Selling Your Business? We Do It In Four Steps!
Establish A Value
Determine What Will Be Sold
Determine What Will Be Sold
We sit down with you and together we establish a value for your business. This is where we take your financial statements and other non-financial data points and establish a value range for your company.
Determine What Will Be Sold
Determine What Will Be Sold
Determine What Will Be Sold
Do you own the building your business is located in? Would you like to maintain residual income after the business is sold? Would you like to have a clean break whereby the potential buyer purchases all assets owned by the business? We help you answer these questions and then dial-in a strategy to get them done.
Prepare and circulate an Information Memorandum
Prepare and circulate an Information Memorandum
Prepare and circulate an Information Memorandum
This is the pitchbook that we compose to present your business to potential buyers. We also circulate this document to potential buyers. We utilize a Non Disclosure Agreement (NDA) that ensures the privacy of your data will be honored.
Engaging Potential Buyers And Closing The Sale
Prepare and circulate an Information Memorandum
Prepare and circulate an Information Memorandum
We advertise the sale of your business and or building and we directly engage potential buyers of your business. Once we have an agreed upon price and contract then we wrap up the sale with a closing.
Buying A Business?
Determine What Industry To Be In
Determine What Size Of Business To Purchase
Determine What Size Of Business To Purchase
This may seem a given but some people, especially those who are transitioning from a career as an employee to a business owner will need some help. For existing businesses that want to grow through acquisition, then you have come to the right place.
Determine What Size Of Business To Purchase
Determine What Size Of Business To Purchase
Determine What Size Of Business To Purchase
This decision will be based primarily upon the amount of cash you have available along with financing commitments. However, there are other factors to consider such as labor concerns, time commitment and your ability to manage many rather than a few.
Develop A Financial Model
Determine What Size Of Business To Purchase
Develop A Financial Model
The only way to assess the viability of a business is to use a quantitative model that incorporates past financial performance with assumptions based on how you will run the business.
Perform Due Diligence
Craft An Offer To Purchase The Business
Develop A Financial Model
This is the most important aspect of buying a business that most advisors/brokers get totally wrong. There needs to be a complete assessment of the regulatory, market, operational and financial aspects of the business that you want to purchase. Avoid buyer's remorse by hiring an advisor with experience to perform this step.
Craft An Offer To Purchase The Business
Craft An Offer To Purchase The Business
Craft An Offer To Purchase The Business
Now we are ready to craft an offer with your terms and see how it is received. This is an iterative process and eventually you will arrive at either a yes or no.
Closing Of The Purchase
Craft An Offer To Purchase The Business
Craft An Offer To Purchase The Business
Being one of the most overlooked steps to the process this is where you ensure that you will take ownership of the assets required to run the business. It is important to have a advisor/broker with exceptional attention to detail.