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There are certain criteria that buyers
have when acquiring a business. Most buyers approach the
purchase with a certain level of skepticism. It is our
job to reassure them with solid facts and believable
information that your business is a good investment.
Effective Records
We assist you in preparing all required documents
and relevant business listing information. We’ll guide
you and support you in presenting the information in the
best possible format.
Competitive Price
You need to be attractively priced to entice offers. The
price should not be too high or too low.
Leverage
You must be receptive to seller financing. Most
businesses are sold with seller financing.
Equipment Inventory
You will need a complete list of all assets. Furniture,
vehicles, fixtures and equipment should be in working
order and acceptable to a buyer.
Lease
All buyers will want a good lease. This must be
prearranged so there are no problems as the transaction
progresses.
Training
You must be prepared to train the new owner and possibly
some of the new staff. This is customary and almost
always required.
Appearance
From the moment you place your business for sale, you
need to keep it neat, clean and organized. Make any
necessary repairs prior to showing.
Non-compete
You must be prepared to sign a non-compete covenant or
contract. This provides the buyer some peace-of-mind.
Many buyers fear that you will open up the same type of
business and become their competition.
Response
Because time is of the essence, it is crucial that you
place yourself in a position to respond to an offer as
quickly as possible.
No Surprises
Surprises will make buyers uneasy. It is imperative that
we know everything about your business. What may
seem to you a trivial matter could potentially become a
"deal killer" if not handled properly.
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