7 steps to sell your business


Exitboost1088

Uploaded on Oct 28, 2020

Category Real Estate

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7 steps to sell your business

EXITBOOST 7 STEPS TO SELL YOUR BUSINESS Covered Today You have been building to sell your business that you’ve put a lot of time, effort, and equity into growing, and now you’re looking to sell. Your objective is to get maximum value when selling and you’re assessing steps to prepare for the sale. Make Selling Your Business Easy with these Eight Steps. HOW DO WE GET THERE? Determine What Your Business is Worth A business is generally worth a multiple of its profit. Depending on the size of the deal that can be 2-10 times profit. Prepare Your Financial with Your Accountant Because a business is valued on it profit then good financials required. Preparing an adjusted profit and loss statement is required to present to buyers. Find a broker or investment banker Depending on the size of your deal and whether you have an Post-Digital unsolicited offer on the table, most companies will garner a higher valuation when sold using a banker or broker. Develop the Executive Summary of Your Business This is the document that outlines what the business is, financial and frequently asked questions to help the buyer make an offer. Put your business on the market Market your business to buyers looking to acquire a company. Field offers from potential buyers Receive offers from buyers and negotiate the best one. Let the buyer perform due diligence Buyers generally get 60-120 days to verify the financials and validate they are getting what they are paying for. Close the deal Time to celebrate! Sign the final contracts and the handover process starts. Get in Touch We'd love to hear your thoughts ADDRESS Laguna Beach, CA 92651, United States of America WEBSITE https://exitboost.com/ EMAIL [email protected]