Steps in Selling Your Business

Selling a business is a complicated process with many steps.

Most of our brokers have been business owners themselves and understand all the hats a business owner wears. The fact is, most owners will not have the time or experience to properly sell a business. If you are looking to sell a business in Chicago or selling a business in a small town, many of the steps below should be taken.

What do you do when you have a question like how do I sell my business in Chicago? Business Broker Experts, Inc. offers a professional and confidential way to sell a business in Chicago. The process is described in detail below. All of our brokers are registered professionals who will ensure that you get the best price when you are looking to sell a business in Chicago. So whenever you have a thought of how do I sell my business in Chicago, give us a call and our expert professionals will be glad to help.

Below is a partial list of how we help facilitate the sale of your business:

  • Work with you to recast your financials and determine the owner benefits / SDE (Seller’s Discretionary Earnings) of your business
  • Pull a comp report to see what similar businesses sold for
  • Assess the “Sell-ability” of your business and identify Buyer risks
  • Give you a professional Broker’s Opinion on where to price your business
  • If you desire, offer you an independent third party business evaluation at substantial savings
  • Prepare a Confidential Marketing Booklet to give to your potential buyers
  • Work with our Nationwide bank contacts to try and have your business pre-qualified for SBA financing
  • Create a blind ad that sells and will attract buyers, while being confidential
  • Globally advertise your business to millions of buyers in several different places
  • Pre-screen prospective buyers…NDA filled out and a phone or in person interview

Steps in Selling Your Business

  • Work with our network of registered business brokers to assure your business receives maximum exposure
  • Prepare you for Buyer meetings and conference calls – provide advice on what to say and what not to say
  • Facilitate buyer seller meetings / conference calls
  • Address buyer questions
  • Guide the buyer in submitting a Letter of Intent (LOI) with an escrow deposit
  • Facilitate and help in negotiations and deal structure
  • Monitor and manage due diligence (50% of deals fail here)
  • Reference and work with business attorneys and CPAs
  • Refer financial tax professionals to help you reduce or defer your taxes owed from the sale.
  • Work with lenders to secure financing for your buyer (paperwork expedition, references, etc.)
  • Work with government agencies as required
  • Encourage and keep both parties excited during the due diligence phase, so the business closes.
  • Get the deal closed and get you paid!

Click on the
FREE REPORT:
“Step by Step Instructions to Sell Your Business”

The Free Report will help you sell a business in Chicago, sell a business in Illinois, sell a business in Indiana or sell a business in any town USA.

Step by Step Instructions to Sell Your Business

Need answers? Get them in our insightful Seller Questions section.