The Business Sale Sequence

It’s likely your prime motivation is your next goal or objective in mind if you’re contemplating the sale of your business. It’s also likely that the sale of your business is the major event that needs to be achieved to let you move onto your next goal. Further, it’s also likely that a successful sale is important in setting you up to move on.

So, my advice, start with the end in mind. You want to achieve a successful transfer of your business to new owners.

Stepping back in sequence to get that successful transfer, these are the tasks you’ll probably need to successfully complete to move on.

  1. It’s likely there’ll be some post-settlement tuition or ongoing training for the new owners.
  2. Before that; the business sale contract will need to be settled.
  3. Before that; a stocktake is likely to need to be completed.
  4. Before that; pre-settlement tuition or training for business buyer(s).
  5. Before that; the business buyer(s) will need to have funds in place for settlement.
  6. Before that; the business buyer will need to satisfactorily complete ‘due diligence’.
  7. Before that; a business contract of sale or agreement will need to be signed and a deposit paid.

Before that; there will be negotiations with prospective business buyers to reach agreement of the price and terms and conditions of the sale.

  1. Before that; there will be discussions and inspections of the business by prospective business buyers
  2. Before that; there will be marketing activities to seek out prospective business buyers.
  3. Before that; there will be the listing of the business and/or placing its into the market if the owner elects to sell themselves.
  4. Before that; there should be an assessment of the likely selling price of the business.
  5. Before that; there will be the collection, organising and preparation of business information and documentation to support the business sale and the business buyer’s ‘due diligence’ requirements.
  6. Before that; there will be the selection of a business broker to assist with sales preparations and pricing and to represent you in the business sales market.

Before that; there will be your actual decision to sell.

It should be fairly evidence that there are a number of tasks you’ll need to complete if you are to successfully sell your business. Thought and consideration to those will help. Consider well and act wisely.

If you need more information, please talk to me: 

Graham Long

0428-649-791

Kevin Lovewell

M: 0401-308-385
E: Click here to contact Kevin Lovewell
Member & Registered Business Valuer
Australian Institute of Business Brokers

Graham Long

M: 0428-649-791
E: Click here to contact Graham Long
Member & Registered Business Valuer
Australian Institute of Business Brokers

Kevin Lovewell

M: 0401-308-385
E: Click here to contact Kevin Lovewell
Member & Registered Business Valuer
Australian Institute of Business Brokers
What others say about Kevin Lovewell

Graham Long

M: 0428-649-791
E: Click here to contact Graham Long
Member & Registered Business Valuer
Australian Institute of Business Brokers
What others say about Graham Long

For Quick Contact

Fill in details below and we will contact you as soon as possible.

©2019 Copyright - Negotia Group | Web Design by Online Specialists | Privacy Policy | Sitemap
Negotia Group
PO BOX 100 Beachmere
QLD4510 Australia
Call 1300-551-757