In this review, we will comb through many aspects of the best business brokers in Indiana. By understanding what they do and how they can help you, you can make the right choice. Not all business brokers in Indiana are equal and having that knowledge can be invaluable.
When the time comes to sell your Indiana-based business, you will want the best possible people on your side. Choosing a business broker to help you sell your company is one of the most important decisions you can make. By knowing what to look for, you find the best business brokers in Indiana for you.
When organizing yourself for such a big transaction, you should ask yourself a few things. One question you should ask yourself is whether or not you are actually ready to sell. Many business brokers in Indiana offer free business valuations to help you make that decision.
Transworld Business Advisors – Indiana
The team at Transworld Business Advisors is made up of entrepreneurs and investors. They understand the process of buying and selling a company. Their entire business model is based on that experience and their success can be attributed to it.
Transworld Business Advisors is a franchise operation that is working in offices all over the country. Their Indiana affiliate is Mike Berry who works with clients in the area. Because of this, they could be a good choice for owners dealing in real estate or other brick-and-mortar companies.
The online marketplace where Transworld Business Advisors lists their roster is varied. There are all kinds of companies for sale in all kinds of industries. This means that no matter what kind of company you have, they have the know-how to sell it.
If you are interested in a new venture after selling, they make it easy to search through the listings. You can even filter through listings that include real estate or have real estate available. This is incredibly helpful if you want to filter out brick-and-mortar companies.
One of the downsides of Transworld Business Advisors is that they are not exclusively a business broker in Indiana. They have an office that services the area but they are nationwide. Because of this, they may not be your best choice if you want to keep your transaction local.
Sunbelt Business Brokers – Indianapolis
The team at Sunbelt Business Brokers have a combined 100+ years of experience in business brokerage. This kind of dedication to the craft is certainly something that a business owner can relate to. On top of that, many of them have been business owners themselves before moving on to Sunbelt.
Sunbelt Business Brokers are leaders in the scene of business brokers in Indiana. With a track record that has them working almost exclusively in Indianapolis, they know the area. This kind of localized specialization might be perfect depending on what kind of company you have.
Sunbelt Business Brokers sells all kinds of companies but has a few that it seems to focus on. Hospitality and manufacturing are two of the most prominent industries represented in their roster. Because of this, if you are in those industries, they might be perfect for you.
If you are a buyer and you want to buy a business locally, they might be a good choice. With such a vast knowledge of the Indianapolis market they know what does and doesn’t sell. Finding a new venture with them could be a lucrative choice.
If you want to sell a business outside of the immediate Indianapolis area, they may not be the best choice. With their focus on that metro area, they might not have the experience with other parts of the state. There are plenty of business brokers in Indiana who do.
Indiana Equity Brokers
Many of the agents working for Indiana Equity Brokers have been buying and selling companies for over twenty years. Personal relationships with buyers are what makes a broker valuable. By having this experience, you get to benefit from their deep buyer pool.
Since 1996, Indiana Equity Brokers has been selling companies in Indiana. They understand the complexities of that specific market and what it takes to make a sale. This is incredibly valuable if you are trying to sell to a local buyer.
Indiana Equity Brokers has a sales roster that is all over the map. Everything from auto dealers to dog groomers are up for sale. Because of this, your company will most likely fit in on their online marketplace.
For buyers, the businesses they have for sale have many different price points. Some have annual sales as little as $20,000 and others have many more figures. Depending on your needs, you can find a business that fits your budget and income requirements.
This kind of wide variety of companies also have its downsides. Many times, the secret to successful sales is specialization. The fact that Indiana Equity Brokers sell such a wide range of businesses means your final sale price could suffer.
American Business Investors
For over 30 years, American Business Investors have been based in Indianapolis and making Mergers & Acquisitions deals. Their founder, William L. Goss, was an owner and operator of mid-sized businesses for years before becoming a broker. This insight into the process is a major plus when looking for business brokers in Indiana.
While American Business Investors sells several manufacturing companies outside Indianapolis, they primarily deal in the city. This makes them a great choice if you are based in Indianapolis proper. Their familiarity with the area could get you a higher valuation in the long run.
The companies in their roster that lie outside the major metropolitan area of Indianapolis tend to be more industrial. Most of these are things like manufacturing, plating and steel. However, if your company is in Indianapolis, they take on almost any industry.
American Business Investors only has three agents working in their brokerage. Because of this, they keep a fairly small portfolio of companies up for sale. Buyers who are not part of their targeted demographic may not find what they are looking for here.
While it can be a major plus that they have so few businesses that they represent, there are issues. They may not have the resources that some of the bigger brokerages have. This could be an issue if you are trying to reach as many buyers as you possibly can.
BIB Group Inc.
BIB Group Inc. is a business broker in Indiana that has been dealing in Mergers & Acquisitions for 30 years. Founded by Marcia Conley in 1983, they are able to offer all kinds of extras like financing. Not to mention the wealth of experience they bring to the table.
