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Working with Central Coast Business Brokers greatly enhances the probability of a successful business sale. The closer you examine the process of selling a business, the more apparent it becomes that Central Coast Business Brokers sould be your first and only choice. Central Coast Buisness Brokers is committed to work diligently with every client, as an advocate providing a comprehensive consultative approach to each and every buisness transaction.
Selling process
- Documentation- You provide us with all the necessary documents and data required to sell your business. Including Federal and State tax reterns, lease agreements, inventory, also a list of furniture, fixtures, and equipment with a currnet market valuation.
- Valuation & Pricing- We analize your business, documentation history, and suggest a realistic selling price.
- Advertising- We advertise your buisness in print and on-ine to get the highest possible response and the greatest numbers of prospects.
- Screening- We interview buyers to eliminate those who are unable or not ready to purchase a business at that time. We require a signed, non-disclosure statement and a financial profile.
- Introduction- Central Coast Business Brokers presents your buisness to qualified potential purchasers, and discuss the various components of your buisness.
- Meeting- A meeting with you, the potential purchaser and Central Coast Business Brokers set up.
- Assist With Financing-We have many finacial resources, including lenders who specialize in SBA loans or buisness loans, and we will assist you and the buyer in determining which method of financing will work for all parties and lead to a successful closing.
- Offer to Purchase- We encourage buyers to write a fair offer accompanied with an earnest money deposit check.
- Present Offer- We will present the offer for purchase to you. At the time, we can provide with background information on the buyer and explain the buyers reasoning behind the offer.
- Accept the Offer- You may accept the offer as presented, or you may use our knowledge and experience to structure a counter offer.
- Mutual Acceptance- Central Coast Business Brokers uses their training, negotiating skills and expertise to create a mutually acceptable agreement.
- Inspectons- Nearly all offers are contingent upon the buyer's inspection and approval of all aspects of the buisness operation including financial records. The handeling of due diligence is the most important step in the process of a successful sale. You will need to satisfy the buyer that you have all the necessary licenses and permits necessary to operate the business.
- Contingency Removal- The buyer needs to remove all the contingencies for the agreement to become a binding offer for purchase and sale.
- Lease Assignment- We work to present the buyers experience and financial qualifications to the landlord in order to obtain a lease assignment or a new lease.
- Closing Preparation- The closing documents are based on hundreds of prior transactions. They are tailored to meet the individual needs of you and your buyer at the time of the sale. Most often they are coordinated by an escrow company.
- Inventory- When applicable, we will assist you in finding professionals to assist you with the inventory process.
- A Successful Sale- We assist with the many details required for a smooth transfer of possession. all parties then sign the final agreement, the buisness is transferred and funds are distributed.
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