our process to Selling Your Business

The initial meeting is crucial to establish a strong foundation, in addition to understanding our client’s business goals and motivations for selling their business. At BEA we tailor our approach to best meet our client’s needs and objectives.

A contract between the brokerage firm and the client that outlines the terms of their relationship. The agreement serves to protect both parties and ensures that there is a clear understanding of the terms under which the brokerage will represent the client in the selling of their business.

Involves collecting relevant details about the client’s business. This includes financial information (revenue, profit and loss statements), operational details, market conditions and any specific information about the business that will enhance the likelihood of a successful business sale.

The CIM includes an overview of the business, its history, financial performance, market position, growth potential, and other relevant details. The CIM is used to generate interest from potential buyers and is shared only with qualified and interested parties under a confidentiality agreement.

Listing information provides a brief overview of the business, highlighting the businesses key selling points such as profitability, location, and brand strength. The listing also includes a call to action for interested buyers to contact BEA for more information.

Prospective buyers expressing interest in acquiring more information about the listed business. Buyers ask about the details of the business for sale, including financial performance, operations, industry, and other relevant information.

The broker will schedule a Buyer/Seller meeting once a potential buyer is located and pre-qualified. The buyer will be able to speak with the seller/owner of the business to gather answers to any of their outstanding questions, as well as learning more about the business itself.

Business brokerage negotiation involves skillfully navigating terms between buyers and sellers to achieve a mutually beneficial agreement. Our elite team of brokers ensures fairness and maximized value.

BEA exclusively entertains offers from pre- qualified buyers to ensure a smooth and successful transaction process.

Once Due Diligence is completed and the parties are ready to move forward then our team will work with the Closing Attorney’s on preparing all the proper documents. The transaction will be completed on the agreed upon closing date.

Post-sale litigation often arises when the new owner changes operations, leading to reduced income and increased expenses, which can trigger fraud claims. Protecting assets right after the sale is essential to mitigate claw back risks.

After selling a business, sellers may experience a lack of purpose and need to find new sources of fulfillment.