All-Inclusive Selling Platform – How it Works
#1: Check the Status
Our business-selling process will help answer these questions:
- Are you ready to sell?
- Is your business sellable?
- Is your business prepared for sale?
- As the owner, how much money do you need from the sale?
#2: Prepare for Sale
Here's where ExitAdviser's business-selling tools play the key role.
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The Business Valuation tool uses the discounted cash flow (DCF) method to come up with an objective, earnings-based outcome, helping you to support your asking price with prospective buyers.
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The Sales Memorandum tool highlights key information that serious buyers will want to know.
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The Go-to-Market tool's Ad Editor helps prepare your offer to hit the market.
ExitAdviser launches your advertising campaign on Google, driving prospective buyers directly to your business listing's landing page.
Alternatively, with the Pitch-to-Brokers tool, your offer will be confidentially sent to a number of nearby business brokers.
#4: Close the Deal
Get Your Paperwork Ready
Our service includes a full collection of downloaded sales documents (forms and templates) to help you during the closing process.
Typically, you'll require a commitment in principle from the buyer – a Letter of Intent. Following due diligence and detailed negotiations, obtaining signatures on a Business Sale Agreement is the final step of the process for both parties.
At the closing stage, we advise business owners to use the services of a local business lawyer to make sure every detail is accounted for.
ExitAdviser has simplified the process of selling a small business down to a 4-step journey (see above). On average, it takes 5 to 10 months to close the deal.
All you need is a computer or smartphone with internet connection to get started!
