: The business is "packaged" and marketed to potential buyers, often while maintaining strict confidentiality.
The private sale of any business generally follows a structured procedure to mitigate risks for both parties.
: The seller evaluates exit strategies and gathers all relevant business records. buy sell small business
Close or sell your business | U.S. Small Business Administration - SBA
: A buyer conducts a preliminary review and submits a conditional offer. : The business is "packaged" and marketed to
To officially sell a business, several critical documents must be prepared and reviewed by professionals.
: The buyer performs a deep-dive investigation into the company's financial, legal, and operational health. and specific terms like non-compete agreements.
: Both parties negotiate the purchase price, timing, and specific terms like non-compete agreements.