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There are many facets in the divestiture of a company.
INITIAL CONSULTATION: The initial consultation includes understanding your goals and reasons for selling, learning about your business, and perusing your financial documents.
CONFIDENTIALITY: Confidentiality is one of the most important concerns in selling a business. Due to our own business experience we understand the complete necessity of confidentiality and can assure you of our compliance.
VALUATION: A third party valuation is one of the most important business tools a seller can have at his disposal. A professional valuation establishes a benchmark for value in the marketplace. It gives credence to your sale price as well as pre-qualifies your business for SBA financing. The buyer knows exactly what his initial investment requirement will be from his SBA lender, as well as his monthly payment. Statistically, a company with a professional valuation has a significantly better chance of sale with a much higher price than a company without a third party valuation. For these reasons we strongly encourage the use of professional valuations.
RECEIVING INSTRUCTIONS: At this point we follow your instructions in regards to pricing and terms.
PROSPECTUS/DOCUMENTATION: Preparation of marketing prospectus as well as due diligence material. The prospectus is a 40 to 60 page professionally presented document accompanied by a digital CD covering every aspect of your business and general demographics.
MARKETING: This is where VR Hallandale excels! Your business will be targeted to selected client groups. With 75 offices nationwide, as well as associates throughout Central and South America and Europe, your business will receive international consideration.
SCREENING/NEGOTIATING: It is our job to ensure that all parties around the negotiation table are qualified and serious.
MUTUAL ACCEPTANCE: Congratulations, we are almost there! You now have a written sales contract with contingencies signed by both parties.
DUE DILIGENCE: The due diligence period allows for an inspection of all aspects of your business and its operations. Analysis of financial records, contracts, employment records, supplier agreements, intellectual property rights, buildings, equipment, inventory, leases, operations, licenses, etc are conducted during this period.
REMOVAL OF CONTINGENCIES: As we go through the due diligence process, contingencies are removed. When all contingencies are met and a final inventory is taken, we have a firm agreement.
CLOSING AND DISBURSEMENT: Final closing documents are signed. Funds are disbursed and congratulations are in order!
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