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Here are the most frequently asked questions about selling your Business

Is it a good time to sell my business?

The right time to sell your business depends on several factors, including market conditions, your business’s performance, and your personal goals. If your business is performing well and you’re ready to move on, it may be an ideal time to sell. Our team can help assess your business’s value and guide you through the process to determine if now is the right time for you.

What documents do you need to sell your business?

Every business and transaction is unique. While more documentation can increase your business’s value, it can still be sold with minimal paperwork. Helpful documents include financial statements, a business valuation, legal papers, asset lists, customer and supplier info, employee details, and a business plan. Even with limited documentation, our team will guide you through the process to successfully sell your business.

What are typical transaction costs to sell your business?

Transaction costs for selling your business typically include broker fees (5%-10% of the sale price), legal fees, accounting costs, business valuation (typically $3,000-$15,000), and escrow/closing fees. Tax implications, such as capital gains, also need to be considered. However, remember that many of these costs are negotiable with the buyer. Speak with your business broker to find the best strategy that works for you.