Online Business-Selling Platform – How it Works
ExitAdviser has simplified the overall process of selling a business (by owner) down to a 4 stage undertaking:
#1: Check the Status
#2: Prepare for Sale
Here's where the key online business-selling tools play an important role.
- ExitAdviser's Business Valuation Tool uses the tried-and-tested discounted cash flow (DCF) method to come up with an objective, earnings-based outcome, helping you to defend your asking price with prospective buyers.
- In parallel, the Sales Memorandum tool brings attention to the key information that serious buyers will want to know.
- Next, with the Go-to-Market tool, you will prepare your ad to hit the market.
#3 Go to Market
Almost every purchase today begins with a search on the internet, and the shoppers looking to buy a business are any different.
Getting your offer direct to market
#4: Close the Deal
Get your paperwork ready
ExitAdviser provides you a full collection of legal forms and templates to download.
You'll require a commitment in principle from the buyer, typically a Letter of Intent. Following due diligence and detailed negotiations, obtaining signatures on a Business Sale Agreement is the target outcome for both parties.
At the closing stage, it's the detail that counts. It is advisable to use the services of an attorney.
Total time: up to 12 months.
Supplies: a computer, tablet, or smartphone with internet connection.