Properly Package and Market Your Business

Selling a business can seem like a simple process, but in reality, it involves a lot of careful planning and execution. Most business owners don't have the time or expertise to manage the process on their own. That's why it is advantageous to work with a professional business advisor like an expert from Transworld Business Advisors who can help you sell your business with ease and confidence.

 

The following steps will help guide you through selling your business with the help of a professional advisor:

 

Before selling your business, it's essential to gather all relevant documents to provide to your advisor. These documents should highlight the company's history and potential growth. Items to include are tax returns, all leases and contracts, YTD financials, vendor and supplier information, current inventory, and accounts receivable aging. This information will give your business advisor insight, allowing them to create a buyer profile and show potential buyers the potential growth and benefits of your business.

 

Determining how to best reach the right buyers for your business can be a challenging process. A reputable advisor has many avenues to successfully market a business for sale. They can utilize buyer lists or digital platforms, and also conduct strategic research into other companies in the industry. This will provide insight into the type of buyers to target, such as individual buyers or expansion buyers who are interested in merging their businesses or acquiring new ones.

 

The final stage of due diligence is releasing the financial information once an offer letter of intent has been signed by both parties. This includes full details like property information, bank statements, payroll reports, employee lists, job descriptions, and a complete inventory. The bank will order tax transcripts from the IRS directly.

 

Transworld Business Advisors has over 40 years of experience selling businesses. Our advisors can walk you through every step of the selling process, including determining the market value of your business, assisting with asset and financial documents, finding a buyer, and completing the sale. We work to help you get the best price for your years of hard work and effort. Using an advisor and having all your paperwork in order can only help maximize the profit on your business sale.

 

To get started, contact Transworld Business Advisors of Atlanta North today to schedule a FREE consultation.