In order to prepare a Broker Opinion of Value for you, we will need the following:
- 3 years of complete financial statements and Federal Tax Returns
- Interim financial information for current fiscal year and financial statements for the same period in the previous fiscal year
- Percent of sales by customer
- Length of time the customer has been associated with the business
- Value of inventory at cost
- Fair market value
- Copy of a recent real estate appraisal (if applicable)
Selling your business now:
- Continue to focus on the growth and profitability of your business.
- Sell or salvage obsolete inventory.
- Disclose the good and the bad about the business so the buyer doesn’t find surprises in the due diligence phase.
- Do not defer maintenance and repair to the equipment and facilities.
- Compromise is required by both buyer and seller to successfully negotiate a deal. A lop-sided deal for either party will result in “no deal” at all.
Selling your business in the future:
Contact a Gateway Broker today to:
- Learn best practices now to maximize your selling price.
- Find out what buyers look for and make improvements in your business now.
- Review your financials and operations.
- Receive recommendations on infrastructure.