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How to Sell Your Business PDF Print E-mail

If you are in the market to Sell your business, here is an overview of the process we will walk you through:

 

Step 1 Initial Meeting and Business Evaluation:  Performed face to face typically at your business (if confidentiality can be maintained) or at our offices if needed. During this 90 minute meeting we will come up with a market sales price of your business based on the information you can provide to us in that meeting. Basically we will estimate what a willing buyer would likely be willing to pay right now for your business.

 

If you like the numbers then we get your authority for us to market and sell your business.

 

Step 2 You Keep Running Your Business:

We take it from there and start marketing your business to our registered buyers and out in the market place using our proven techniques. There is no cost to you, we assume all the risk in searching, finding and matching a buyer to your business. You keep running your business as per normal – confident that our confidential process will protect your business and minimize if not eliminate anyone finding your business is for sale.

 

Step 3 Getting Introduced To Buyers:

After we filter out all the “tire-kickers’ and non-qualified buyers, and then have the qualified potential buyers sign a confidentiality agreement we will setup a ‘buyer-seller’ meeting so you get to meet them and they get to find out more about your business.

 

Step 4 Presenting You an Offer:

Now it gets exciting. At this stage, should the buyer be excited by your business, they are ready to submit an offer.

 

Step 5 Negotiating the Deal:

In our experience we have discovered that “the first offer is often the best”. Still we will help you work with the incoming offer and help you get the best possible price that creates a win: win for all parties involved.

 

Step 6 Offer Acceptance:

At this stage the buyer needs to complete their due diligence. The buyer now needs to be completely satisfied with all the information they have been presented and that they are ready to close the deal.

 

Step 7 Handing over the Keys:

Congratulations! Your business is now sold and you are ready to move on.

 

This entire process usually averages around 90 to 120 days. However an attractive, well-priced business could sell much sooner, and less attractive or businesses priced above market price can (and usually) take longer.