Connecting Buyers and Sellers
At PRO-iBrokers, we are dedicated to helping buyers and sellers connect and achieve their desired business goals. Whether you're looking to sell your business or find a new opportunity, we have the expertise and resources to help you succeed. Our team consists of brokers, lawyers, and financial/data analysts who will work with you every step of the way to ensure a smooth and successful transaction.
How the process works:
1. Determine if you are in a position to sell your business:
We typically will not take on clients unless you have a trailing 12 month net income of at least $250,000. If you are generating less than that, then we highly recommend you continue to grow your business before selling as it will make it more attractive to sell and increase the value which ultimately puts more money in your pocket.
Additionally, to sell your business you need to be as hands off as possible in the business. If you are operating a business and are doing it solo, then it will be difficult to sell the business as buyers will see it as too high risk. Therefore, we typically require that the business owner have limited presence in the business and has outsourced day to day operations to employees.
To simplify the requirements to sell a business through PRO-iBrokers:
- At least $250,000 in net income for the trailing 12 months
- Limited presence of the business owner with day to day operations in the business (but you can still be an intricate part of business operations such as a provider seeing patients or a branded face).
2. Schedule a Free Consultation
Once you have determined you are ready to sell the business based off the above criteria, schedule a call with Justin Allan Montgomery to review your business, discuss its valuation, and go over the process of selling a business. Please email us below with a few details of your business and we will respond within 24 hours!
3. Due Diligence and Business Valuation
Once you and PRO-iBrokers are aligned , we will begin the process of building out a sales presentation for your business. This will include a variety of data points including the businesses finances, customer profiles, product/service offerings, and much more! This process can be lengthy but it is well worth it as it will make your business extremely attractive to potential buyers.
This is also the time that we want to ensure that your desires are known so we can negotiate your post-sale responsibilities and obligations. This will allow you to walk away with a deal YOU WANT!
4. Listing Your Business
Once the due diligence process is complete and a world class sales presentation is developed, we will begin reaching out to a variety of private equity contacts notifying them of your business and if needed, we will list your business through a variety of channels.
5. Vetting a Buyer and Getting an Offer
Once we find a qualified buyer, we will vet them to ensure they have the financial resources to purchase your business and are aligned with your desires. We will negotiate heavily on your behalf to get the best multiple and sales price for your business. We will WALK AWAY if we cannot negotiate terms that fit your requirements. Our goal is not to find the first buyer we can... our goal is to find the BEST and MOST QUALIFIED buyer for our client. If this takes more time, then so be it!
Once the best offer is negotiated, then the buyer will issue a LOI (letter of intent) and the sales process starts.
6. The Business Sale
The actual sales process can take 30-75 days in most cases. This process is the time for the buyer to do due diligence on your business to ensure what was presented is accurate. This should go smoothly as we will have had done the majority of the leg work up to that point for our clients, which will ensure a simple process and transaction.
Once the buyers due diligence is complete, then a closing date is set and the sale is finalized. This day is very exciting for the seller because it results in a very large deposit into your bank account!
Usually the owner will need to stay on board with the business for 1-2 years to hand over the business in an orderly fashion to the buyer. Therefore, be prepared for this obligation but we will make sure it aligns with what you want.
Ready to Sell Your Business?
We are READY to SERVE YOU and Sell Your Business!
We specialize in medical practices, wellness clinics, online education businesses, weight loss practices, and everything in between!
PRO-iBrokers
Call or Text: (575) 729-6588 Justin@proibrokers.com
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