Global Business & Investment - U.S.A. LLC.,
Head Office : 9421 S. Orange Blossom Trail, Suite : 20C
Orlando, Florida 32837
Tel : 407-376-2788, Fax : 407-440-8445
HOW CAN I PREVENT MY EMPLOYEES, MY CUSTOMERS AND MY VENDORS FROM KNOWING I'M CONSIDERING SELLING?
Confidentiality is perhaps, the most critical issue for a business broker. Virtually every business seller doesn't want his employees, customer or vendors to know that his business is for sale. GLOBAL BUSINESS ADVISORS, is very cognizant of this fact and in every step that we take we emphasize confidentiality.
HOW LONG WILL IT TAKE TO SELL MY BUSINESS?
There is a great deal of variation in the time frame but if we had to pick an average time, eight to nine months may be close. While this may sound like a long time all of the facets of selling a business, including, listing the business, finding buyers, interviewing buyers, writing contracts, due diligence and finally the closing process are all time consuming.
I HAVE A LONG TERM LEASE WITH MY LANDLORD. AM I GOING TO BE ABLE TO TRANSFER THAT?
Transfer of the lease is crucial to the success of the transaction. It will be almost impossible to consummate a deal unless the lease can be transferred. Leases will have a clause that defines the landlord's rights regarding transfer. Frequently the seller will be required to remain as a guarantor of the lease and often there may be a charge by the landlord for the transfer.
I'VE TAKEN A GOOD BIT OF CASH OUT OF MY BUSINESS AND NOT RECORDED IT, IN VALUING MY BUSINESS DO I GET CREDIT FOR THAT?
This is a difficult one, it is very, very difficult to prove to a prospective buyer that you have earned income that has not been reported. The only suggestion here is if you are not reporting income stop right now and maintain accurate records including all income. There are some businesses that do sell in spit of this fact.
WHAT'S IT GOING TO COST ME?
GLOBAL BUSINESS ADVISORS has no upfront fees. We will an alyzeyour business and go through the entire process with no cost to you. Your only obligation is when we find a buyer for your business. We traditionally receive our payment at closing.
Global Business Development