Sell Your Business

Is IT THE RIGHT TIME TO SELL?

BEA understands the importance of making informed decisions about your business. Our comprehensive business assessment and valuation services are designed to provide you with the insights and information you need to make an educated decision that align with your professional and financial goals, along with your personal aspirations. Our team is here to help you every step of the way to help you achieve your business objectives.

Building a business is a labor of passion, dedication, and perseverance. It requires relentless effort, from the initial spark of the idea to working long hours, sleepless nights and handling tough decisions. The decision to sell the result of this endeavor can be exciting and intimidating.

At BEA we understand that this decision is not just a financial transaction but also an emotional one. Selling a business involves several key steps to ensure a successful transaction. From preparation, validation and marketing of your business, vetting potential buyers, negotiation, and due diligence, to the final closing, our elite team at BEA will be there for the entire process.

Building a business is a labor of passion, dedication, and perseverance. It requires relentless effort, from the initial spark of the idea to working long hours, sleepless nights and handling tough decisions. The decision to sell the result of this endeavor can be exciting and intimidating.

At BEA we understand that this decision is not just a financial transaction but also an emotional one. Selling a business involves several key steps to ensure a successful transaction. From preparation, validation and marketing of your business, vetting potential buyers, negotiation, and due diligence, to the final closing, our elite team at BEA will be there for the entire process

Our Process

Step 1:

Initial Meeting

The initial meeting is crucial to establish a strong foundation, in addition to understanding our client’s business goals and motivations for selling their business. At BEA we tailor our approach to best meet our client’s needs and objectives.

Step 2:

Representation agreement

A contract between the brokerage firm and the client that outlines the terms of their relationship. The agreement serves to protect both parties and ensures that there is a clear understanding of the terms under which the brokerage will represent the client in the selling of their business.

Step 3:

Information Gathering

Involves collecting relevant details about the client’s business. This includes financial information (revenue, profit and loss statements), operational details, market conditions and any specific information about the business that will enhance the likelihood of a successful business sale.

Step 4:

Marketing – CIM

The CIM includes an overview of the business, its history, financial performance, market position, growth potential, and other relevant details. The CIM is used to generate interest from potential buyers and is shared only with qualified and interested parties under a confidentiality agreement.

Step 5:

Provide Listing Info

Listing information provides a brief overview of the business, highlighting the businesses key selling points such as profitability, location, and brand strength. The listing also includes a call to action for interested buyers to contact BEA for more information.

Step 6:

Buyer Inquires

Prospective buyers expressing interest in acquiring more information about the listed business. Buyers ask about the details of the business for sale, including financial performance, operations, industry, and other relevant information.

Step 7:

Schedule Tour/Buyer Meeting

The broker will schedule a Buyer/Seller meeting once a potential buyer is located and pre-qualified. The buyer will be able to speak with the seller/owner of the business to gather answers to any of their outstanding questions, as well as learning more about the business itself.

Step 8:

Negotiation

Business brokerage negotiation involves skillfully navigating terms between buyers and sellers to achieve a mutually beneficial agreement. Our elite team of brokers ensures fairness and maximized value.

Step 9:

Offer Acceptance

BEA exclusively entertains offers from pre- qualified buyers to ensure a smooth and successful transaction process.

Step 10:

Closing The Deal

Once Due Diligence is completed and the parties are ready to move forward then our team will work with the Closing Attorney’s on preparing all the proper documents. The transaction will be completed on the agreed upon closing date.

Step 11:

Protecting The Proceeds

Post-sale litigation often arises when the new owner changes operations, leading to reduced income and increased expenses, which can trigger fraud claims. Protecting assets right after the sale is essential to mitigate claw back risks.

Step 12:

Finding Purpose

After selling a business, sellers may experience a lack of purpose and need to find new sources of fulfillment.

Business Exit Advisors