Preparing Businesses for Sale – A Broker’s Holiday Tale
Whether your phrase of choice is Merry Christmas, Habari
Gani, or Happy Hanukkah, we wish each and every one of our Buyers and Sellers a
season’s greetings. Many celebrate by
spending time with their families, shopping for holiday gifts, or merely
relaxing by the fire as a busy year winds down.
How do business brokers celebrate the season? By feverishly preparing a brand new batch of
businesses for sale in 2019!
Most Buyers and Sellers don’t realize the immense amount of detail
work an Agent performs preparing a single business for sale. Here’s a look at the process from our
perspective: when we take on a Listing, we’re now responsible for presenting
your business to thousands of qualified Buyers.
Coming up to speed is a lot of work!
Often, we have several years of financials (profit & loss
statements, balance sheets) to review for accuracy, profitability, and pitfalls. We review your lease, looking for the good
and bad. Reviewing business taxes to
understand and determine how best to communicate the data to our Buyers. Agents evaluate the current state of the
business, looking for its’ best selling points and discussing / strategizing
over anything that might be a roadblock to a sale. We then package all this information so it is
digestible by our thousands of qualified Buyers. Yes, it is an awful lot of work, ranging from
several weeks to several months worth of preparation for each and every Listing. But hey, that’s what we do!
We pride ourselves on the vetting our Agents undertake to
help Buyers and Sellers navigate this process, whether the business has been in
operating for 40+ years or is an asset sale.
Each Listing was cared for by one of our talented, experienced Agents --
yes, even in 2019, human capital still remains our most valuable asset. So when you’re browsing through our business
Listings, rest assured that each one has been vetted by a BottomLine
professional.
Stay tuned to our blog in 2019 – We’re just getting started,
and you’ll hear from us regularly. We
will provide lots of advice from years of experience, business stories so
unusual they could only happen in the real world, accounting insights, legal lingo,
and much more more.
Have a Happy Holiday Season!
Founder, BottomLine Business Brokers
