_processed.jpg)
Ready to Sell Your Business?
We're here to help
100%
Confidential
90-Day
Closing
As Low As 7%
Commission
Learn Our 8-Step Selling Process
We’ve created a customized 8-step selling process to maximize your business’s value and ensure a seamless transition to the new owner.
1
Disclosure Agreement
In our initial meeting, the business owner will sign a Mutual Confidential Disclosure Agreement, ensuring that Main Street Business Brokers maintains complete confidentiality throughout the process. To proceed with the valuation and sale preparation, the owner will need to provide copies of the business’s certified financial statements for the past three years.
Business Valuation
Our team will conduct a comprehensive analysis to provide you with a detailed business valuation. By examining key financial metrics, market conditions, industry trends, and comparable sales, we ensure that our valuation reflects an accurate, well-rounded assessment of your business's worth. This thorough process is designed to help you confidently prepare your business for sale and achieve the best possible outcome.
2
3
Agency Agreement
The business owner will sign an Exclusive Agency Agreement, granting Main Street Business Brokers the sole right to represent the sale of the business. This agreement outlines the terms of the partnership, ensuring Main Street Business Brokers will actively market the business, identify qualified buyers, and negotiate the best possible deal on the owner’s behalf.
4
Marketing Strategy
Our team will create a compelling one-page teaser and a comprehensive prospectus to market your company. These documents, along with other company information, will be stored in a secure online data room, accessible only through a non-disclosure agreement that tracks all interactions with interested buyers. The final marketing step is to set the go-to-market pricing of the business and prepare for the next phase.
5
Launch Listing
Once we have all materials prepared, we are ready to launch your business listing. In addition to listing your business on the Main Street Business Brokers website, we will publish your business on multiple, industry leading websites that buyers go to. We will also contact our exclusive network of buyers to ensure maximum visability.
6
Accept Best Offer LOI
When interested buyers submit Letters of Intent (LOIs) to purchase your business, our team will implement a structured process to manage these offers effectively. We focus on more than just the highest bid; we consider factors such as cultural compatibility, the buyer's commitment to preserving your legacy, their plans for your employees, and key deal terms like cash at closing, timeline to close, and likelihood of successful completion. This comprehensive approach ensures that the chosen buyer aligns with your values and goals, facilitating a smooth transition and safeguarding the future of your business.
7
Due Diligence Period
Once you've selected a buyer's Letter of Intent (LOI), they will enter an exclusive period to conduct due diligence. While this process may seem thorough, its primary goal is to confirm the business's details and allow the buyer to develop a post-sale growth plan. It's important to keep this constructive purpose in mind to avoid "deal fatigue" during due diligence.
Additionally, the buyer's financing source may require parallel due diligence. For instance, if the buyer plans to use an SBA loan, the lender will need access to the same information. Our team is experienced in assisting lenders by providing the necessary information in the preferred format, streamlining the process and increasing the likelihood of a successful closing.
8
Closing & Transition
The final step to your next journey! The closing process involves coordinating among the Main Street team, the buyer, you, and the attorneys to finalize the sale. Attorneys ensure all legal details are meticulously addressed before authorizing the transfer of funds. An escrow account may be utilized to hold funds until all conditions are met. Additionally, the transfer of ownership includes the assignment of assets, contracts, leases, and other pertinent agreements to the buyer.
