Generally $1MM to $50MM in revenues and profitable. However, this revenue number is squishy and requires a conversation to make sure both parties are a good fit for each other.

It is possible as Taralee has worked with hundreds of different businesses, but being an expert in your industry isn't vital to a successful sale of your business. If Taralee can understand what you do and its financials, she can sell it. To this point, it is not uncommon buyers are unfamiliar with your industry! Some buyers are looking for profitable, well-run business where they can bring their entrepreneurial spirit and operations/management experience and grow the business. 

There are several steps to accomplish a sale and it isn’t the same for everyone. What we can say is that the average time to sell a business, from the time the business is being actively marketed, to the time of signing, is roughly around 15 months. This doesn’t include the preparation or the transition time to the new owner.

Yes, absolutely! If that is what the owner desires. Eventually, and at the right time, a very serious and vetted buyer who has signed a Non Disclosure Agreement will learn the business name.

It depends on a variety of factors, way too many to list here, but that is part of the first Step for Success: Discovery.

However, when selling a business, owners often need to follow a detailed checklist to prepare the business for sale. As part of our service, we help educate business owners on how to properly prepare their business to attract a variety of potential buyers.

It depends on a variety of factors, way too many to list here, but that is part of the first Step for Success: Discovery.

There are many factors that contribute to a business’s value, both positively and negatively. A simple math equation isn’t going to give you the true and final value of the business until all the good/bad/ugly about the business is thoroughly understood. There are also many methods to apply to value a business and using the right method is where the expertise of Next Chapter is incredibly invaluable.

There are a variety of ways by which Next Chapter will seek buyers and every business is going to be different for the approach to the market.

If you already have a buyer for your business, Next Chapter can help you facilitate negotiations, deal structure and several other key components necessary for a successful sale.

This answer is not easy to answer and depends upon the owner of the business, the business itself,  and the owner as a person, individually.

1. A business owner will need a business attorney who is well-versed in mergers and acquisitions (Next Chapter has recommendations if needed).

2. A business owner recommends a good CPA or tax attorney or accountant that will help the owner understand tax implications in a deal structure (Next Chapter has recommendations if needed).

3. A business owner recommends a good financial planner to ensure the proceeds from the sale will meet their personal financial goals (Next Chapter has recommendations if needed).

4. There may be other professionals necessary or recommended.

5. Depending upon the makeup of your Management team and other stakeholders/key personnel in your business, it is one that the news of a potential sale needs to be handled delicately, but the advice is to try to be open and transparent with your trusted employees. More to discover and advise.

Oh this is a good one, most owners forget about Uncle Sam. It is incredibly important to Next Chapter that the owner(s) understands what goes into their pocket when everything is said and done. It requires working with your external deal team and to understand taxes and fees, and then developing a strategy to put more in your pocket.

This varies business to business. And with proper planning, the owner can dictate these terms.