Steps for Selling a Business
This will serve as a plan, and it may last many months or several years. Your steps may include the following:
- Get the business as profitable as possible.
- Find a broker and meet with them.
- Have an accountant prepare your necessary financial documents.
- Collect information regarding insurance, agreements with vendors, clients, rental or leasing entities, etc.
- Assess the value of your business.
- Form an exit strategy that benefits the buyer, employees, partners, and you.
- Have your broker list your business for sale.