What Buyers Want to See in a Business that is Being Sold
When you are set to sell my business La Habra Heights, the first thing you must do is hire an experienced business broker. The role of the broker is to guide you through the sale process and ensure you don’t make mistakes. At So-Cal Business Brokers we are happy to take over the sale so that you can focus on the core operations of your business. We will help you with everything from helping you get the business ready for sale to finding the right buyers to helping with closing.
We are committed to making the process of selling a business as hassle-free as possible. Even so, it is important that you understand what buyers want to see in your business. This knowledge will come in handy as you get ready to sell my business La Habra Heights.
You will be exhausted by the sheer volume of documents buyers will want to see. The objective is to help buyers see your numbers from every financial angle. The requests will come from both buyers and banking institutions that will be working on the deal. Our business brokers in Los Angeles will help get your documents in order so as to speed up the process.
Legal and regulatory issues and status
The legal aspect of your business cannot be ignored. Buyers will want to see organized files of the following:
- Articles of incorporation
- Insurance policies
- Current legal agreements
- List of assets
- Marketing materials
- Employee censuses
- Documentation of operational procedures
- Documentation of recent safety / environmental inspections
- Documentation of any pending lawsuits / fines against your business
The list of documents needed as you sell my business La Habra Heights will vary from one business to the next. Having been selling businesses like yours for more than 20 years we will be able to help you gather all relevant documents.
While your numbers may be great, buyers will also want to take a look at your list of top customers. The names can be redacted but you have to show the revenue per customer. The goal is for buyers to check the profitability of your customers and also to make sure you are not dependent on a handful major clients.
The information requested by potential buyers vary from one business to the next and depending on the type of customer you are dealing with. Our job at So-Cal Business Brokers is to ensure you don’t make mistakes that can keep you from selling and also ensure that you close the deal fast and for the right price. Give us a call now to find out more.