SELLING YOUR BUSINESS
Whether it's your first or fifth business sale, engaging an experienced, knowledgeable, and empathetic business broker can make the difference in your your profit from the sale. 1st & Main recommends that a business owner start the sales process at least one year prior to confidentially marketing the opportunity. While there are occasions when a sale is more hurried (illness, death in family), we have found the following process for selling a business produces the best results. Request a valuation below (click button) or call (407) 476-4446 to spear the a Business Intermediary today.
Complimentary, Confidential Valuation
An ethical business broker protects your identity and information. Your business continuity throughout the selling process is critical. After analyzing your financials and operations, you and your broker will determine a market-appropriate list price.
In addition to valuing a business for the purpose of an exit, we also offer valuation services for divorce proceedings, partnership agreements, investors and in preparation for obtaining financing.
Pre-sale Planning & Preparation
Often overlooked, this valuable step in the sales process is critical for several reasons: your broker gets a deeper dive into your business and can better market it, uncover any anomalies and/or errors in accounting, improve on value drivers, remove unwarranted expenses, and most importantly, set up for a smooth and predictable due diligence.
Planning may increase the business' value & facilitates a closing.
Listing, Marketing & Introductions
A comprehensive Confidential Information Memorandum and "Teaser" are written. Next, your listing is shared with a national network of potential and targeted buyers as well as advertised on business listing websites. Every inquiry is handled with care and confidentiality. Only vetted buyers are introduced to you and only after a non-disclosure is executed. These introductions result in a few calls and eventual in person visits.
The Offer, Due Diligence, Closing & Transition
Signing the LOI is a significant accomplishment, but there is still a lot of work to be done before the deal closes. We'll walk with you through a thorough due diligence, further negotiations if necessary, discuss integration planning, manage closing details and follow up through the transition post sale.
In addition, 1st & Main prides itself on professional partnerships that may assist a seller with tax and estate planning requirements.
BENEFITS OF ENGAGING A BUSINESS BROKER
The Correct Price
Putting a value on a business is far more difficult and complex than valuing a house. or commercial building. Business Brokers access confidential transaction databases that are the best guidelines for market activity. When the broker has confidentially priced your business, an indicator of an ideal value is having multiple parties interested in your business.
Business Brokers work as your advisor and confidant, as a project manager and cat-herder... as we proceed together through the difficulties of the business sale process, count on us to carry the bulk of the burden.
Confidentiality & Continuity
A business broker protects the identity of your company and contacts buyers through a blind profile (a document describing the company without revealing its identity). In addition, selling a business is time-consuming so working with a business broker the owner can maintain a focus on running the business when the broker is working on the sale.
Balance of Experience
Putting a value on a business is far more difficult and complex than valuing a house. or commercial building. Business Brokers access confidential transaction databases that are the best guidelines for market activity. When the broker has confidentially priced your business, an indicator of an ideal value is having multiple parties interested in your business.
Reach Buyers & Close the Deal
Putting a value on a business is far more difficult and complex than valuing a house. or commercial building. Business Brokers access confidential transaction databases that are the best guidelines for market activity. When the broker has confidentially priced your business, an indicator of an ideal value is having multiple parties interested in your business.