Thinking about selling your Business?
Would it be helpful to see what Businesses like yours are actually selling for?
Are you considering selling your Business? The 1st logical step is to gauge the market. To find out what similar types businesses are selling and have sold for based on similar revenues and cash flow. All we need to provide you with a comparable sales report is to know your average annual revenues and average seller's discretionary income SDE. This will give you a ballpark number of what businesses like yours are selling for. With that information, you can then decide if you now is the right time for you to sell your business or if there improvements you can make to make your business more salable and valuable.
If you would like to receive a Market Report via email showing what businesses like yours are selling for, fill in the form below.
Get a Free Consultation, and a Free, No Cost, No Obligation Business Valuation Report!
Once you have your “Market Comps Report” you can decide if you want to take the next step.
The next step, the broker needs to prepare an actual business valuation. We use the most probable selling price MPSP Method. We have access to DataBases that include Tens of Thousands of Sold Businesses. We will pull the Business that are most similar to yours to come up with a market range of what your type of business is selling for in the current market place.
Items needed for the Valuation Report include;
Last 3 years Business Tax Returns
Current Year to Date P&L and Balance Sheet (same date as P&L).
Value of Business owned Tangible Assets (Furniture Fixtures & Equipment) FF&E and Intangible Assets (Franchise Agreements, Patents)
We also “shop the deal” for financing thru 3rd party lenders such as Banks and preferred SBA Lenders.
Once we review the Valuation Report and Financing options, we enter into an engagement agreement with you to confidently present your business to qualified buyers. There is no cost or obligation on your part until we sell your business as per the engagement agreement.
Once we have the listing agreement, we market the business confidentially. See some of my personal recent Sold Businesses here.
We respond to all inquiries and have them Sign a confidentiality / non-disclosure agreement prior to disclosing any details that would give away that your business is for sale. Once we have the NDA from the buyer, we release some info on your business. We will be on all calls / phone meetings and continue to “drive the deal” until the buyer decides it’s not for them or until closing. We are engaged every step along the way.
Next Steps needed for the Valuation Report include;
1. Phone Consultation
2. Last 3 years Business Tax Returns
3. Current Year to Date P&L and Balance Sheet (same date as P&L).
4. Site visit, either before hours, after hours or on the weekend
5. Lease Terms (if applicable) Monthly Rent and Expiration Date, Lease Options?