Contact Bighorn
Business
Brokers Today!

Ready to take the next step? Give us a call to discuss buying or selling a business with one of our experienced brokers.

Address

4630 50th St, Ste 600
Lubbock, TX 79414

Office Hours

M-F: 8AM - 5PM

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Bighorn Business Brokers
4630 50th St #600, Lubbock, TX 79414
Bighorn Business Brokers
4630 50th St #600, Lubbock, TX 79414
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FAQ

What does a business broker do?

A business broker helps business owners sell their business and assists buyers in finding the right business to purchase by handling valuation, marketing, negotiations, and the closing process.

How is my business valued?

Your business is valued based on several factors including financial performance, industry trends, market conditions, and comparable sales. Brokers often use methods like Seller’s Discretionary Earnings (SDE) or EBITDA multiples, adjusted for your specific sector. A detailed analysis helps arrive at a realistic asking price that attracts qualified buyers.

How long does it take to sell a business?

On average, it takes 6 to 12 months to sell a business, but this can vary depending on the industry, business size, and market demand. Proper preparation, realistic pricing, and organized financials can help speed up the process.

How are business brokers compensated?

Business brokers typically work on a success-fee basis, meaning they are paid a commission when your business sells. This fee is usually a percentage of the final sale price. Some brokers may also charge an upfront marketing or listing fee, which should be clearly explained before engagement.

Do I need to disclose everything about my business?

Yes. Full disclosure is essential to ensure a smooth sale and protect all parties legally. Buyers conduct due diligence to verify details, so any undisclosed issues could jeopardize the deal. Transparency builds trust and reduces the risk of disputes later in the process.

What happens after I get a buyer?

Once a buyer is identified and terms are agreed upon, the deal enters the due diligence phase. During this time, the buyer reviews your business's financials, operations, and legal standing. After successful due diligence, contracts are finalized, financing is secured if needed, and the deal closes.

What types of businesses do you work with?

We work with a wide range of small to mid-sized businesses across various industries, including retail, manufacturing, professional services, hospitality, and e-commerce. If you're unsure whether your business qualifies, reach out and we’ll let you know how we can help.

Can you tell me what my business is worth?

Yes, we offer a complimentary business valuation. This provides a market-based estimate of your business's value based on current financials, industry data, and comparable sales. It’s a great first step to understand your options before listing.

What do I need to get started?

To get started, you’ll need recent financial statements (ideally 3 years), a list of assets, lease agreements, business licenses, and a basic overview of operations. Once we review your information, we’ll guide you through the process from valuation to closing.