Thinking about selling your business?

Below is an overview of the steps needed to broker a successful sale.

The 1st logical step is to gage the market. To find out what similar types businesses are selling and have sold for based on similar revenues and cash flow. All we need to provide you with a comparable sales report is to know your average annual revenues and average seller's discretionary income SDE. This will give you a ballpark number of what businesses like yours are selling for.

Next, the broker needs to prepare a business valuation. We use the most probable selling price MPSP Method

Items needed for the Valuation Report include;

1. Last 3 years Business Tax Returns

2. Current Year to Date P&L and Balance Sheet.

3. Value of Business owned Tangible Assets (Furniture Fixtures & Equipment) FF&E and Intangible Assets (Franchise Agreements, Patents)

We also “shop the deal” for financing thru 3rd party lenders such as Banks that are preferred SBA Lenders.

Once we review the Valuation Report and Financing options, we enter into a listing agreement with you for your business. There is no cost or obligation on your part until we sell your business as per the listing agreement.

Once we have the listing agreement, we market the business confidentially.

We respond to all inquiries and have them Sign a confidentiality / non disclosure agreement prior to disclosing any details that would give away that your business is for sale. Once we have the NDA from the buyer, we release some info on your business. We will attend any and all meetings and continue to “drive the deal” until the buyer decides it’s not for them or until closing. We are engaged every step along the way.

Call 586-298-1240 for a free confidential consultation.