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 disclosu...