Connect With Us
Phone: (405) 237-9219
Hours: Mon-Thur 9am-5pm, Fri 9am-3pm
Address: 5801 NW 26th St
Warr Acres, OK 73122
A Step By Step Guide
Answer yes to the following questions before moving on: 1) Is your company ready to sell? Are you ready to exit your business?
Typically the first conversation can be over the phone and take 30 minutes.
Motivation to sell, and financial position. Disclose anything and everything about your business. This is the time we begin to determine will we be a good fit for you and vice versa.
Once all your documents are in order and submitted, await the broker’s opinion of the ‘Market Value’ and proposed listing price.
This will give qualified Buyers a ‘snapshot’ summary about all aspects of your business. At this time we will perform an appraisal of your business. This typically takes 30 days to get completed. To complete the appraisal an invoice for work will be paid in full before moving on to listing the business.
We’ll schedule conference calls and meetings with qualified candidates. You may be required to have conference calls and in-person meetings with Buyers. This process might be repeated several times until we find the right buyer.
Consider all offers. Accept or counter an offer. The person who has the most options in price, terms, and conditions will prevail successfully.
This is the phase in which a prospective buyer will analyze confidential records about your business.
We await your buyer to sign off on all applicable contingencies. For example, if you lease your property and get landlord approval or are a franchise and need corporate approval.
Attorneys will prepare closing documents for the transaction, and they are reviewed by the buyer, seller, and respective legal counsel. Depending on the complexity of the transaction can take 2-3 weeks.
Inventory is conducted (if applicable, and often it is competed at a time other than the day of closing but as close to closing as possible).
Parties meet at a closing attorney’s office or title company and sign the documents, and exchange monies to officially ‘close’ on the sale of the business. The keys to the business are pasted across the table.
Seller will train the buyer and help him/her get acquainted with their new business.