Our Proven Process for Selling Your Business

To move forward, we complete a Representation Agreement, signed by both you and your broker. Once in place, you’ll provide key documentation, including:

• Lists of all equipment and assets (included or excluded in the sale)

• Profit and loss statements, balance sheets, and tax returns (last 3+ years)

• The most recent interim financial statements

• Real and personal property leases

• Copies of patents, licenses, loan documents, and contracts

• Employee benefit agreements

• Environmental reports (if any)

• Any other documents necessary to present an accurate picture of your business

You’ll update these documents if material changes occur during the representation period.

Interested buyers must be pre-screened, including financial review and background checks. Once qualified, buyers receive your Business Profile.

If they express further interest:

• Your broker arranges a confidential meeting between you and the buyer

• If the buyer makes an offer, their broker prepares the offer and secures a deposit

• Your broker presents the offer to you for review

Once an offer is accepted, due diligence begins. Buyers verify financials, agreements, and conditions.

• If everything checks out, the buyer signs off on contingencies

• If issues arise, the offer may be renegotiated or canceled (with deposit returned)

A closing attorney prepares all final documents, such as:

• Closing Statement

• Purchase Agreement & Bill of Sale

• Non-Compete / Non-Solicitation Agreement

• Any other necessary legal documents

The attorney coordinates the closing date, reviews documents with all parties, and ensures lienholders, taxes, rent, and utilities are settled. Once funds are in place and documents are signed, ownership transfers and funds are distributed.