Our Services for Business Sellers…
- Educate you regarding the business for sale process and issues faced when you sell a business.
- Keeping the business sale transaction confidential.
- Conduct a pricing analysis to determine the best asking price for your business.
- Develop an effective marketing strategy to sell your business.
- Put the offering package of the business in front of the most potential buyers.
- Pre-qualify potential buyers prior to divulging sensitive information.
- Manage transactional details and paperwork.
- Help establish terms of sale.
- Assist the buyer in an effort to give the transaction the most potential for a successful closing, i.e. financing.
The Sell a Business Process…
Step 1 is to contact business brokers for information about how they charge, what they charge and how you generally feel about them. We will provide you with a selection of business brokers until you find one you’re happy with. Select a business broker.
Step 2 is to work with your business broker in establishing the most appropriate asking price and put business broker and client understandings on paper in the form of a listing agreement. The listing price is the price you agree to sell the business if the broker brings a qualified buyer willing to purchase at that listing price.
Step 3 is to supply your broker with all relevant information about your business so that they can complete an offering memorandum. The broker will discreetly and confidentially make the market aware of your business’s availability including some general information about it.
The 4th step is for your business broker to screen and qualify each potential buyer.
Step 5 is for you, with the help of your business broker, to negotiate a price and terms agreeable to you and the buyer.
Step 6 is the removal of contingencies explained in the contract to purchase the business.
The final step is to close the transaction.
Your business broker will continue to work with you after the sale of a business with any remaining terms and/or conditions of the sale until the seller is completely separated from the business.
