PROCESS
The owner, Zach, has been a party to over 30 transactions and has designed a process where we do the work and minimize the time and energy on your end. Our goal is to make the process as easy as possible on you to allow you to focus on preparing your business for sale.
1. Call to provide you more information and answer questions.
2. Enter into an NDA and gather key documents.
3. Work together to calculate your Earnings.
4. Address any operational action items based on our Criteria.
5. Enter into a non-binding Letter of Intent for the Sale of your business.
As the Sale Approaches, next steps would be:
6. Compile and review due diligence materials.
7. Draft and finalize all legal documents for the transaction.
8. Close and transition.
Don’t stress it – we will be there to lead the process from start to finish!
TIMING
Timing will be based on a few factors:
First and foremost, we want to understand your timing goals and try to meet them
How quickly you are able to provide the necessary due diligence materials
The amount of back and forth when negotiating legal documents, and lawyer’s schedules (we are often waiting for the lawyers)
If we are seeking bank financing, the loan will need to go through underwriting
Our goal is always to move the transaction forward as quickly as possible. Please be prepared for bumps in the road, as they always come up. Nothing ever moves as quickly as we want it to, but we will get it done!