Selling Your Business

If you are ready to retire or your business is no longer fulfilling, it may be time to look into our business valuation software in order to find out what it is needed to sell your business and enjoy a new phase of your life.

As a business owner, your approach to selling your business may be fundamental to you achieving a smooth transaction, a maximum sales price, and possibly your long-term security.

Our business valuation calculator helps you to reach a reasonable business appraisal valuation for your business allowing you to set a fair selling price that both you and potential buyers can agree upon.

In order to sell your business as smoothly as possible, it is important to ensure the following:

• Contact a Business Broker.  They can be found in the yellow pages under Business Brokers.  Do not choose the first one you find. You will want to interview 3 or 4 business brokers in order to determine the best cost for the end business appraisal product.  Make sure to ask for a market proposal from each and ensure they each have an infrastructure.  Once you have determined the best course of action for valuing a business, you are well on your way to a successful sale.
• Use your business appraisal from our Business Valuation Software to set a fair selling price that is agreed upon by you and your Business Broker.  Valuing a business through the use of our business valuation calculator will ensure you are not too high or too low for the market and can maximize your business value.
• Compile all of the necessary information to develop a business profile for the potential buyers of your business.
• • 3 years of company financial statements; the company financial statements allow a buyer to see the profitability trend of your business
  • marketing material
  • an asset list
  • a business appraisal valuation from our business valuation software
  • terms of any existing contractual obligations
• Meet with the buyers and review all offers carefully.
• Once the offer has been agreed upon by you and the buyer, it is important to work with the buyer regarding their conditions of buying a business and your conditions of selling a business so the deal can be successfully completed.
• Transition your business to the new owner with important customer and employee relationships, and training on the operations of the business.

Once all of this has been successfully completed, you are ready to begin the next phase of your life.