So you've made the difficult decision to sell your business (or at least to understand how it works).
The Process
We begin by providing a confidential review of your financial statements in combination with a thorough walk-through of your business.
Following data analysis, we are able to determine an opinion of value, current market price range or facilitate a third party valuation.
Following the signing of the listing agreement, a complete marketing package is created for the business including pictures, financial highlights and any other special feature or items of interest for a prospective buyer.
Next, a custom marketing plan is created. Once approved by the seller, the strategy is implemented, reaching active buyers in the Bay Area, California and nationwide.
All buyers are required to submit financial and professional qualifications and to sign a confidentiality agreement before any information is provided.
Each week, the owner will receive a status report indicating the number of buyer calls and interviews conducted.
Once an offer is prepared and an appropriate deposit has been received, the offer will be presented to the seller.
The seller will have a stated amount of time to accept or counter the buyer's offer.
Once the offer is signed by both the buyer and the seller, additional funds will be secured and escrow will be opened if applicable.
Next is the due diligence period in which the buyer will have the opportunity to thoroughly examine all items pertinent to the transaction. The seller will also have the opportunity to request information of the buyer.
Simultaneously, financing and required licenses are applied for. Final walk-throughs and transfers take place when all contingencies have been removed from the offer.
Congratulations! Prior to closing, all final monies are deposited and documents are executed
For more information or for a complimentary and confidential Opinion of Value of your business, call 510.215.5155x701 or email to jegwhite@bluekeybma.com.