Start with confidentiality and readiness
Before broad advertising, identify what can be disclosed, which documents can be prepared and what information should remain limited to qualified buyers.
A confidential pathway for owners of established businesses considering an exit, succession or strategic sale.
Before broad advertising, identify what can be disclosed, which documents can be prepared and what information should remain limited to qualified buyers.
Historical revenue, normalized earnings, owner involvement, staff, leases, equipment and working capital can affect the buyer’s evaluation. Financial figures must be documented and explained.
A restaurant, clinic, wholesale distributor, service operation or specialty retailer may appeal to very different buyer groups. The marketing process should reflect that.
Start with the industry, general location, broad revenue range, premises arrangement and desired transition. Revenue is not a valuation. An accountant and lawyer can help establish the records and transaction questions that need deeper review.
An initial conversation can establish fit without publishing customer lists, employee information or detailed financial statements. Discuss an appropriate confidentiality and document-sharing process before releasing identifying business records.
Specific property questions deserve specific answers.