Selling a business is rarely as simple as putting it on the market and waiting for the right buyer to come along. Owners need to understand what their company is worth, find qualified buyers, negotiate a deal, and navigate due diligence and closing. They need to do this all while continuing to run the business, which is no easy feat.
This is where a business broker can make a difference. Bridge Point Business Brokers positions itself as a partner throughout the process, helping business owners prepare for a sale, find buyers, and negotiate transactions. It also works with people who are looking to acquire businesses.
But, what makes them particularly interesting is the combination of business brokerage, validation expertise, and real estate services. The company says that their team brings together certified business valuation expertise, CPA and CVA credentials, as well as appraisal experience.
So, is this company worth considering? That’s what we’re going to be looking at down below, so if you would like to find out a little more about this company, let’s get into it.
Who Are Bridge Point Business Brokers?
Bridge Point Business Brokers is a business brokerage and real estate advisory company based in Spring Hill, Florida. The company helps business owners and entrepreneurs with buying and selling businesses, while also providing business validation and real estate related services. The website says that its goal is providing expert guidance and confidential support throughout business transactions.
One of the key selling points of this company is their combination of business and real estate expertise. This can be super helpful when a business being sold involves commercial property, as clients can potentially address both sides of the transaction through the same provider.
They are proud to say that they have a 99% client satisfaction rate, have a high deal volume, and a large number of transactions completed over their time. As well as this, the company highlights on their website that they have over 20 years of experience in the industry, and that they have sold more than 100 businesses.
What Do They Offer?
This company offers services for both business sellers and business buyers, with valuation sitting at the center of what it offers. For sellers, the company is able to provide assistance from the initial assessment, all the way to closing. They look at the business and its financial performance, carrying out a valuation, developing a pricing strategy, marketing the business, qualifying prospective buyers, negotiating the transaction, and supporting the closing process.
The company says it takes around 6 to 12 months, although the timeline will depend on the individual transaction that is taking place.
For buyers, they offer business acquisition services, including due diligence, financing assisting, negotiating, closing support, and more.
We do want to highlight that business valuations are a significant part of the company’s offering. Bride Point provides professional valuations intended to help sellers establish a realistic asking price and buyers make more informed acquisition decisions. The company says its valuation process considers factors including assets, earnings, market conditions, and growth potential, while using a range of comparisons to complete this.
The real estate side of the business is another thing that helps them stand out. They include real estate advisory services, while the team has experience in real estate brokerage and appraisal credentials.
What Was Good About Them?
We have to say that one of the biggest positives is the integrated approach that the company takes. Business sales can become more complicated when the company, its assets, and the property interests all need to be considered. Bridge Point’s combination of brokerage, valuation, and real estate expertise can reduce the need to coordinate across multiple professionals.
The company’s structured sales process is another positive. Rather than simply listing a business, they have a seven step process that covers assessment, valuation, pricing, marketing, buyer qualification, negotiation, and closing.
It’s also worth highlighting their valuation expertise because having professionals who understand financial analysis and business valuation can help owners avoid choosing an asking price based on what they think their company is worth.
The fact that they are so hot on confidentiality is another huge bonus. Selling a business can be sensitive, especially when employees, customers, and competitors aren’t supposed to know that this is happening. This company highlights confidential processes as part of its offering.
What Wasn’t So Good About Them
First, business brokerage is highly individual. A company’s overall transaction numbers don’t necessarily tell you how experienced its team is with your specific industry, business size, or type of transaction. We’d recommend asking who would actually handle your sale, and look at relevant examples before you commit to them.
Of course, we also want to highlight that the website contains different headline figures in different areas. This isn’t necessarily a concern, as figures can change as transactions are completed, but prospective clients may need some clarification before they choose to partner with anyone.
Then, there is the question of cost. It’s a costly investment to get involved with a business brokerage, and fees can vary according to the transaction. Prospective clients should make sure that they understand the fee structure, what services are included, and whether there are any additional costs that they need to be aware of.
Our Overall Opinion
So, when all is said and all is done, is Bridge Point Business Brokers a good investment? We would say so. The company has a lot of expertise that buyers and sellers alike can benefit from, which makes them a highly valuable partner to have. As long as you know what to expect, and you are clear on what they can and cannot do, we see no reason that you should not be considering this company as your partner throughout this process. Do your own research though and come to your own conclusions, don’t just rely on what we have told you.
We hope that you’ve found this helpful, and now know a little more about Bridge Point Business Brokers.
