CGBB works diligently to bring sellers and buyers to the closing table
How do I know what my business is worth?
Cantrell-Griffin Business Brokers utilizes proven methodologies for valuing a business using business’ financial information, comparative industry statistics and competitive market profile. Our business valuation model provides valuations calculated to provide a realistic business value based on comparative industry data … primarily driven by the profit. Click here to begin the questionnaire to help find the value of your business.
What steps should I take to help my business sell?
Make hay while the sun is up! Maintain normal business operations, inventory levels and procedures in dealing with employees and customers and ensure accurate accounting records. Maximize profits instead of minimizing taxes … stop running personal expenses through 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. However, industry average is 9 months to 1 year. CGBB has achieved a high degree of success in selling properly valued businesses in shorter periods. High profitability relative to price and clean books help accelerate the process.
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 can vary greatly between potential suitors as they assess a business’ risk and profitability profile. Buyers establish what they are willing to pay for the business based on their individual evaluation. Cantrell-Griffin Business Brokers will present all offers 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?
Financial suitability of each prospective buyer is initially determined through initial interviews and by having the buyer complete a financial statement application. Although financial institutions will require much more detail, the initial financial statement provides a snapshot of financial ability.
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. CGBB will monitor and manage this process along and advise.
When should I let my customers and employees know about the sale?
Key employees may need to know early although most business owners want to let their customers and employees know immediately. Negotiations, due diligence and financial details typically must first be completed. Cantrell-Griffin Business Brokers will advise on the most appropriate time to notify your employees and customers.
It's been said selling a business is like parting with a child … its a very difficult and emotional time. However, CGBB 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 start the process to advise an optimal exit strategy to sell your business!
