Business Brokerage
Argos' 5 Steps
To Sell Your Business
Step 1
Determine the Value of Your Business
The first step is determining the value of your business is to find a competitive but accurate listing price. To do this, you will need to “clean up” your financials.
In other words, balancing your balance sheets, determine the company’s profits versus its cash flow, and the depreciation of any relevant equipment. There will come a time (after an NDA is signed) that a potential buyer will request to see the company’s financials.
Your Argos advisor will work with you to analyze your business and its place in today’s market, then apply
sophisticated, time-proven valuation techniques to determine your best listing price.
Step 2
Prepare an Exit Strategy & Boost Company’s Sales
Before you list your business for sale, you should prepare an exit strategy and boost your sales. The value comes from today and tomorrow’s sales, not sales in the past.
An exit strategy means you will be prepared, regardless of whether the sale is inspired by retirement or sudden illness. If it is important, then you need to increase your company’s sales in a way that makes the most sense for your business.
This can be done through a new marketing plan such as an offering holiday discounts or asocial media marketing contests, etc. Showing strong profit growth in the last two or more years of the business will make it that much more profitable and attractive to potential buyers.
Step 3
Hire a Business Broker to Help Navigate the Moving Parts
An Argos business broker will assist you in not only finding great potential buyers but also in pre-qualifying them. It is unfortunate to get excited about a buyer and then find out they cannot afford to meet the offer or secure financing.
When a buyer is pre-qualified, your advisor will get contracts in order and secure a neutral meeting location to sign the paperwork and finalize the deal.
Additionally, Argos business broker will oversee the entire deal on your behalf. That means he will work with the accountants, lawyers, banks, landlords, and other third parties that could jeopardize the success.
Step 4
Pre-Qualify Potential Buyers
A business broker will assist you in not only finding great potential buyers but also in pre-qualifying them.
You get the help you need finding the right buyer using our vast network to confidentially advertise your
business. It is unfortunate to get excited about a buyer and then find out they cannot afford to meet the offer or secure financing.
When a buyer is pre-qualified, your advisor will get contracts in order and secure a neutral meeting location to sign the paperwork and finalize the deal.
Step 5
Closing: Getting You paid!
You get the payoff from the time, effort and energy you’ve poured into the business when your sale closes. It’s great to realize the reward after all of your hard work.
And well, be there after the sale closes for whatever support you need in making a smooth transition.
Business Brokerage
Ready to Sell Your Business?
Contact now to leverage the expertise of our certified business brokers and maximize your sale potential!
