About Selling Your Business

Things To Consider When Selling Your Business                                                                                  

Have you given the time necessary to make a decision to sell your business ?

Have you properly valued the business sale price? Can you show proper justification on how you arrived at the sale price.

Advertising your listing is important. If you plan on using a website, have you given thought to featured positions, photo shots and background shading highlights for better exposure? Do you want your listing to be among 10s of thousands of other listings or in a less crowded venue?

Make sure you track your inquires. Many websites provide tracking features with their listing service.

Follow up on all inquiries as soon as possible. Prospective buyers are usually very active and appreciate a prompt response.

If you are ready to sell your business, you must develop a selling strategy. Has your lawyer and accountant been advised of your decision?

Are you prepared to "carry paper" or provide financing for a percentage of the selling price to help support the sale of your business?

Be prepared to have your attorney involved in the preparation of The Letter Of Intent and the Purchase And Sale Agreement of the transaction.