How To Sell Your Business – Our Process

EventWho Agenda
Initial Meeting at BusinessNJ Broker and SellerReasons for Selling
Business history/profile/high level financials/fact sheet info
Our Credentials
Documents Needed - Tax Return, Lease. Equipment List
Second MeetingNJ Broker and SellerShake hands
Co-sign Engagement Letter
Complete seller interview
Agree on listing price
Fact sheet approved by seller
Listing the BusinessNJ BrokerAdvertise on Business Broker Sites
Speak to Brokers in our Network
Email Marketing
Interviewing and Qualifying BuyersNJ BrokerBuyer signs an NDA/Confidentiality Agreement
Completes buyer profile
Proof of FundsBuyerBuyer provides documentation (bank statement, etc.) showing balance for purchase / down payment.
Showing the Business and/or Conference CallSeller/NJ Broker/BuyerTour of business
Review of financials
The OfferBuyer/NJ BrokerFormal letter of intent
Refundable good faith deposit
Due DiligenceSeller/Accountant
Buyer/Buyer Accountant and/or Attorney
3 Years of Tax Returns
Balance Sheet
Equipment list
Inventory list
Validate financial statements
Validate all seller representations
LeaseBuyer/NJ Broker/Landlord/AttorneyAssignment of Lease
LegalSeller/Buyer AttorneyContract of Sale and other Legal Documents
Attorney review by Seller attorney
ClosingBuyer/Seller/NJ Broker/AttorneySign/Co-sign All Documents
TrainingSeller/BuyerTurn business over to new owner