Selling your Business

Being organized is critical in selling a business; there are many documents that can be prepared well in advance of a sale. These include but are not limited to:

- past 3 years of financial statements

- asset and equipment list

- copies of lease (confirm that your lease is assignable, negotiate options to extend the lease)

- list of vendors and key contacts

- customer list

- checklist of things to do after a buy/sell agreement is accepted

The due diligence process by the potential buyer will undoubtedly bring requests for more information, but by having the above documents in advance will help to speed up the process and show the buyer you are organized and ready to sell.