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First off, congratulations for a successful entrepreneurial career. Small business owners are what drive our economy. You should never sell yourself short based on the impact you have on your community, your customers, your suppliers and your employees. You are key in all of those relationships and many people depend on, and benefit from, your business. But how do you transition from owning a business so you can retire or focus on other priorities?
In many cases, the majority of a business owner's retirement savings may be tied up in the equity of their business. The selling process cannot be taken lightly then as getting the most for the business is critical. At the same time, certain missteps may cost you your current business or even prevent you from selling it at all.
We advertise the business confidentially and require inquirers to fill out a non-disclosure agreement prior to getting our information package. We also take a pro-active out-bound marketing strategy with our database of buyers and other contacts we have in the market. We do not post a "for sale" sign in front of your business like a commercial real estate might. Confidentially is crucial for you to maintain operating your business as usual.
We screen prospects and then set up buyer-seller meetings only with those that meet all the criteria so we're not wasting your time. We'll negotiate the offers, draft the documents, advise you to review with your professional advisors, and see you through to closing. We are engaged throughout the process. You'll have our cell phone numbers and will be available more than any other broker. Our communication is given the highest priority.
Cost to Sell a Business
We are performanced-based and only get paid when we successfully sell your business. There are no up-front fees -- the business valuation, the business consultation, the development of the marketing package, the advertising, the meetings, the negotiations, and more, are all done without specific costs to you as a business owner. We absorb all of those risks. We get paid an industry-standard fee at closing, based solely on successfully selling your business. If we don't sell it, you owe us nothing. You should also expect to have a few thousand dollars in legal fees should you have your attorney review the closing documents, which we recommend. Your accounting requirements can hopefully all be handled in-house, but if you outsource all of your accounting or bookkeeping, you may have some expenses there. If you have real estate as part of the transaction, you may experience typical fees associated with that, including title, closing, survey and environmental expenses. We will cover all these questions and issues in the consultation meeting.
Contact Us Now to Get Started!
Our goal is to make this process the easiest possible on you, so you can focus operating your business throughout. We'll handle all of the advertising, promotion, screening, negotiating, document prep and in some case, the closing. We'll talk with you how to get the most for your business. If you want, we can engage in a consulting agreement to even work on your business over a period of a few months to prepare it for sale in the future. But, if you're ready to go now, we'll get started right away. We'll have a sense of urgency that most other brokers will not. Our goal is to be successful.