When Should I Start Planning My Exit Strategy?
The earlier the better! We are happy to connect and start discussing how you can best prepare your Company for sale. Starting earlier can help you to gain a better understanding of how the process will work, maximize valuation, and more.
How to Get Started?
The first step is almost always conducting a business valuation for your company. Upon completion of the (free) business valuation, an owner will have the information necessary to make an educated decision going forward. Furthermore, the valuation allows our team and the business owner to get on the same page with the expected transaction value.
How Do I Prevent My Employees and Customers from Knowing I’m Selling?
Confidentiality is crucially important in how we do business. We know that most sellers are cautious and want information held in confidence. From start to finish, Small Business Deal Advisors knows how to protect confidential information.
What is My Business Worth?
While “the market” is the only way of knowing truly what your business is worth, Small Business Deal Advisors has tremendous experience valuing small businesses. We use market data from various resources to give you an idea of what your business would likely sell for.
What is the SBDA Advantage?
Small Business Deal Advisors was built and tailored specifically toward serving franchises and small business owners. The Advantage offered by Small Business deal includes a non-exclusive contract (we are only paid a success fee if we find the buyer), no long-term contract (month-to-month which keeps us honest and hard at work), a discount commission (8% as opposed to standard 10-12%), and finally the best nationwide marketing possible.
What Happens to My Company’s Debts When I Sell?
Most of the time, small businesses are sold free of all debt. This means that you will be responsible for all business debts.
Do I Need to Hire an Attorney and an Accountant to Sell My Business?
Selling a company can be quite complicated. While Small Business Deal Advisors can provide guidance through much of the transaction, we do recommend that both buyers and sellers engage legal and accounting professionals.
How Long Will It Take To Sell My Company?
While the length of small business transactions can vary widely, most deals typically take seven to ten months. This encompasses valuation, marketing, buyer introductions, negotiations, due diligence, contracts, and more.
What Does it Cost to Sell My Business?
Small Business Deal Advisors offers transparent pricing:
– $795 upfront for valuation and preparation of professional marketing materials necessary for the transaction
– $299 per month during marketing for listing on 10+ different listing sites and a broker who connects with every interested buyer. These fees are credited to the commission upon the sale.
– 8% commission (forget the typical 10-12% charged by other business brokers)