SELLERS
Frequently Asked Questions

Selling A Business

How do I know my business is valued correctly?

Cantrell-Griffin Business Brokers utilizes a time-tested methodology for valuing your business using your business financial information, industry statistics and your competitive market profile. Our business valuation model provides you with a valuation calculated to provide you with an optimistic business value based on multiples of your business profit and cash flow achievement. Click here to begin the questionnaire to help find the value of your business.

What steps should I take to help my business sell?

You should maintain normal business operations, inventory levels and procedures in dealing with employees and customers, maintain accurate accounting records. You should prepare the business by cleaning office areas for a potential buyer walk-through of the business.

How long will it take to sell my business?

Every business is unique in its value, location and reputation. There is no way to accurately predict how long it will take to sell your business. Cantrell-Griffin Business Brokers has achieved a high degree of success in selling businesses in short periods if the business is priced correctly.

How can I be assured my information remains confidential?

Information will only be provided after potential buyers execute legally binding non-circumvention, non-disclosure and confidentiality agreement. This agreement is kept on file at Cantrell-Griffin Business Brokers.

What kind of offers can I expect to receive?

Offers to buy your business will often be less than the expected price. Buyers establish what they are willing to pay for the business based on their own business valuation. Cantrell-Griffin Business Brokers will present all offers to you and work with you to determine how to respond appropriately to each offer.

How do I know someone making an offer is financially capable of buying the business?

Cantrell-Griffin Business Brokers determines the initial financial suitability of each buyer by having him or her complete a financial statement application. Although financial institutions will require much more detail, the initial financial statement provides a snapshot of the financial ability of the buyers.

How long does it take from an offer being accepted to the business actually selling?

Buyers due diligence periods vary in length. The actual closing date can be specified in the offer and acceptance and is usually determined by due diligence completion and financing.

When should I let my customers and employees know about the sale?

Although most business owners want to let their customers and employees know immediately, numerous due diligence and financial details must first be completed. Cantrell-Griffin Business Brokers will work with you to determine the most appropriate time to notify your employees and customers.

Selling a business can has been said it is like parting with a child, very difficult. However, we can guide you through the process to closing. All you have to do to get started is to take the next step, contact us. We are ready to help you sell your business!