Selling your business can be complicated, overwhelming and time consuming. It is difficult to effectively manage the sale of a business as you want to make sure you are driving maximum value, while limiting your risks. KOOP ADVISORS offers business owners highly-experienced, skilled guidance and structure to navigate the full sales process with the goal of optimizing success when it is time to sell.
We will jointly develop a game plan to capitalize on your strengths and work to neutralize any challenges encountered in advance of and throughout the sale process. KOOP ADVISORS can also become involved before you make the decision to sell your business to provide an assessment of marketability and value.
The Sale Process
A successful transaction requires careful preparation and positioning along with a true understanding of the current market conditions. The goal is to give the potential acquirers the information they really need and position your company’s strengths in the best light.
The process typically includes the following steps:
- Develop an understanding of objectives
- Assess current market conditions
- Company preparation and positioning
- Conduct a confidential market test to gauge interest with potential buyers, price ranges and timing hurdles
- Prepare information package/memorandum to give potential buyers enough data to value your business without disclosing your confidential information too soon
- Maximize offers consistent with an understanding of your goals and objectives
- Letter of Intent (LOI)
- Due diligence management
- Purchase agreement
- Transition / holdback attainment
