conducted without divulging information to anyone are vital but challenging to do by yourself. On the other hand, business brokers can help keep dealings confidential until the sale is final and you are prepared to divulge the information as you choose to employees and customers.  

6. Assistance With Deal Negotiation

Selling your business means you'll need to negotiate with one or more parties for your price. You might not have the experience required to get the best deal for your business. A business broker can help you during the negotiation phase of the sale.

Cons of Selling a Business Without a Broker

1. Inaccurate Valuation For the Business

Selling a business without the assistance of a business broker can be problematic. The buyers might not give you the proper valuation, forcing you to sell it at a lower rate. It is essential to have a business broker by your side so you can avoid this.

2. Spending Too Much Time And Effort

You can bet you will waste time when you want to sell a business on your own. Hiring a business broker's services can help efficiently sell for maximum value. If you're looking to sell your business, get in touch with FCBB, and we can help.

3. Improper Analysis And Research

The number of businesses has been growing steadily in recent years. Business analysis and valuation are more complex and time-consuming for anyone but the experts. Hiring a business broker ensures that they conduct proper research before selling your business.

4. Handling A Lot Of Paperwork

The sale of a business can generate a lot of paperwork. It can be overwhelming for people who aren't experts. Never mind the sheer quantity, but it can be complicated to sort through it all. Professional business brokers like FCBB step into the process and create a simple step-by-step list and professionals who get it done.

5. Negotiation Might Not Have Best Outcomes

Handling the negotiation by yourself can be problematic for your business. There are chances that you might not get the correct valuation and hence lose money. Opting for a business broker can improve the chances of getting your desired price.

6. No Access To Qualified Buyers

Finding the right prospective buyers for your business is vital to the process. An experienced business broker like FCBB has a list of qualified buyers. You can count on FCBB to bring the right people to you and get you the best deal for your business.

Frequently Asked Questions

1. How To Find If My Business Is Saleable?

First, you must understand your business's characteristics and how you can build selling points for it. It must be attractive to buyers, so you must understand what the potential buyers want and present your business in the best possible light. 

2. Do I Need A Business Broker?

Yes, a business broker has several advantages over a layperson when selling a business. They are experienced and can tap into their networks to ensure that a sale happens quickly and easily. They can also help you get your desired price through negotiation and accurate valuation. Most buyers are happy to have a broker involved.

3. What Is The Easiest Way To Value A Business?

There are several ways to value a business, but none are easy or accurate. The best option would be to approach a business broker agency for a precise assessment and valuation of your company.

4. Will It Take Long To Sell My Business?

The correct answer to this question is that it depends. There is a long list of factors to consider when answering this question. Your motives to sell, the type of sale, the size of the business, its domain, its age, customers, financials, and its readiness to deal all factor into how long a sale will take. 

We can make a generalized statement of 6 months to 3 years or longer. 

Consultation with your FCBB to help to narrow down an estimate of the time it will take to sell your business.

5. What Information Do I Need To Sell My Business?

When selling a business, a lot of paperwork is involved, including many legal documents you will need before you sell the business. First Choice Business Brokers have the documents and the experts to complete the required transactions:

● Non-Disclosure Agreement
● Tax Returns
● Offer-To-Purchase Agreement
● Lease Agreements
● Personal Financial Statements
● Seller Discretionary Earnings
● Accounts Payable
● Inventory List

6. Can I Use My Accountant To Sell My Business?

While this might seem like a good idea, your staff may become overwhelmed depending on your business. You might not get the best results without experts at business valuation. You might end up with far less than you deserved. If you want help with a business valuation, contact us at FCBB.

7. What Are The Types Of Businesses Do Brokers Sell?

The most common types of businesses are:

● Sole Proprietorship
● Franchise
● Corporation
● LLC
● PLC
● PC
● Non-profit

8. Are Business Brokers Confidential About Selling My Business?

Yes, one of the reasons for hiring a business broker is confidentiality. Business brokers are not allowed to divulge information to others. Everything connected to your business is safe and kept from prying eyes. They have the expertise to keep information private and can do it better than doing it yourself. It helps you get the correct value for your business.

9. Will A Business Broker Get NDAs From My Buyers?

Yes, most business brokers selling your business require a Non-Disclosure Agreement before proceeding to share your information. Keeping the circle of knowledge small prevents sharing your data. It can improve the chances of getting higher offers from other buyers.

10. How Do I Get Started With Hiring A Business Broker?

A business broker can give you an obvious advantage when selling your business. It can guarantee you a quick and effective sales experience. When the time comes for you to hire a broker, it is essential to ask these questions -

● How experienced are you?
● Do you have experience with selling businesses like mine?
● Can you put me through with your past clients?
● What valuation methods do you use to determine value?
● What reputation do you have online?