Understanding the Process of Selling Your Business

We put together an outline describing the key stages to help you better understand selling your business. Feel free to reach out if you have any questions.

1. Business Valuation and Preparation

• Analysis of your business's financials, operations, market position, and assets.

• Determination of a realistic market value.

• Execute a representation agreement

  
  

2. Marketing Your Business

• Developing a tailored marketing strategy.

• Preparing an information packet (confidential business review) for potential buyers

• Confidentially marketing to our network of potential buyers.

• Handling initial buyer inquiries and screening potential buyers.

  
  

3. Buyer Negotiations and Offers

• Facilitating discussions and negotiations with interested parties.

• Presenting and reviewing offers with you.

• Negotiating terms and conditions to achieve the best possible outcome.

  
  

4. Due Diligence

• Assisting the buyer in verifying the business's financials, operations, and legal status.

• Assisting the sellers in the disclosure process

• Addressing any concerns that arise to ensure a smooth process.

  
  

5. Closing Preparation

• Working with escrow, attorneys, and accountants to prepare necessary documents.

• Finalizing the terms and conditions of the sale.

• Scheduling a closing date.

  
  

6. Closing and Transition

• Overseeing the final transaction and transfer of ownership.

• Assisting in the transition process to ensure a smooth handover.

  
  

7. Post-Sale Support

• Providing support and advice post-sale to ensure a successful transition.

• Remaining available for any questions or further assistance.

Selling a business is a complex process, and we are here to assist you at every step.

We also have an FAQ: Selling your business, which we put together to cover many common questions from business owners as they prepare to sell their businesses.