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There is really no simple answer. Selling a business isn’t like selling a house: put a price tag on it, list it, and wait for buyers to make offers. It is a complex process that takes a considerable amount of time.

This is a brief summary of the process and the timelines:

Preparation: 3-5 Weeks (Estimated)

• Preliminary meetings, valuation, determination of your objectives
• Interviews to learn about your business
• Gathering financial and other information from you
• Preparing the Confidential Information Memorandum and Information Teaser

Marketing: 3-5 Weeks (Estimated)

  • Developing a marketing plan
  • Conducting buyer research
  • Qualifying buyers
  • Evaluating offers

Working With The Buyer: 8-12 Weeks

  • Negotiating the price, structure, and terms of the deal
  • Managing the due diligence process
  • Closing activities

Your Involvement

Since you are involved in many of these activities, the time it takes to sell your business also depends, to a great extent, on your commitment and available time. We realize you also have a business to run so it is understandable that your schedule may prolong the timeline.