Why Should I Sell My Business?
Everyday, all across the nation, people decide it’s time to sell their business. There are many reasons people do it. Some may sell simply because they’ve lost passion, are ready to retire or a wish to pursue other ventures. Other reasons people sell can be a bit more serious, such as risk exposure, partner death or illness, divorce or a lack of capital. Whatever your reason for selling, MWV Consulting can help you get the most out of your investment.
What do I need to Sell My Business?
When getting ready to sell your business there are a few things that you will need to gather to allow our team to complete a valuation of your business assets and ensure a smooth closing.
- Three years of profit and loss statements
- Three years Federal income tax returns
- Three years balance sheets
- FFE (Furniture, Fixtures and Equipment)
- Copy of current lease with landlord (if applicable)
- Franchise agreement (if applicable)
- Names and addresses of lawyer and accountant
With the above info, and some additional information required on a case by case basis, we can establish a true value of your business. This also lets us help prospective buyers understand the asking price for the business and structure a sale that has maximized benefits for both parties.
Commitment to Confidentiality
We understand that there is a need for complete confidentiality while preparing to sell and throughout the sale process for a business.Premature indication of a sale can hinder relationships with employees, customers, vendors, bankers and other people you communicate with on a regular business. For these reasons, and many others, we will never release information regarding the sale without your approval.
How We Sell
We don’t want to just sell your business to anyone, we want to find the right buyer at the right price. We’ll launch a tactful marketing campaign to reach potential buyers near and far. We use targeted direct mail, our huge referral network and national and local advertising to reach the largest number of prospective buyers possible. We also understand that many business owners organize their financial information to minimize the tax burden, and we can assist in recasting your financials to show your business at its very best.