Magnolias Business Brokers will list businesses from all sectors and industries. Prior to a listing being finalized we will offer a comprehensive business evaluation. We require this in order to outline the expectations of both parties in our Business Listing Agreement.
In order to do a business evaluation, Magnolias Business Brokers will ask to see a couple of items:
Financial statements for the last three years. (If you do not have all 3, we will work with what you have in the interim)
Your current lease or property report of the property the business operates on.
Copies of Franchise, License, Supplier, or any business agreement where value can be seen by buyers.
A List of assets, equipment and inventory that will be included in the purchase price.
Lastly, please provide a brief write up about your business scope, what has made your business successful and the reason for selling.
With these items we will be able to come up with a sale price range. If both sides are in agreement with the range we will begin a pre-sale due diligence where we will drill a little deeper into your business to finalize a final listing value.
If you are interested or thinking about selling your business, please contact us today. The process of selling takes time, planning and preparation. Even if you are planning to sell in 3-5 years, it is not too early to start identifying points of value and improvement that will pay off at the time of sale.