How to Prepare a Business for Sale
The financial, operational, and documentation work that makes a business easier to evaluate and transfer.
Read guideQuick references rather than essays — what earnings figures actually mean, what diligence looks for, how a seller note is structured, and how confidentiality is staged. Written to be read in the middle of a transaction, not saved for later.
Buyers do not just evaluate revenue. They look at financial clarity, owner dependence, transferability, customer concentration, and the strength of the growth story.
Read the guideThe financial, operational, and documentation work that makes a business easier to evaluate and transfer.
Read guideA plain-language guide to two common earnings measures and why their source and adjustments matter.
Read guideWhat to review across financials, operations, customers, employees, contracts, and transition planning.
Read guideMap closing cash, installments, interest, collateral, balloon payments, and conditions before definitive documents.
Read guideProtect identity while moving qualified buyers through inquiry, NDA, seller consent, and controlled disclosure.
Read guideTurn buyer intent into hard industries, geography, size, financing, timing, and deal-breaker criteria.
Read guideClarify interests, authority, BATNA, reservation points, aspiration, ZOPA, benchmarks, and advisor roles.
Read guideWhere the multiple comes from, what moves it up and down, and why nobody can hand you a real local comparable.
Read guideWhat a buyer of a trades business is really pricing: the licence, the recurring work, the technicians, and the trucks.
Read guideWhy the lease, the equipment and the permits decide more of the price than last year's sales do.
Read guideWhat the fee actually buys, which parts you can do yourself, and the two you should never attempt alone.
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