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Buying a Business

Selling a Business



Selling a Business

The process of selling a business can be a very rewarding and productive experience. Venture Group Business Brokers gives 110% to ensure that it's clients reach their goals. The process begins with a preliminary, no-obligation meeting that is scheduled at the Sellers convenience, usually at his/her place of business. VGBB and the Seller can become acquainted with each other and exchange general information. Then an evaluation is performed to provide the Seller with a price range which he/she can expect to receive for the business. The information required to analyze and evaluate the business includes the following:

Three to five years of detailed and current financial statements, including income statements, balance sheets, and income tax returns. List of furniture, fixtures, equipment, inventory, trade names, patents, and other assets to be transferred with the business. Real property and equipment leases. Any other contractual relationships of the business. Other information which will affect business operations.

The Seller and VGBB work together to establish the asking price and terms for the business. A contractual agreement is entered into between the Seller and VGBB which gives VGBB the right to market the business as the Sellers representative for a specified time period.

VGBB will develop and implement a marketing plan unique to the business and propose a package to target prospective Buyers.

The Seller is responsible for maintaining or improving the value of the company by attending to daily operations. He/she is also responsible for providing updated and/or additional information required by buyers.

VGBB will schedule all showings, conduct negotiations on behalf of the Seller, provide contract forms, coordinate professional advisors, help to satisfy contingencies, and supervise the closing. At the closing, the Seller receives his check.
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