THE SELLING PROCESS
The selling process for you as the owner should be as free from disruption and distraction as possible. After all, that is one reason why you have a business broker in the first place! At Five Star Business Brokers of South Florida, it is our job to do all the legwork for you..Selling businesses is our business and running your business should still be your business even during the selling process.
After the business evaluation is complete and you have decided to sell the business, your business will be CONFIDENTIALLY advertised for sale. Your ‘blind’ listing (not revealing your name or specific location) will be shown to an audience stretching across the globe in order to ensure that you receive the highest possible price for your business. This includes paid online advertisements on many different websites, proactively seeking out potential strategic acquirers in your industry, and a marketing blitz to our nationwide network of qualified buyers. When prospects show a serious interest, they are required to sign a non-disclosure agreement (which prohibits prospects from talking to your competitors, suppliers, customers, or employees) and show proof that they are financially qualified to purchase your business. Then they are given a professionally completed listing package. This process allows you to run your business without disruption and avoid the tedium of dealing with all of the ‘tire-kickers’ that inevitably appear.
We then work to set up and coordinate a meeting between buyer and seller (being careful to not disturb or disrupt the seller’s business operations), assist with negotiating and structuring the deal, ensure all parties have all the information necessary so no unpleasant surprises turn up later, provide all the necessary documents and contracts to complete the deal, help transfer the lease (if necessary), supervise and coordinate the due diligence process, and many other tasks in order to ensure a successful closing.
If the buyer is getting SBA financing, we work closely with the lender to ensure they have all the information needed and that their appraisal is successfully concluded.
During the later stages of the selling process, unique tasks are also often required depending on the industry. For example, regulatory licenses in the healthcare space must be properly transferred, inventory inspections must take place for many retail businesses, and different ways of conducting due diligence must be devised for businesses that do not have regular financials. No matter the challenge, Five Star Business Brokers of South Florida will be at your side from start to finish to ensure a successful closing while minimizing the disruption to your business.
Located in Palm Beach County, Florida, Five Star Business Brokers proudly transacts business sales throughout the areas of West Palm Beach, Lake Worth, Palm Beach Gardens, Boca Raton, Jupiter, Delray Beach, Boynton Beach, Wellington, Palm Beach, Royal Palm Beach, and Riviera Beach.
HOW CAN WE HELP?
Contact us Today to Obtain a FREE Business Evaluation!