SELL YOUR BUSINESS With Our Professional Team at NLBA
The 3 most common reasons business owners hire NLBA to sell their business: 1) Retirement of owner. 2) an entrepreneur has recognized the need for fresh ideas and new ownership. 3) Business owner has an adverse personal situation (divorce, health issues, partnership issue, etc)
Selling a business can be a time-consuming process packed with headaches. IT DOESN'T HAVE TO BE!
Deciding to sell your business maybe the easy part. How to go about the proccess is a whole another set of challenges! Setting a price, marketing confidentially, negotiating a win-win transaction with a prospective buyer, a sea of legal and financial details need to be addressed. Also, most accounting in a privately held company is done to minimize tax obligations and may not portray the company in the best light, we deal with this problem everyday.
We will work with you to recast your financials to uncover the true (SDE) Seller Discretionary Earnings. Next Level Advisors will help with:
Knowledge
We can market your business without employees, customers, or competitors knowing that it is for sale.
Time
We can save you time and frustration when it comes to selling your business. We’re the mid-market experts who can guide you through every aspect of the selling process.
Marketing
10-20% of all businesses change hands each year. Selling small to mid-market business is a competitive ordeal. We have the local, regional, and international buyers looking for your business.
Negotiations
Determining the right price is crucial. We get the fair market value and only bring in prequalified buyers. Negotiations are clean, patient, professional, and not clouded by emotions or personalities.
Finish Line
We can make selling your business a positive and rewarding experience from your first meeting with us to the day you turn over the keys to the new owner.
Additional Areas of Service
NLBA offers additional areas of expertise including real-estate and business financing.
Top 9 Things to Consider Before Selling Your Business
It is important to understand that for the time to complete a sale , a reasonable target would be about 3 months to 3 years.
Company's Recent Sales & Earnings
The ultimate purchase price can be positively affected if the current sales and earnings have been growing over the past several years.
If Your Business Lost its 2 Largest Customers
What percentage of its overall revenue would be lost?
Will you stay involved in the business
Are there qualified management candidates within your company to take over once you, the owner, retire post sale?
Is There Significant Value in the Company's Real Estate?
It may be advantageous to distribute it to the stockholders before selling the company and have the company lease it back at market value.
Understanding the Purchase Price
The Purchase Price takes into consideration that there will be no interest-bearing debt to be assumed by the buyer.
Corporate Structure
What is the Corporate Structure and which would be preferred, selling the assets or selling the corporate stock?
Company's Competitors
Are you willing to have your broker discuss the company with the company’s competitors?
Reward of Success
Make sure the broker that you select is paid ONLY when the sale is complete and with a fee structure calculated to incentivize an increased sale price.
Confidentiality
Is there someone within your company who can confidentially assemble the required financial data?