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Summit Business Brokers of Michigan
20 W. Washington St., Suite 10
Clarkston, MI 48346
summitbb@yahoo.com
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We help you sell your business!
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Selling a business is a complicated, time-consuming process. You may remember all of the work that was required to get you into business...well, getting out of business requires the same effort, probably even more. You have to be prepared to present a wide variety of documents to prospective buyers that explain what the business is, how it operates, the competitive advantage that you may have in the marketplace and the financial return that they can expect to get, etc.
All of this takes a lot of time---time that you most likely cannot afford. All of the sales activities need to be handled in confidence so as not to disrupt your business operations or even possibly devalue it.
So what do you do to get prepared? Or how do you even get started? Well, one way is to educate yourself on the aspects of selling a business properly. But, do you have the time to do that and would the time required to do that match the selling timeframe you had in mind? Most likely not.
Another approach would be to establish a relationship with an experienced professional Business Broker that does this work everyday. You pay a fee of course for doing that, but the fee is small compared to the the money you could loose if you do it wrong! Here is a list of some of the advantages of working with a broker:
- Experience
- A professional approach using standard processes
- Proper valuation of your business
- Substantial exposure to potential buyers
- Buyer Qualification
- Confidentiality agreements
- Deal structure assistance
- Negotiating assistance
- Proforma business models
- A professionally written offering memorandum
- Financing assistance, if required
- Closing assistance
- Transistion assistance
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