7 steps to sell your business

Download 7 Steps to Sell Your Business

Post on 23-Oct-2020

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ExitBoost helps to connect business owners with the right business broker to sell their company. We specialize in small and medium-sized businesses. Whether your business is well established or just getting started, profitable or not, we’ll match you with the business broker that will get your business sold.

TRANSCRIPT

  • EXITBOOST

    7 STEPS TO SELL YOUR BUSINESS

  • Covered Today

    You have been building to sell your business that you’ve

    put a lot of time, effort, and equity into growing, and now

    you’re looking to sell. Your objective is to get maximum

    value when selling and you’re assessing steps to prepare

    for the sale.

  • Make Selling Your Business

    Easy with these Eight

    Steps.

    HOW DO WE GET THERE?

  • Determine What

    Your Business is

    Worth

    A business is generally worth a

    multiple of its profit. Depending

    on the size of the deal that can

    be 2-10 times profit.

  • Prepare Your

    Financial with Your

    Accountant

    Because a business is valued on it

    profit then good financials

    required. Preparing an adjusted

    profit and loss statement is

    required to present to buyers.

  • Post-Digital

    Find a broker or

    investment banker

    Depending on the size of your

    deal and whether you have an

    unsolicited offer on the table,

    most companies will garner a

    higher valuation when sold using

    a banker or broker.

  • Develop the Executive

    Summary of Your

    Business

    This is the document that outlines what

    the business is, financial and frequently

    asked questions to help the buyer make

    an offer.

  • Put your business on the

    market

    Market your business to buyers looking to

    acquire a company.

  • Field offers from

    potential buyers

    Receive offers from buyers and negotiate

    the best one.

  • Let the buyer perform

    due diligence

    Buyers generally get 60-120 days to verify

    the financials and validate they are

    getting what they are paying for.

  • Close the deal

    Time to celebrate! Sign the final

    contracts and the handover process

    starts.

  • Get in Touch We'd love to hear your thoughts

    ADDRESS

    Laguna Beach, CA 92651, United States of America

    WEBSITE

    https://exitboost.com/

    EMAIL

    info@exitboost.com