Selling a main-street business, the critical factors
Selling a Main-Street Business, by our definition……is a Company that generates less than $1,000,000 in annual owner benefit, and it has been our past experience that it is often one of the most misunderstood and poorly managed processes in small business today.
This is unfortunate, because a lot of high-energy, risk-taking entrepreneurs have spent years in the trenches seeking solutions with their lenders, suppliers, employees, competitors and governments so they can support their families, create wealth, and provide jobs and service to their communities. Most expect exiting from their business for other opportunities or the golden years to be a rewarding process.
We want you to be prepared with an unfair advantage, to be prepared for the incoming fire that will inevitably come your way and so you are positioned for every opportunity to get to your closing table. First…..you must see the business and the process through the eyes of a buyer, a lender, and all others critical to the success of your transaction.