When you own your own company, you are living the dream. At some point, however, you may want to retire early or see what else is out there. If so, instead of closing down, you can try selling it instead. Business brokers New Jersey professionals can help you prepare for a sale and get the buyer you need.
When you get in contact with a brokerage, the first thing the broker will ask if you are ready to sell now or later. If you are ready, you can sign on and they will make an assessment of what your company is worth. This step includes a lot of disclosures on your part.
The brokers will generally ask for several documents and files from you so they can put a value on your company and get an idea of how much they can sell it for. These documents include, but are not limited to, tax forms for the last several years and contracts for any debts. If you have inventory, they may ask for counts because these count as holdings.
If you started your company as a part of a larger franchise, any documents you have related to that will likely need to be disclosed as well. This is especially important to any future buyers, as they need to make sure the agreement is in order.
After you and the brokers decide on an amount you would agree to sell at, then it is time to create a buyer profile. This is a profile of a candidate to buy who has the necessary skills and money to make the purchase.
The last step in the process is to reach out to buyers who fit the profile the brokerage created. They have contacts all over the world, which makes it easier to make the sale. All you have to do now is sign on the dotted line on the appointed day, and take your check home with you.
When you get in contact with a brokerage, the first thing the broker will ask if you are ready to sell now or later. If you are ready, you can sign on and they will make an assessment of what your company is worth. This step includes a lot of disclosures on your part.
The brokers will generally ask for several documents and files from you so they can put a value on your company and get an idea of how much they can sell it for. These documents include, but are not limited to, tax forms for the last several years and contracts for any debts. If you have inventory, they may ask for counts because these count as holdings.
If you started your company as a part of a larger franchise, any documents you have related to that will likely need to be disclosed as well. This is especially important to any future buyers, as they need to make sure the agreement is in order.
After you and the brokers decide on an amount you would agree to sell at, then it is time to create a buyer profile. This is a profile of a candidate to buy who has the necessary skills and money to make the purchase.
The last step in the process is to reach out to buyers who fit the profile the brokerage created. They have contacts all over the world, which makes it easier to make the sale. All you have to do now is sign on the dotted line on the appointed day, and take your check home with you.
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Find an overview of the benefits you get when you consult business brokers New Jersey area and more info about an experienced broker at http://www.efcib.com today.