How to Hire a Broker

How to Hire a Broker

Author: Brad Johnson June 6, 2019 Duration: 22:16

et’s say you find yourself in the fortunate position to have a wonderful asset that you’ve operated for a number of years — whether it’s real estate or an operating business — and you’re ready to sell it. And now, you’re faced with the decision of how to actually sell it. Do you hire a banker or a broker? And if so, how do you go about finding a good one? 


Today we’re answering both of these questions and filling you in on all of the juicy details of hiring a broker! 


Key Takeaways:

[:11] About today’s episode.

[:48] Should you hire a banker or a broker? And what is the difference between the two?

[6:02] Why don’t people hire a banker or a broker?

[8:49] How much does a decent banker or broker cost?

[11:51] How to find and identify a good broker!


Mentioned in this Episode:

Broker

Lehman formula


For More on The Alternative Investor, Check Out:

TheAlternativeInvestorShow.com

The Alternative Investor on iTunes — Leave us a review!


Hosted on Acast. See acast.com/privacy for more information.


For those looking beyond the ticker symbols, The Alternative Investor explores the tangible and often complex world of assets that don't trade on a public exchange. Host Brad Johnson, drawing from his experience at Evergreen Capital, believes a well-rounded portfolio often exists outside the daily noise of the stock market. This podcast digs into the practicalities of private equity, real estate, venture capital, and other non-traditional avenues. While these opportunities can offer different paths to growth, they come with their own unique set of questions and due diligence. Each conversation is geared towards demystifying that process. You'll hear detailed discussions on how these investments actually work, the structures involved, and the long-term mindset they require. The aim isn't to offer quick tips, but to provide a clearer framework for evaluation. Johnson breaks down real-world cases and strategies, focusing on the critical factors that can influence an outcome. It’s a resource for anyone considering how to allocate capital towards assets that aren’t as easily quoted or sold, with the understanding that higher potential returns often walk hand-in-hand with increased complexity. Tune in for a straightforward take on building resilience and potential through alternative holdings.
Author: Language: English Episodes: 50

The Alternative Investor
Podcast Episodes
We Talk to a Guy Who Bought a Business with an SBA Loan - EP.38 [not-audio_url] [/not-audio_url]

Duration: 43:50
Just as this title says, we talk to guy who bought a business with an SBA loan! Nick Haschka is an entrepreneur and investor who lives in the San Francisco Bay Area, with his wife and two kids. He owns a small business c…
Should You Get an MBA? - EP.37 [not-audio_url] [/not-audio_url]

Duration: 29:12
We often get emailed by 25-35 year olds interested in getting into private equity, venture capital, or real estate private equity, wondering if it’s worth it or not to go get an MBA. Both Brad and I have our MBAs (which…
How to Buy a $2 Million Business for $200K - EP.35 [not-audio_url] [/not-audio_url]

Duration: 21:52
Today’s going to be a fun episode because we’re really excited to talk about today’s topic: SBA loans.If you think you need $1 million to get started in buying a company then this episode is for you. You don’t always nee…
To Hold or to Sell? That is the Question - EP.34 [not-audio_url] [/not-audio_url]

Duration: 17:05
In this episode, we’ll take you below the surface for a much deeper analysis on all the variables you need to take a look at before closing the deal.Key Takeaways:[:13] You’ve been running a great piece of real estate fo…
What is a Covered Land Play? - EP.33 [not-audio_url] [/not-audio_url]

Duration: 17:27
oday’s episode is about Covered Land Plays! A Covered Land Play is when you buy a property based on the existing use of that asset… but, what you’re really buying for is the land (in the hopes that someday it’s going to…
Don't Be Fooled By EBITDA - EP. 32 [not-audio_url] [/not-audio_url]

Duration: 13:41
Today we’re talking about an incredibly important topic: the dangers of mistaking EBITDA with Cash Flow.It’s so tempting when you’re looking at a lot of these small businesses to buy and you see this metric called EBITDA…
What is a Search Fund? - EP.31 [not-audio_url] [/not-audio_url]

Duration: 30:05
In this week’s episode, Brad and I discuss search funds! We explain what a search fund is (and who’s funding them), the four main steps, how they originally got started, who they’re great for, and why you should use one.…
How to Raise 10 Million Dollars - EP.30 [not-audio_url] [/not-audio_url]

Duration: 35:44
In today’s episode we answer one of the questions that we probably get most frequently from people looking to break into the industry, and that is: ‘Once I’ve found the deal, how do I make it happen?’ Using the example o…