|
|
Selling your business
is a major decision!
You have devoted your time, money, and energy to building,
running, and operating your business. It may well represent
your life's work and be your largest single asset. You may have already decided that now is the
right time to sell, and you want the very best professional
guidance you can get. This is when working in tandem with a
professional business broker can make the difference between
just getting rid of the business and selling it for the very
best price and terms!
As a professional business broker, we can provide you with the
following services:
- Analyze the financial
statements of your business and restate them to show an
accurate picture of the cash flow your business generates
and the value of its assets.
- Prepare an estimated sales
price range based on several valuation methods.
- Compile
a two-page blind profile and a complete Confidential
Business Review describing your company to the
market place. This
will include the recasted financial statements that accurately reflect the true earnings
and asset values of your business.
- If
appropriate, prepare
a business valuation conducted by a third party firm
specializing in business valuations and staffed with
professionals skilled in the Uniform Standards of
Professional Appraisal Practice (USPSP).
- Present
your business to the small
business administration lenders or other appropriate
financial institutions for pre-approval.
- Post
your business on the appropriate websites through our
Internet division, including the interactive version of
the Wall Street Journal.
- “Push”
your business to our local, regional, national and
international brokers through our broker’s network.
- Begin
print and trade journal advertising if appropriate.
- Present
your business to the several potential buyers we have in
our database who are looking
for a business like yours.
- Take
charge of the negotiation process to get for you the
highest possible price for your business and on the terms
acceptable to you.
- Assist
you in the due diligence phase of the sale.
- Be
present at closing to handle any last minute problems that
may arise.
Our fee approaches
include both contingency and retainer arrangements.
Every prospective seller
wonders about the cost of selling a business. Our fees
are based on the size and complexity of the business, the
detail and effort required to build a professional package to
present the business to the market place and the potential
methods that will be used to market the business - both
locally and nationally/internationally. Selling business
enterprises pose significant challenges beyond those
encountered when selling residential or commercial real
estate. The key difference between selling a privately
owned business and real estate is in marketing the opportunity
for sale while maintaining confidentiality.
In marketing real estate the seller will often agree, even
insist, on a "For Sale" sign. Business owners
and companies rarely want anyone knowing that their
business is for sale other than qualified buyers.
As a result, you will find
business sales fees to be priced beyond commercial real estate
commissions and are usually based on a percentage of the final
sales price with the fees paid out of the proceeds at
closing. The percentage may be a flat percentage of the
sales price for business priced below $1 million or a scaled
percentage of the sales price for businesses priced over $1
million.
We offer a standard Contingency
Arrangement where there are no upfront fees, all risk
of the sale is assumed by us and there are no fees incurred by
the seller if the business is not eventually sold. This
is fairly standard arrangement for businesses with revenues up
to $1 million. The Retainer Arrangement
includes a modest upfront retainer that is credited against
the fees earned when the business is sold. Since the
seller is sharing in some of the risk of sale, the fee
percentage in Retainer Arrangement is below that for the
Contingency Arrangement and ends up offering a real savings to
sellers.
If you have any questions that
we have not covered please don't hesitate to contact us.
To
contact us, click here...
|