Your choice of a Dallas business broker is one of the most critical decisions when planning and executing your exit strategy. The last thing you want is to switch business brokerages in the middle of the sales process; this can lead to major losses in time and money. This guide is designed to help you choose the best business broker in Dallas, TX. Specifically, we discuss what makes a good broker and present to you what we believe to be the four best business brokers in Dallas.
What Makes a Good Dallas, TX Business Broker?
The unfortunate reality is there are many scams and poor brokerage service companies in Dallas, TX and the surrounding areas. In far too many cases, business owners choose the wrong broker and have to change in the middle of the sales process, leading to major delays and setbacks.
To avoid this, you should consider the four areas below when you choose your business broker. You can also choose a broker from the list below as they check all four boxes and provide reliable and trusted business brokerage services in Dallas, TX.
- Experience – No two sales are the same. You need a broker with experience that is able to navigate unforeseen obstacles and challenges. From helping you plan your strategy to ensure the buyer is able to receive financing, experience helps in all stages of the sale process.
- Location – Of course, you want a business broker within your own area. The fact is a broker in Michigan does not offer the local expertise that you need to find buyers within the state of Texas. You should cross out anyone from the Dallas area (and surrounding regions), particularly if you are located in the area yourself.
- Services – We recommend a full-service business broker; you should avoid brokers who only assist you in a limited capacity or merely offer advisory services.
- Fee type – Your Dallas business broker should work based on success fees. This means you only pay once a deal is complete. You should avoid any brokers who charge excessive and unreasonable upfront fees. In far too many cases, they are a scam.
What are The Best Business Brokers in Dallas, TX?
A quick Google search may yield dozens of Texas business brokers. It is both time-consuming and overwhelming to sort through them all, and you still risk choosing the wrong one. For this reason, we have created this guide of the four best business brokers in Dallas, TX. We have also separated them based on their specialty. Notably, the best brokerages are:
- Sigma Mergers and Acquisitions (The Best for Large Companies)
- Jon Peters, Murphy Business Sales (The Best for Moderate-Sized Businesses)
- Transworld (The Best for Small Businesses)
- Douglas Batts, Murphy Business Sales (The Best for Small Businesses)
- EATS Broker (The Best for Restaurants)
Sigma Mergers and Acquisitions (The Best for Large Companies)
Sigma Mergers and Acquisitions is a business brokerage with corporate headquarters in Dallas, TX. They also have offices in Houston and Fort Worth. They are great for large companies and corporation owners due to their local experience in the Dallas area and their extensive connections with wealthy potential buyers who are in a position to purchase a large, multi-million dollar company.
There are unique challenges for large companies in the field of potential buyers; many are simply not able to pay or get the financing they need to purchase a large company. For this reason, Sigma Mergers and Acquisitions is a great choice. They have years of experience selling to companies of all sizes. Specifically, they specialize in the sale of companies that are valued between $1 million and $100 million.
So, what sets Sigma Mergers and Acquisitions apart from other Dallas business brokers? Well, their experience. They have operated in the local Dallas region for 20+ years. During that time, they have sold more than 600 companies for fair market value (or higher). The president, Scot Cockroft, also has direct experience selling his own company, and he takes pride in quality valuations and the ability to procure fair market value during the sale.
Jon Peters, Murphy Business Sales (The Best for Moderate-Sized Businesses)
Jon Peters is a business broker at Murphy Business Sales. He resides in and represents Plano, Collin County, and the surrounding areas. Jon works with small and moderately-sized businesses alike. If you own a business in Plano, Dallas, or the local region that is valued at around $500K or less, then we highly recommend Jon Peters as your local business broker.
So, what sets Jon Peters apart? His client-focused approach. Jon understands how to personalize a sales approach that allows the seller to achieve full value in a sale. He also has a real estate license; this is important if you are also selling commercial real estate in the business sale. No matter the industry, if you are a small to moderately sized company ($500K in value or less), then you can trust Jon Peters from Murphy Business Sales as your Dallas business broker.
EATS Broker (The Best for Restaurants)
EATS Broker is a full-service Business Brokerage practice solely focused on the restaurant industry. Restaurant sales may look different than it does for other industries. For this reason, we recommend choosing EATS broker if you are selling a restaurant in Dallas, TX or the surrounding area, especially if you are a small company with one (or only a few) locations. They work with all restaurant types from fast food restaurants to fine dining establishments in Dallas, TX.
So, what makes EATS Broker the right choice for restaurant owners who are planning their exit strategy? Well, they understand the restaurant industry well. With restaurants, you are generally selling to someone from the Dallas, TX area, and you need a brokerage such as EATS broker who understands the local buyer’s market. Also, they are experts in valuations and can ensure you have a justifiable asking price that allows you to sell for fair market value.
Transworld (The Best for Small Businesses)
Transworld is a large company with more than 250 locations worldwide. However, they are based in Dallas, Texas. They have an established process that allows them to successfully sell for optimal value the majority of the time. Due to their good reputation in the Dallas community (and across the world, we recommend them for small companies with a relatively straightforward sales process. However, they may not be as ideal for selling companies that are less common, such as those with a high net income and/or are in specialized industries.
So, what sets Transworld apart? Their size. They are a large company. Although this may not be for everyone, particularly those who desire more of a personal touch and relationship with the brokerage owner, they have reliable business brokers that work alongside you throughout the deal. They have sold more than 10,000 companies across the world, and their proven processes are right for small companies in the Dallas area.
Douglas Batts, Murphy Business Sales (The Best for Small Businesses)
Douglas Batts, Sr., a U.S. Army Captain veteran, is an award-winning business broker for Murphy Business Sales. He is located in Richardson, TX, and he has considerable experience with mergers and acquisitions in the area. Specifically, Douglas understands how to help sellers receive full value for their company in Dallas, TX and the surrounding areas.
So, what sets Douglas Batts apart from other Dallas business brokers? His experience and passion. He brings 30+ years of experience to the table and is a pleasure to work with. If you need to plan your exit strategy and sell your small business in Dallas (or the surrounding area), then Doug can help you do precisely that.
Contact Sigma Mergers and Acquisitions Today
Here at Sigma Mergers and Acquisitions, we take pride in our ability to find qualified buyers who are able and willing to pay fair market value for your company. We use customized strategies to help ensure we deliver results, and we never rely upon cookie-cutter approaches. Additionally, we offer free, no-obligation business valuations; contact us today to receive your free valuation.
Sigma Mergers & Acquisitions sells businesses valued between $1 million and $100 million. We have helped sell 600+ businesses over the past 20 years. We charge NO upfront fees ever, and you pay us only when we sell your business for a price that meets YOUR goals.