Getting Started
Preparing for the sale of your business requires gathering together pertinent information on the business. Below is a general outline of what you will need to gather together for us to properly assess your business and take it to market for a sale. Be sure to contact Casey Grimes at 804-299-6840 or by email at casey@seamlessbiz.com so he can answer any questions you have pertaining to this material and the process.
To prepare your business for sale:
1) Have an initial, free, no-obligation consultation with Casey Grimes of Seamless Business Sales.
2) Assemble the below necessary information:
- *3 years of tax returns for the business
- *3 years of Profit and Loss (P&Ls) statements for the business
- *A current balance sheet
- *A year to date profit and loss statement with results for the same period of the previous year. The comparison helps us understand the business trends in sales and profitability.
- *A list of Equipment used in the business with approximate Fair Market Value estimate for each piece.
- *Dollar amount of on-hand, sellable inventory at your cost
- *Copies of any certified business appraisals and/or real estate appraisals
- *Copies of any real estate or equipment leases
- *A list of key employees with information about each one
When you have this information gathered for Casey, he will review it in detail and meet with his team to generate some initial questions for you to best understand and assess your business. A time will then be set to meet with and interview you about your business. Once the interview is complete, Casey will help you make the best decision about your business and show you how he and his team can best help you. He’ll also be sure to answer all your questions in detail. This initial review of your business is a free service provided by Casey Grimes and Seamless Business Sales.
Good planning for the sale of your business can maximize the sales price but, even more importantly, can help you keep more of the money from the sale. Contact us today to get started.