Step 3 of Selling a Small Business - The Business Profile
The third step in the process of
selling a small business is the preparation of the Confidential
Business Profile. This business profile
will be one of our main tools for presenting your business to qualified
candidates that we identify.
Depending on the size and type of business, this profile will range between 10 - 20 pages.
The profile will include the name and location of the business, reasons for selling, and general background and history of the business. We will also provide details of the property, lease, demographics and detailed employee information.
The major part of this profile that people are after will be the financial analysis. At this point we will restructure or "recast your financials" from your P&L statements and tax returns. Our goal here is give an accurate display of sales and operating expenses and cash flow so that a potential buyer can make his own projections for cash flow once he takes over.
This is also part of our process that can be considered an informal business valuation, since the results of our analysis will ultimately tell us what the market will likely offer on your particular business.
In addition we will provide a detailed description of assets, equipment and fixtures that will be included in the sale.
Depending on the size of your business and more importantly the amount of time it takes you to provide us will all the necessary information, it can take a couple of weeks to analyze your informationa and produce the business profile. ...Continue on to Step 4 - Marketing your Business
Depending on the size and type of business, this profile will range between 10 - 20 pages.
The profile will include the name and location of the business, reasons for selling, and general background and history of the business. We will also provide details of the property, lease, demographics and detailed employee information.
The major part of this profile that people are after will be the financial analysis. At this point we will restructure or "recast your financials" from your P&L statements and tax returns. Our goal here is give an accurate display of sales and operating expenses and cash flow so that a potential buyer can make his own projections for cash flow once he takes over.
This is also part of our process that can be considered an informal business valuation, since the results of our analysis will ultimately tell us what the market will likely offer on your particular business.
In addition we will provide a detailed description of assets, equipment and fixtures that will be included in the sale.
Depending on the size of your business and more importantly the amount of time it takes you to provide us will all the necessary information, it can take a couple of weeks to analyze your informationa and produce the business profile. ...Continue on to Step 4 - Marketing your Business
