Sales Process
The Sales Process
Below is a summarized, step-by-step process of the typical business sales process:
- Seller's Broker conducts a confidential meeting with the seller, educating them about the sales process.
- Market analysis, valuation, and price positioning are conducted.
- Seller signs the Engagement Agreement and provides necessary documents.
- Seller's Broker prepares marketing information and obtains approval.
- A marketing strategy is created, and the listing is added to the top websites.
- Qualified buyers receive access to the Confidential Business Report and meet the seller.
- The buyer's Broker writes the offer and secures a deposit.
- Seller and Seller's Broker review and decide whether to accept or counter the offer.
- A confidential data room is created, and access is granted.
- Contingencies are removed.
- Broker facilitates legal documentation and revisions.
- Sale takes place.
