Due Diligence Checklist: Items for the Bank and Buyer When preparing your business for a sale or for a bank evaluation, it’s crucial to have all the necessary documentation ready. Below is a checklist of key due diligence items to ensure a smooth process. 1. Gather...
If you are selling your business, you will likely want to get the best price possible. Since there are so many different factors that contribute to your business’s valuation, professionals are available to help explain your selling options. Basically, though,...
If you’re looking to buy a business you’ll find no shortage of listings. According to an insight report by BizBuySell.com, 7,842 businesses were sold in 2016 alone. However, purchasing a business can be a difficult decision, especially if you do it alone...
Two top items a bank will want to see to consider before granting a business loan to your buyer is that the sales and cash flow trend are steady or growing, and that no one customer represents more than 10% of total sales. If there is a sales decline with a reasonable...
Statically, the average time range is eight to 10 months. Some of the factors that can reduce or increase this time frame are: When most business buyers filter opportunities they are considering, the factors they weigh are typically the geographic location, type of...
As you start the process of considering to exit or sell your business, the following are topics you will want to consider: When to sell: Discuss the past three year’s results and the realistic prospects for the upcoming years. Do you have the energy and desire to take...
