Comments on: Are business transfer agents worth the money paid to them? http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/ Advice and news about buying and selling a business Thu, 09 Feb 2012 18:32:28 +0000 http://wordpress.org/?v=2.2.1 By: info http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-8016 info Mon, 01 Nov 2010 17:19:44 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-8016 I dont agree with Danny's comments that business transfer agents work for no one but themselves, as many legitimate agents do add value. Clearly though Danny has fallen foul to one of a small number of business transfer agents who do not act in the clients best interest. The moral of the story is that a potential client should fully research the market before signing a contract, as they would have found plenty of similar complaints about certain business agents. I dont agree with Danny’s comments that business transfer agents work for no one but themselves, as many legitimate agents do add value.

Clearly though Danny has fallen foul to one of a small number of business transfer agents who do not act in the clients best interest.

The moral of the story is that a potential client should fully research the market before signing a contract, as they would have found plenty of similar complaints about certain business agents.

]]> By: danny bradly http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-8015 danny bradly Mon, 01 Nov 2010 17:04:26 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-8015 what an incredibly misleading article as all your analysis is based on the business being sold. what normally happens is an agent charges a large up front fee, gets the business owner to sign an exclusive contract and then (unless the business is VERY easy to sell) forgets them. Meanwhile the business owner can't get released from the contract without paying a large redemption fee and his/her motivation collapses as no buyers walk through the door. Transfer agents work for no-one but themselves. Avoid them. what an incredibly misleading article as all your analysis is based on the business being sold. what normally happens is an agent charges a large up front fee, gets the business owner to sign an exclusive contract and then (unless the business is VERY easy to sell) forgets them. Meanwhile the business owner can’t get released from the contract without paying a large redemption fee and his/her motivation collapses as no buyers walk through the door. Transfer agents work for no-one but themselves. Avoid them.

]]> By: Paul http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6110 Paul Tue, 11 May 2010 08:16:37 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6110 I just met a lady at a newsagency yesterday who called me out to sign up as a client - only to have her apologise that she had signed-up with another agent who had called back "on spec" and convinced her to sign up with them. This, and telephone pestering is happenning more and more and people are not making sensible decisions based on facts. Unfortunately many agents now overvalue and make optimistic claims about how easily they can find buyers; and the for clients, the highest valuation is always right! As an agent, we can't help people who won't help themselves and its always the honest agent who loses out in this process. I just met a lady at a newsagency yesterday who called me out to sign up as a client - only to have her apologise that she had signed-up with another agent who had called back “on spec” and convinced her to sign up with them. This, and telephone pestering is happenning more and more and people are not making sensible decisions based on facts. Unfortunately many agents now overvalue and make optimistic claims about how easily they can find buyers; and the for clients, the highest valuation is always right! As an agent, we can’t help people who won’t help themselves and its always the honest agent who loses out in this process.

]]> By: info http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6083 info Thu, 06 May 2010 14:49:34 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6083 I think business buyers have favourite websites either the enquiry comes through businessesforsale.com or daltonsbusiness.com. Not many times do I get the same enquiry from the same potential buyer through both websites. I think that the buyer that finds a website they like and sticks to it, I don't have enough data to recognise any particular trend within any sectors. I think business buyers have favourite websites either the enquiry comes through businessesforsale.com or daltonsbusiness.com.

Not many times do I get the same enquiry from the same potential buyer through both websites.

I think that the buyer that finds a website they like and sticks to it, I don’t have enough data to recognise any particular trend within any sectors.

]]> By: Emilie http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6080 Emilie Thu, 06 May 2010 13:48:52 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6080 What's the difference between buyers on daltonsbusiness.com and on businessesforsale.com? is there any sector where this is better to advertise on businessesforsale.com and others on daltonsbusiness.com? Thanks! What’s the difference between buyers on daltonsbusiness.com and on businessesforsale.com? is there any sector where this is better to advertise on businessesforsale.com and others on daltonsbusiness.com? Thanks!

]]> By: info http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6044 info Fri, 30 Apr 2010 16:15:57 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6044 I know the cost of advertising on daltonsbusiness.com is currently a tad under £100, however buyers have favourites and there is a completely different set of buyers who are registered with businessesforsale.com. The cost of advertising with businessesforsale.com also needs to be added to this cost as well. So the cost would be c £200 for two months advertising. I know the cost of advertising on daltonsbusiness.com is currently a tad under £100, however buyers have favourites and there is a completely different set of buyers who are registered with businessesforsale.com.

The cost of advertising with businessesforsale.com also needs to be added to this cost as well. So the cost would be c £200 for two months advertising.

]]> By: Emilie http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6039 Emilie Fri, 30 Apr 2010 14:31:46 +0000 http://mybusinessagency.co.uk/2010/04/30/are-business-transfer-agents-worth-the-money-paid-to-them/#comment-6039 Advertising a business for 2 months on the Daltons website costs £99.95, not £200 : http://www.daltonsbusiness.com/addbusinesslogin.aspx?new=1 Advertising a business for 2 months on the Daltons website costs £99.95, not £200 : http://www.daltonsbusiness.com/addbusinesslogin.aspx?new=1

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