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How to Sell A Business - The Selling Process

In this video below, Top Business Brokers Adrianna Smith and Lana Hout discuss the selling process and the steps involved in the successful sale of a business. 


10 Steps to Selling Your Business 

1. Schedule a call with a First Choice Business Brokers ("FCBB") Sales Professional.

2. Gather documents requested by your FCBB Agent for your call.

3. During your call you will be asked a series of comprehensive questions to help us develop a clearer picture of your business and what approach we will take to obtain buyer interest in YOUR business.

4. Determine Market Price for your business utilizing FCBB's proven market pricing analysis.

5. Listing Agreement authorizing FCBB to represent you in the sale of your business.

6. Seller pre-approval of Listing Marketing/Advertising and potential terms offered.

7. FCBB Agent to manage Buyer inquiries and Buyer pre-qualification process including buyer signing of NDA (Non-Disclosure and Confidentiality Agreement).

8. FCBB Agent to arrange meeting between Buyer and Seller.

9. FCBB Agent to assist in writing and/or presenting offers and subsequent contract negotiations.

10. FCBB Agent to manage the timeline from offer acceptance to closing (transfer of ownership to the Buyer) including the Due Diligence Process, and overseeing Bulk Sale Escrow requirements.

Successful Sale of your Business is Complete!