Preparing To Sell Your Colorado Business
Preparing the seller, and aiding the seller in preparing the business to achieve the maximum gain from the sale, are two important roles of the professional Intermediary.
Owners sell their businesses for
reasons stemming from retirement, partnership disputes, personal relocation,
family concerns, the desire for change, illness, or to enter another business
venture.
Knowing the reason for the divestiture aids your Company Broker Inc. professional in structuring the most advantageous transaction. Company Broker Inc. turns to its professional alliances to help you seek the appropriate tax strategy, succession plan, or investment strategy to again help you maximize the benefit of the sale.
Knowing the reason for the divestiture aids your Company Broker Inc. professional in structuring the most advantageous transaction. Company Broker Inc. turns to its professional alliances to help you seek the appropriate tax strategy, succession plan, or investment strategy to again help you maximize the benefit of the sale.
Company Broker Inc. has identified specifics needed to aid a successful business sale
- Having provable books and records increases the numbers of potential
buyers
Buyers want proof of sales and profits the business has attained in the past
- Expectation of a reasonable price and terms
- List of assets including furniture, fixtures, and equipment
- Attractive lease
- Best possible appearance
- Valuing the business properly
- Covenant not to compete
- Reason for sale
- Time is of the essence
- No surprises!
Educated buyers only consider competitively priced businesses
A complete inventory that can be referenced during inspection
Knowing the terms of assignment or of a new lease
Having the business premises neat, clean and in good repair
A valuation on the business creates a document that proves value to the buyer
and shows the business to be competitively priced
Preparing the terms of non-competition within an appropriate distance and
for an reasonable period of time
Buyers will want to understand the reason for sale and be comfortable that
there is not undisclosed information that could negatively affect their investment
in the future
Be prepared to move forward when a qualified buyer shows interest in the
business
Most adverse situations, such as landlord problems, outstanding loans, tax
arrears, unfavorable equipment leases, and even non-compliance with zoning,
health or other regulations, can be overcome if known to your professional
Company Broker Inc. Intermediary
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