Sale Process
Pre-Sale Checklist for Selling Your Business
A pre-sale checklist is a good way to ensure you have all of the details before selling your business. This will get you somewhat ahead of the due diligence list that will be provided by the buyer. Sunbelt can provide you with a ‘sellers questionnaire,’ which you can use to pre-screen buyers and prepare for…
Read MoreHow Long Does It Take to Sell a Business?
Most times it takes between 4-12 months to sell a business. Occasionally it can take longer especially if the business experienced reduced revenues/profits after the listing went live. Remember that it may take 2-3 months to close a deal after signing a contract. The process can be shorter or longer depending on several factors, including…
Read MoreWhat is a Letter of Intent?
A letter of intent is a preliminary document generated when selling your business that establishes the key terms of a proposed deal between two parties. The letter sets forth the agreed-upon terms and indicates that both parties are committed to moving forward with the transaction. Sunbelt, however, does NOT take letters of intent. They go…
Read MoreWhat Exactly is a Business Broker and What Do They Do for Someone Selling Their Business?
If you are about to start the process of selling your business, a business broker can help you find the right buyer that has the financial resources to get a deal done. Sunbelt pre-screens buyers by creating a profile that includes a Personal Financial Statement (PFS). Our system helps business owners know more about a…
Read MoreWhy Selling Your Business is One of the Biggest Transactions of Your Life
You worked hard for years to build a profitable business. Now, the time has come to find the right buyer. Selling your business represents one of the biggest, if not the biggest transactions of your life. The value of your business most likely is worth more than any other asset you own. Even selling your…
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