Selling a business on your own can be overwhelming. Where do you even start to find a buyer, let alone determine a fair price and work out all the logistics? That’s why working with a business broker can be so valuable.
Our experienced business brokers will guide you step by step through our entire process of selling a business in Michigan. Our 10-step sales process includes:
We want to get to know you and your business.
We’ll sign an agreement to work as your exclusive broker, which enables us to put in the resources to help you find the right buyer.
We’ll review all the details of your business that might not have been fully covered during the initial evaluation and make sure we properly stage your business in our confidential marketing materials. Our goal is to find areas of strength and opportunity for your business so it is attractive to potential buyers.
We’ll get the word out that your business is for sale at a level of confidentiality you’re comfortable with.
As we start to get leads for potential buyers, we’ll secure confidentiality agreements from them. We will also qualify the potential buyers before releasing any information regarding your business.
We’re getting close! Someone wants to buy your business.
Like with most transactions, there can be some back and forth on pricing. The list price isn’t the only option.
After agreeing on a number but before we complete a sale, the buyer will go through their investigation of the business and verification of the financial information that was provided to the buyer.
We’ll guide you through the paperwork to lock in the sale.
You did it! You sold your business!