Sell  Your Business in Sacramento

Are you looking to sell your business in Sacramento? There are a number of things that you will need to prepare in order to list your business for sale in Sacramento. They include your last three years’ profit-and-loss statements, a year-to-date profit-and-loss statement, a current balance sheet, a list of furniture, fixtures and equipment, and a copy of your lease agreement (or appraisal if selling real estate). Additionally you should have a list of your backlog, contracts of future business  and  a list of inventories (when applicable).

Additional documentation may be requested by a buyer during the due diligence phase which may include insurance policies, employment agreements, customer and vendor contracts, lists of patents issued, equipment leases and bank statements.

Now that you are prepared to sell your business in Sacramento, it is time to determine what the list price should be. This is done by performing a business valuation to develop a defensible fair market value.

Once you’ve agreed on a list price, it is time to prepare a marketing package and plan to find qualified buyers. This includes a Confidential Business Profile, a “blind ad”, and a go to market strategy. This will help you find a Sacramento based  buyer to sell your business to.

Once a qualified buyer has been found, a sales agreement is negotiated with all disclosures and required documentation in place to protect both buyer and seller. An escrow is opened and the due diligence process begins. After buyer and seller remove due diligence requirements, the escrow officer will remove all liens and obtain tax clearances, making the sale complete for both parties.

For assistance in the sale of your Sacramento business, contact Ron Schwab at First Choice Business Brokers at 530.269.1143.