Develop A Business Profile
1. Develop a BUSINESS PROFILE
- subsequent to a listing agreement, your agent will gather important information that would help a prospective buyer understand your business
- all this information is then compiled, along with a written summary of your business and financial analysis, in a BUSINESS PROFILE document
- depending on the confidentiality parameters agreed upon, this document, in many cases, will usually provide a buyer sufficient information to make an offer
2. Define the potential buyer
- in some cases, the buyer for your business has already been identified.
- the approach to selling a business to specific buyers such as the above must consider a strategy that will maximize the return to the seller. Contracting a professional agent to accomplish this goal is as important as in the situation where a potential buyer is not identified.
3. Seek out the buyer
- a marketing strategy is proposed by ACE BUSINESS VENTURES INC. and approved by the seller
4. Generate offers
- one of the functions of an agent is to screen and qualify potential buyers and to apply the confidentiality parameters that have been agreed upon
- as the agent knows the sellers situation, he will work with the buyer to objectively structure an offer that meets the requirements of both parties
- the offers will be presented to the seller under the rules of COMMON LAW AGENCY and if necessary, a counter-offer can be developed with the agent's assistance
- once the letter of intent or the offer has been accepted, the job of ACE BUSINESS VENTURES INC. is not yet completed
- as deals can terminate at any stage of the negotiation, we will be closely involved until closing day to ensure that the transaction progresses to a final positive outcome