You have been working hard to turn your business into what it is today but are looking to sell it now. You want to get the best price, the best buyer, and select the best broker to guide you through the sales process. Here at Business Brokers Plus, we have a tried-and-true process that we follow when a client comes to us wanting to sell a business. Our process is listed below. Please reach out if you have any questions.
Our Process
Are you selling your business? Start Your Business Valuation Today.
| Event | Who | Agenda |
|---|---|---|
| Initial Meeting at Business | Broker and Seller | Reasons for Selling Business history/profile/high level financials/fact sheet info Our Credentials Documents Needed - Tax Return, Lease. Equipment List |
| Second Meeting | Broker and Seller | Shake hands Co-sign Engagement Letter Complete seller interview Agree on listing price Fact sheet approved by seller |
| Listing the Business | Broker | Advertise on Business Broker Sites Speak to Brokers in our Network Email Marketing |
| Interviewing and Qualifying Buyers | Broker | Buyer signs an NDA/Confidentiality Agreement Completes buyer profile |
| Proof of Funds | Buyer | Buyer provides documentation (bank statement, etc.) showing balance for purchase / down payment. |
| Showing the Business and/or Conference Call | Seller/Broker/Buyer | Tour of business Review of financials |
| The Offer | Buyer/Broker | Formal letter of intent Refundable good faith deposit |
| Due Diligence | Seller/Accountant Buyer/Buyer Accountant and/or Attorney | 3 Years of Tax Returns Balance Sheet YTD P&L Lease Equipment list Inventory list Validate financial statements Validate all seller representations |
| Lease | Buyer/Broker/Landlord/Attorney | Assignment of Lease |
| Legal | Seller/Buyer Attorney | Contract of Sale and other Legal Documents Attorney review by Seller attorney |
| Closing | Buyer/Seller/Broker/Attorney | Sign/Co-sign All Documents |
| Training | Seller/Buyer | Turn business over to new owner |
