You’ve worked hard to build your business. Not just money, but time, effort, and sleep have been sacrificed to build it from the ground up.
If you’ve decided to sell, or you know you will need to sell in the next three to five years, you will need a partner you can trust to navigate you through the process.
You will need a team who understands building businesses and what it takes to successfully sell a business.
You need someone to represent your interests on your behalf so you can continue to operate your business.
Building trust is paramount to successful business relationships.
At Biz Crossing we take the time to evaluate your needs and determine the most important factors for you to determine a successful sale. Whether it is terms, pricing, or characteristics of the buyer, we work with you upfront to screen and evaluate potential buyers.
We also will work with you to earn your trust in the years preceding the sale of your business. Even if selling your business seems to far in the future think about now, we can confidentially discuss valuation of your business. We also believe in building trust through a consulting relationship, and we can help you build the value of your business and make strategic decisions that can aid in the transition process.
Biz Crossing is experienced in contract agreements, business valuations, due diligence, and negotiations of terms and pricing. We know what to expect every step of the way and can guide you through the long process of selling your business.
As your representative agent, we work with potential buyers while keeping your financial information and business processes confidential. We work on your behalf so you can stay anonymous, and so your efforts can be focused on your business.
Biz Crossing’s founder Gary McKinney built a company from his living room into a multi-million dollar international company and successfully sold the business. We can relate to running a business and selling a business, and all the fear, frustration, and elation that can come from that.
What to Expect
The process of selling your business can take anywhere from six months to two years or longer. No matter who you choose to represent you, here are some things to consider:
-Are you selling a business, or a job? Have you successfully removed yourself from the day-to-day operations of the business? What will be the time commitment of the new owner? Do current profits allow the new owner to hire a manager so they are not buying a job?
-What is the income capitalization of the business? What is the income multiple businesses of your type are seeing in the market place?
-What is the value of the business? How much debt? Equity? Is there real estate involved in the transaction? What is the value of the equipment?
-What is the landscape of the marketplace for businesses of your type? How much are businesses of a similar size selling for? Who are your best potential buyers? Vendors, competitors, investors, or other? How will you reach them while still maintaining confidentiality?
-Are you prepared for the due diligence process? Are all your books up-to-date? What will you do to present your company and its financial situation in the best light possible?
-Have you prepared non-disclosure agreements? How will you keep your financial, proprietary, and client/customer information from being used against you in the case of a deal that falls through?
No matter your answers to these questions, we are prepared to help you get everything done. Contact Us or call us today at 573-250-4500.