Now that you have built your advisory team we can move onto the collection of information. This may seem like a daunting task, but it is well worth the effort since all of the information will be put to use to work for you in selling your business.
Once engaged, your business broker will begin to collect information in order to develop the pitch book, marketing plan, and market price opinion for your business. Information requested by the broker will include financial documents such as profit and loss statements for the past three years. Additional information requested will include a copy of the business lease or a property title, customer and employee contracts as well as a seller interview.
All of this information will be combined with the broker's market knowledge to create a listing for your business, inclusive of marketing materials and an attractive asking price. The asking price will be based on multiple factors via historical information databases and the current state of the market. The end goal is for the broker to be able to price your business to attract qualified buyers, but also to provide you a good ROI (i.e. fair market value).
All information the broker develops to list your business for sale will be approved by you prior to use. This ensures that you are informed and comfortable with the sale process from start to finish.
If you are ready to list your business please schedule a complimentary consultation with one of our brokers.
Rachael Holstein joined the Transworld Team in 2016 as Marketing Coordinator. Her working experience has been largely focused on Business Development and Marketing in the finance, architecture, property management, and information technology industries. A long time resident of Cleveland, Ohio, she attained her Undergrad from John Carroll University and a Master's Degree in Global Interactions from Cleveland State University. She relocated to Denver in 2013 for a change of scenery and a bit of adventure.