Who ranks for “sell a business”

Selling a business requires organizing your financials, determining an accurate valuation, and marketing to qualified buyers while maintaining strict confidentiality.

Key Steps to Sell a Business

Prepare Financials: Gather 3 to 5 years of profit and loss statements, tax returns, balance sheets, and cash flow records. Get a Valuation: Hire a professional to evaluate your earnings (like EBITDA) and assets to set a realistic asking price. Assemble Your Team: Consult a Northwest Bank advisor, accountant, and attorney early to draft non-disclosure agreements (NDAs) and sales contracts. Create Marketing Documents: Prepare an anonymous teaser, an NDA, and a comprehensive Confidential Information Memorandum (CIM) for serious buyers. Go to Market & Negotiate: Screen buyers for financing capability, manage offers, and review guidance from Axial on avoiding common deal pitfalls.