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So…you’re ready to sell your business? Great! Maybe you’re looking to retire, or perhaps you’re just looking to get into a new opportunity. Regardless of the reason for wanting to sell your business, one thing remains true: You want to sell your business for a decent profit. In this video, Nathan Goldstein, owner and CEO of Vested Business Brokers discusses a step-by-step plan for preparing to sell your business.
At Vested Business Brokers we helped people buy, grow, and sell profitable, privately owned businesses since 2001 and we’ve closed more than 1000 transaction…so we know what it takes to sell your business.
Here’s how the process of selling your business works:
1) You’re going to give us your financial information. This will be YOUR representation of the financial details of your business.
2) We’re going to place your business listing within our system which will expose your business to more than 100,000 people in our database who are looking to buy a profitable business. The buyers will be notified by email that your business in now in our system.
Now, it’s important for you to put yourself in the buyer’s shoes for a moment. These folks have work hard to acquire the capital to invest in a profitable business and they’re only going to buy a business that “makes sense”.
In order to determine if a deal makes sense buyers will use the services of lawyers and accountants to review all of your business financial information.
I hope this helps to underscore the importance of being honest. You will NOT sell your business if you artificially inflate your numbers, or if you offer your business for an amount of money that is unrealistic considering your annual net profits.
At Vested we will help you put your business on the market for the right price. The goal is to achieve a “win-win” situation where both parties leave the closing table feeling very good about the transaction.
Call us at (877) 735-5224 to get your business sold.