BIB Group Inc. is located in the Fort Wayne area. Because of the industrial nature of a lot of the businesses they sell, they do not sell much in urban areas.
One of the things that BIB Group Inc. focuses on is preparation. They want to make sure that you have as much of your house in order as possible. They understand that this will ensure that you get the highest valuation price for your company.
Although BIB Group Inc. is interested in taking on all kinds of businesses, they have a fairly specialized buyer pool. This pool consists of buyers interested in things like Industrial Manufacturing, Distribution, Textiles and Metal Working. Because of this, your company may not fit in.
Their very specialized roster is both a positive and a negative. If your company falls into those categories, you have a good chance of selling due to the specific buyer pool. If not, you will have to list your business elsewhere.
Indiana Business Advisors
If you are looking for a deep well of experience, Indiana Business Advisors is for you. They have sold over 2,100 businesses since 1981. Their entire philosophy is based around taking the mystery out of selling your business.
They have a long history with selling and buying business in Indiana. They specialize in Main Street type companies that are the backbone of many communities. If this is the type of business you own, they could be a good option for you
One thing that Indiana Business Advisors does that is different than other Indiana business brokers is deal in restaurants. A lot of brokers won’t deal with the hospitality industry due to its complicated regulations. Indiana Business Advisors has the experience to help you with that kind of company.
The online marketplace on Indiana Business Advisors’ website is easy to navigate. If you are looking to move on to another company after selling, this is a good place to start. Their marketing materials are clear and they have done their due diligence.
One downside is that they have a relatively small roster but it is not specialized. Usually, if you are not dealing in niches, you should have a larger roster, but Indiana Business Advisors does not. This could be an issue if you want to sell quickly.
Indianapolis Business Brokers
Indianapolis Business Brokers is an affiliate of Murphy Business Sales. Their local agent, Tom Feick takes care of the Mergers & Acquisitions in that area. Because of this, if your company is located in Indianapolis, he will know the best plan of attack.
If you are outside the metro area of Indianapolis, you may want to go with another Indiana business broker. Indianapolis Business Brokers is specific to the city so it would be best to stick to their area of expertise. This is true with any of the business brokers in Indiana that we have reviewed.
Indianapolis Business Brokers deals in a lot of real estate and real estate related businesses. Because of this, they could be a great choice if you are in that business in Indianapolis. It is also good if you are trying to break into that business.
Buyers can look through their roster and make decisions based on their listings. Most of their companies have total sales over $1,000,000 and are local to the Indianapolis area. These are important considerations for anyone looking at business brokers in Indiana.
Acuity Mergers & Acquisitions
The founder of Acuity Mergers & Acquisitions, Dave Kaverman, comes from a background of corporate management at GM. This kind of large-scale management experience transfers nicely to business brokerage. Because of this, you will have top-level experience at your fingertips.
Acuity Mergers & Acquisitions works with businesses from all over the country but is based in the Fort Wayne area. Because of this, they have a unique insight into that particular part of the state. They can also focus on other areas due to their wider reach than other business brokers in Indiana.
Acuity Mergers & Acquisitions keeps a relatively small roster. This can be a pro and a con due to the exclusivity. Should they choose to take you on, though, you can expect a lot of attention.
For buyers, Acuity Mergers & Acquisitions has a unique process. They have both the buyer and the seller sign off on their own individual expectations. This can be helpful in ensuring that the transition is both smooth and mutually beneficial.
One of the more complicated industries to sell your company in is medical practice. Due to the insurance, patient records and legal considerations, it is very complicated. Ddsmatch.com specializes specifically in selling dental practices.
Ddsmatch.com has offices all over the United States. This can be helpful since many dentists look for new practices when moving. By selling your practice with Ddsmatch.com you are opening yourself up to their entire network.
Ddsmatch.com deals only in dental practices. If you have another type of medical practice, there are other business brokers in Indiana that will take your sale. The best business brokers in Indiana can successfully sell any company.
One of the downsides of Ddsmatch.com is that they are not specific to Indiana. They are a national company with offices in the state. You may want to stick with a broker that is more locally focused, especially if you are a family dentist.
The same principles of complicated sales apply to accounting firms. Luckily, Naab Consulting specializes specifically in selling and financing accounting practices. These complicated transactions shouldn’t be left to just anyone.
Run by two CPAs, Naab Consulting is based specifically in Indiana. This makes them a great choice if you have local roots and want your firm to stay that way. Many accounting firms have deep connections to the local business community and Naab Consulting understands that.
Naab Consulting deals only in accounting firms. This kind of specialization is key to getting the best value for your company. The only people looking at your firm are people who are already interested in buying. This is a major plus.
The only downside of Naab Consulting is that they don’t serve other industries. Luckily, there are plenty of other business brokers in Indiana that will be happy to handle your sale.