"The entrepreneur is essentially a visualizer and actualizer... He can visualize something, and when he visualizes it he sees exactly how to make it happen." - Robert L. Schwartz
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The process of selling a business can be a very productive and rewarding experience.
CBR operates on the fundamental premise that there can be no losers in the successful sale of a privately held company. Both the seller and buyer must be satisfied after the transaction is complete. We take extraordinary precautions to ensure that every business is properly priced and has a sound structure. Our staff works very hard to ensure that they understand, as precisely as possible, every business they market.
The process starts with a preliminary interview and gathering of financials that will allow or staff to prepare a business valuation. This document will provide the Seller with a price range that their business can expect to receive. Information required to analyze the business includes the following:
| Two to three years of detailed and current financial statements, balance sheets, and income tax returns. |
| List of furniture, fixtures, equipment, inventory, trade names, patents, and other assets to be transferred with the company. |
| Real property and equipment leases. Any other contractual relationship of the business. |
| Other information which will affect company operation. |
The Seller and CBR work together in establishing the asking price and terms for the business. We also get started at this point with preparing the offering package and review it with the Seller to insure it is an accurate portrayal of the opportunity.
CBR then markets to, qualifies, screens and educates all prospective buyers to minimize unnecessary exposure and disruption of the business. We prepare well qualified buyers with a step-by-step understanding of the business to instill confidence to proceed to final purchase
The Seller is responsible for maintaining or improving the value of the business by attending to daily operations. He is also responsible for providing updated and/or additional information required by the Buyers.