Complete a market valuation to determine the true market value of your business, and set an offer price.
Prepare a confidential memorandum – a 15-page document that highlights the business and answers key buyer questions.
Execute a marketing plan that advertises a generic business description while preserving confidentiality.
Screen and qualify buyers.
Set a meeting between seller and serious qualified buyers.
Encourage the qualified buyer to submit a formal offer to purchase. Seller and buyer then negotiate an agreement.
Facilitate buyer due diligence and closing documents.
Establish an escrow account for the transfer of funds and ownership.