Selling business

Questions asked about how rfficiently sell one's business

What is due diligence?

The main person who conducts the audit is an investor who can involve consultants (lawyers, auditors, inspectors). The business broker…

The main person who conducts the audit is an investor who can involve consultants (lawyers, auditors, inspectors). The business broker usually does not take part in the verification, except for the organization of the exchange of documents between the parties.

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How do you keep my business sale confidential?

Over the decade of existence of business brokers in the United States, serious procedures have been developed to protect confidentiality.…

Over the decade of existence of business brokers in the United States, serious procedures have been developed to protect confidentiality. The job of a broker is to weed out dubious investors, and secondly, those who have a serious interest in your company, bind them with confidentiality agreements.

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Do I need a solicitor and accountant?

Although not required, it is highly recommended. A lawyer will help in the formation of transaction documents that protect your…

Although not required, it is highly recommended. A lawyer will help in the formation of transaction documents that protect your rights and money. An accountant will help structure the transaction to minimize the payment of tax. If you want to rely on the opinion of a lawyer or an accountant in the sales value, first of all take into account their experience, how many transactions of this kind they themselves have carried out.

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What information will I have to provide?

Collect all documents, both confirming the ownership of your corporation and fixed assets (cars, ships, buildings). It is extremely important…

Collect all documents, both confirming the ownership of your corporation and fixed assets (cars, ships, buildings). It is extremely important to provide high-quality financial statements that are beyond doubt and confirm the declared profitability.

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13. How do I choose a business broker?

If you are a seller, business brokers who have a well-designed program to attract investors are best suited. Avoid working…

If you are a seller, business brokers who have a well-designed program to attract investors are best suited. Avoid working with business brokers who limit themselves to posting information about a business for sale on portals. The quality of investors from such brokers is quite low.

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Why use a business broker?

If you are a seller, a business broker is able to bring in many more quality investors than you can…

If you are a seller, a business broker is able to bring in many more quality investors than you can find on your own. Under his leadership, everything will be done much better, which will reduce the chances of losing money.

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What tax will I have to pay on selling my business?

Most likely you will have to pay capital gain tax. The details depend on the specifics of your situation, it…

Most likely you will have to pay capital gain tax. The details depend on the specifics of your situation, it is best to discuss this with your CPA.

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Can you sell a minority shareholding?

Yes, but in small businesses this is extremely rare.

Yes, but in small businesses this is extremely rare.

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How long does it take to sell a business?

Preparing a business takes from 2 months to a year, depending on the neglect of the situation. A well-prepared company…

Preparing a business takes from 2 months to a year, depending on the neglect of the situation. A well-prepared company is sold in 3-6 months.

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When is the best time to sell my business?

It is best to sell when the business is ready for sale, that is, it has professional accounting, a management…

It is best to sell when the business is ready for sale, that is, it has professional accounting, a management team ready to replace the owner, and it has a sales system that is autonomous from the owner. If the business is still at the stage of growth, then this is only a plus.

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How do you value a business?

Business valuation is more of an empirical process. It involves so many variables that it is impossible to derive a…

Business valuation is more of an empirical process. It involves so many variables that it is impossible to derive a universal formula for all. Brokers rely on their experience and, when evaluating, are based on transactions that have been in their practice.

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Is my business saleable?

Yes, you can sell everything, including a loss-making enterprise. But at the same time, it is necessary to soberly assess…

Yes, you can sell everything, including a loss-making enterprise. But at the same time, it is necessary to soberly assess the market value based on the attractiveness for investors.

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What happens to cash when selling a business?

Cash (balances on bank accounts) are withdrawn by the seller on the day the transaction is closed. This is a…

Cash (balances on bank accounts) are withdrawn by the seller on the day the transaction is closed. This is a standard condition for selling a cash free/debt free business. That is, the seller takes all the money in the bank and accounts receivable, but at the same time is obliged to pay off all obligations.

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How much is a business worth with $1 million in sales?

The main criterion for the market value of a business is profit. Revenue is a secondary instrument and cannot give…

The main criterion for the market value of a business is profit. Revenue is a secondary instrument and cannot give an accurate representation of the selling price. A business with $1,000,000 in revenue and $50,000 in profit is worth less than a $500,000 in revenue and $150,000 profit.

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How do you know how much to sell your business for?

The most reliable source is the people who do business immigration day in and day out. They know the conjecture…

The most reliable source is the people who do business immigration day in and day out. They know the conjecture of business, the market, and can formulate their opinion. Read more in articles about business brokers.

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What paperwork is needed to sell a business?

The main documents are documents on the ownership of both the business as a whole and its assets (cars, ships,…

The main documents are documents on the ownership of both the business as a whole and its assets (cars, ships, aircraft, buildings). As well as financial and tax reporting. The investor may require other documents depending on the specific situation.

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How much can I earn selling my business?

The selling price is determined by the amount of profit. Also, the price is affected by the presence of professional…

The selling price is determined by the amount of profit. Also, the price is affected by the presence of professional management and the quality of accounting in the company.

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How can I sell my business fast?

In order to sell a business without sacrificing the price, you need to have access to a large number of…

In order to sell a business without sacrificing the price, you need to have access to a large number of quality investors. This can be done by working with a business broker who focuses on attracting investors from all over the world. Read more in the Selling a business section.

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From 6 to 12 months

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Read What Our Clients Say (Google Reviews)

  • Absolutely thrilled with my experience at Florida Buy and Sell and especially working with Alyona! She was professional, courteous, and incredibly knowledgeable, making my business buying transaction smooth and hassle-free. Their expertise and dedication to customer satisfaction really stand out in the industry. Highly recommend for anyone looking to buy or sell business with confidence. A true gem in Florida’s market!
  • I enjoyed working with Alyona Safonova as a business broker, and I cannot recommend her highly enough! Alyona is a true professional with a deep understanding of the market and a talent for finding the perfect match for her clients. She guided me through the entire process with expertise and patience, always available to answer my questions and address my concerns. Her dedication and hard work resulted in a successful sale that exceeded my expectations. If you're looking for a knowledgeable, reliable, and results-driven business broker, look no further than Alyona Safonova! 💼👍
  • I've been dealing with Florida Buy and Sell in my professional capacity as an immigration attorney assisting foreign individuals in buying businesses in the U.S. I can attest to the high degree of diligence displayed by Florida Buy and Sell in all business transactions I witnessed. My primary point of contact, broker Alyona Safonova, has always been responsive to my clients' inquiries and meticulously collected all financial documents necessary for the effective transaction.