Selling a Florida business can be a challenging yet rewarding experience for the business owner. Consultation with a professional Business Broker at Truforte Business Group can be an important first step for the business owner looking to sell a Florida business. Truforte Business Group will guide the business owner through the complete process of selling a business.
The process begins with a preliminary, no-obligation meeting that is scheduled at the seller’s convenience, and usually at the seller’s place of business. General information is exchanged, so the Seller and Truforte Business Group can become acquainted with each other and their respective business.
Next, additional information is compiled and examined to determine the value of the business. Information needed will include: two to three years of detailed and current financial statements, balance sheets, and income tax returns, as well as information on other assets to be transferred when selling the Florida business.
A valuation is then performed to provide the Seller with a price range, which he can expect to receive for his business. Truforte Business Group consults with the Seller to establish the proper terms and asking price for the business.
Finally, a contractual agreement is entered into between the Seller and Truforte Business Group, giving Truforte Business Group the right to market the business as the transactional agent for a specified time period and under specified terms and conditions.
Will everyone know that my business is for sale?
No. Truforte Business Group is fully confidential. All prospective buyers are required to sign a non-disclosure agreement before any specific information is released.
How do I begin the process of selling my businesss?
Truforte has extensive experience in selling businesses in many industries. We help guide you through the complete process of selling, giving you the the time and confidentiality to do what you do best: run and maintain a successful, profitable business for sale.
How much is my business worth?
Determining the value of a business can vary greatly depending on the industry. If you are ready to sell and you don’t know what your business is worth, the best way to answer this question is to meet with a business broker and allow us to give a free, no-obligation opinion of value.
What do I need for an opinion of value?
To get started with an opinion of value, some basic information will be needed for review. The information needed is any relevant financial information such as 3 years of tax returns and/or profit and loss statements, as well as account receivables and equipment/property leases. Additionally, any assets that would go with the business along with an estimated fair market value of the assets would be needed better understand the true value of your business.
At Truforte, we believe that confidentiality of any sale or purchase deal of a business is of paramount importance due to a variety of reasons, including uncertainty amongst customers and employees. We address these concerns by requiring ANY prospective buyer to sign a standard confidentiality agreement. This not only allows us to market your business confidentially, but also bring qualified, serious buyers.
The most commonly asked question business owners ask when it comes to selling their business is: What is my business worth? A business is generally valued on two basic principles: What the business owns, and what the business earns. Determining the value of a business can vary greatly from industry to industry and there can be many different factors to take into consideration when valuing a business. The best way to find out the value of your business is to set up an appointment with a Business Broker at Truforte Business Group.
A professional Business Broker at Truforte Business Group will guide and assist you through the process of negotiating a purchase of a business that is right for you. As intermediaries of the transaction whether it is a franchise, home based business, small business, internet company or mid-size corporation Truforte Business Group can make the acquisition of a business for sale in Florida a pleasant experience for both the buyer and the seller. Many business opportunities can be found at Businesses for sale but if you don’t find what you are looking for please call us at 239-284-1317.