Beware of persons or companies that represent that they can sell your business for a high value if you simply pay them a substantial up-front fee. These companies prey on the hopes, dreams, naïveté and desperation (at times) of business owners. They ask for $8,000 to $40,000 in a single, up-front payment — before they have produced anything! They often tout a pipeline of overseas buyers, or “Wall Street buyers” — ones you conveniently cannot verify.
Always keep in mind: If it sounds too good to be true, it probably is.
Few tenured, talented and competent business brokers will agree to represent …