During your initial meeting, your broker will ask you questions that will help him or her understand the business you want to sell, why you want to sell, if selling if right for you and what your property might be worth. We will discuss your expectations and answer the questions you might have. Any information you share with us, including your plans to sell, will be kept confidential, unless specifically noted otherwise.
Comprehensive Business Analysis
One of the first things you’ll want to know is how much your business is worth and how much money you can sell it for. Before we can recommend an asking price, we must conduct a comprehensive analysis of your business. We’ll look at your financial statements, tangible assets, discretionary earnings and all the variables related to your business and industry. We’ll also conduct a walk through of your business (after hours if needed).
At Florida Business Connexion, our experienced brokers are focused on getting you the most money and profit for your business. To maximize your sales price, we’ll create a detailed marketing plan that will explore the key values your buyers are looking for. We’ll help you make the appropriate actions that will secure the results you want, whether that be a better selling price or a quicker sales process.
Private Meeting with Buyer
We know that you don’t have the time to meet with every interested buyer. To help you avoid arousing suspicions among customers and employees, we’ll screen your prospective buyers to ensure that they have the financial pre-qualifications and interest needed to buy your business. After we have narrowed down the list, we’ll arrange a few private face-to-face meetings.
Accept Offer & Due Diligence
After a successful private meeting, buyers will submit a non-binding letter of intent, which will detail the prospect’s thoughts on valuation, deal structure, post-sale plans, etc. As experienced business brokers, we’ll work out the details of the deal to ensure that all the important conditions and contingencies are included in the offer. Once you have accepted the offer, the buyer will conduct due diligence, which is where the buyer will conduct an extensive review of your business.
Once due diligence has successfully been completed, it is time to officially transfer ownership of the business. On the determined date and location, we will review the final documents and tie up any loose ends. We are aware of problems that can cause a sale not to close and have experience resolving them before they can impact the sale.
At Florida Connexion Business Brokers, we are there for our clients even after the transaction has been completed and you are ready to take on the next step in your life. Our extensive background and experience in the industry means that we have the connections you need to properly prepare for the future. Whether you need a proficient accountant or a specialized attorney, we’ll be your biggest ally by putting you in contact with the right people.