Hundreds of thousands of businesses change ownership each year, and though the reasons for selling vary, there is one goal that remains constant; maximizing the proceeds from the sale.
VR Business Sales and VR Mergers & Acquisitions are at the forefront of the profession with Valued Representation for all of our clients. Everyday, more and more business buyers and sellers demand our proven skills and resources to help them succeed in an increasingly complex market.
Divestiture of your business is one of the most important transactions you will undertake. You owe it to yourself, your family and your employees to approach this sale with the same careful planning and dedication that you put to work in building your business. That's why your first step should be choosing Valued Representation through VR.
Timing is critical when it comes to selling your business
How to Sell Your Business
A frequent question from business owners is “what is the process for selling my business” or sometimes simply “how do I sell my business.” Below is a summary of the VR transaction process, while it may vary depending on the state where your transaction is conducted, your transaction will follow this general process. Your VR Professional Intermediary can review this process with you in detail and answer any questions.
The VR Transaction Process: 20 Steps to the Successful Sale of Your Business
1.Initial Meeting: Introduction to VR and explanation of how VR can help maximize the value of your business, explain the process of how businesses are sold, and answer any questions. During this meeting your VR Intermediary may ask for a copy of your business tax returns, company financial statements, brochures and sales materials, and any other pertinent information to understand your enterprise.
2.Recast Financial Statements & Market Value Analysis: Your VR Intermediary recasts your financial statements to reflect adjustments for nonrecurring expenses and nonoperational expenses, calculates the Discretionary Earnings, and prepares a market value analysis. If the decision has been made to obtain a third party business valuation, your VR Intermediary will prepare the business outline and coordinate with the Valuation Analyst.
3.Commitment: VR will present and explain the recasting of your financial statements and the market value analysi