Selling Your Business is as easy as 1, 2, 3 & 4
Step 1
Step 1
Step 1
Let's connect and we will sign an Non Disclosure Agreement to keep information confidential. Share some details about your business and see if it makes sense for you to sell, and for me to buy your company.
Step 2
Step 1
Step 1
The broad terms of a deal are documented in a 1 or 2 page Letter of Intent. It's non binding. If you accept the offer, then you must agree to take your company off the market during Due Diligence.
Step 3
Step 3
Step 3
The Due Diligence process provides a 30- to 90-day period of time for a thorough review of all aspect of your business to make sure everything is in order. Issues always come up and it's important to find a productive way to work through them to get to a final deal.
Step 4
Step 3
Step 3
If no major show-stoppers come out of the review process, then it's time to negotiate a final Purchase Agreement. The "deal" will be done when you and the buyer execute the documents on the close date. After that, comes the transition phase..