Frequently Asked Questions
To determine the price for your business, we will conduct a comprehensive analysis that takes into account various factors. This includes reviewing the financials of your business, examining tax records, analyzing current market trends, assessing the location and evaluating how the company is performing. We will utilize the expertise of our talented team of advisors and seek input from financial institutions that potential buyers may be utilizing. Together, we will work towards setting the most accurate and acceptable price for your company.
After the sale is finalized, it is typical for there to be a transition period where you will be expected to remain involved to facilitate a smooth transition. This period can typically range from 30 to 90 days, depending on the needs and requirements of the new owners. The specifics of your involvement can be negotiated during the due diligence process, as the buyer develops a legal purchase agreement that outlines the mutually agreed-upon terms.
The time it takes to complete the sale of your company can vary and depends on several factors. In general, the process can take anywhere from as few as 90 days to a year or longer. The duration is influenced by factors such as the type of transaction, with cash transactions typically taking less time than conventional finance deals, which in turn usually take less time than SBA finance deals. Additionally, finding the perfect buyer for your business may contribute to the overall timeline.
Initiating the process is easy. Simply give us a call or send us an email and we will schedule a Discovery Meeting. During this meeting, you can learn more about Bravo Kilo Advisors and we will gather information about you and your business. This initial step allows us to begin understanding your needs and objectives, enabling us to provide tailored assistance and guidance moving forward.