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;
Last 3 years Business Tax Returns
Current Year to Date P&L and Balance Sheet.
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.
Why use Vincenzo LoCricchio to help you sell your business?
No Cost No Obligation (no kidding!)
Comparative Market Analysis for your Business
What is in the report?
Most Business owners ask me, "How much is my business worth?" "How much can I expect to recieve for my the sale of my business?” The most honest answer is, "as much as a buyer is willing to pay". The first logical stepis to take a look at the market. To compare your business to others that are for sale as well as those that have recently sold. Here is an opportunity to see what other businesses like yours are selling for and how much they have sold for. The report includes select Businesses from our Data Base of over 10,000 Sold Businesses that are similar to yours in Business Type, Gross Sales and Owner Benefit. We also include businesses that are currently listed for sale so you can see the asking price of other businesses like yours. Just fill out the form below and we will send some comparable sold business in to your e-mail.
Click here for your free sold business report
Call 586-298-1240 for a free confidential consultation.