At VR Business Sales in St. Petersburg our Professional Business Intermediaries have the experience and expertise to prepare you to sell your business. For over 30 years we have provided our clients, with the necessary information and service to facilitate the sale of their small to mid-sized business. Our proud commitment to our clients empowers us to deliver effective, cutting edge strategies with proven results. Each business is unique and each business owners’ circumstances are different. We will sit down and prepare the best exit strategy, succession plan, and divestiture solutions for your business.
The following are valuable guidelines that will help you prepare your business for maximum value. Contact our team of Professional Business Intermediaries for a more in-depth, comprehensive consultation. Click here to contact us.
· Provable Books and Records
Buyers want proof of the sales and profits that the business has made in the past. Having provable books and records increases the number of potential buyers and the likelihood of a successful transaction.
· Expect a Reasonable Price and Terms
Educated buyers only consider competitively priced businesses, usually; buyers won't even look at a business that is not priced competitively.
· List Furniture, Fixtures, and Equipment
Buyers will want a complete list of equipment and will inspect it to ensure that everything is in good working order.
· Obtain a Professional Third Party Valuation
A Business that uses a third party valuation has an 80% chance of selling at a much higher price. Those who do not use a professional business intermediary and a third party valuation only have a 17% chance of selling.
· Offer Acceptable Lease
Any buyer will want a good lease, whether the existing lease is assigned or a new lease is written. Our team of business intermediaries will work with you, the buyer, and the landlord, if necessary, to put together an acceptable lease.
· Great Appearance
Nice looking businesses sell first! Buyers deduct large amounts from their offering price for businesses that are in less than top shape. Keep your premises neat, clean and in good repair.
· Price it Right
Under pricing will lose you money; overpricing will lose you the sale. Our professionals are knowledgeable in today's fast-changing marketplace. We recast financials and present to you a Market Value Analysis to help you determine what is the best price and terms for your business.
· Sign a Covenant not to Compete with the Buyer
Buyers are concerned you may go into competition with them and take back all their customers. A promise not to compete within an appropriate distance and time period is normal for most businesses.
· A Good Reason to Sell
Buyers will want to understand the reason for selling the business and be comfortable that there is not undisclosed information that could negatively affect their investment in the future.
· No Surprises!
Give your VR Professional Business Intermediary ALL the facts up front. Most adverse situations can be overcome if known by the broker/intermediary from the beginning.
To learn more about selling your business for maximum value,
Call VR Business Sales in St. Petersburg (727) 705-5000 or Click here to contact us