Only you know the blood, sweat, and tears required to build a great company. It’s not something you can easily describe—most people just don’t understand. You’ve been working hard for years to get your business to this point. Making the decision to sell isn’t easy. It’s not something you’re taking lightly.
Selling a business is hard. There are very few good buyers who you can trust to continue your legacy. You care about your employees and your customers. You must leave them in the right hands. You want to be treated fairly. You only get one chance to find the right buyer. The stress of selling the business feels overwhelming. It’s hard to trust anyone in the process.
Small and Medium Sized Businesses
Any Industry
Intermountain West
Small businesses are often acquired by a range of entities, including competitors or fellow business owners seeking to expand their market presence or diversify their product offerings. Additionally, private equity firms actively seek out small businesses with growth potential to invest in and scale. These acquirers leverage their resources, expertise, and networks to help small businesses reach new heights and maximize their value in the market.
A small business becomes more saleable when it demonstrates consistent and sustainable financial performance, showcasing a strong track record of profitability and growth potential. Additionally, having well-documented and organized financial records, a solid customer base, established operational processes, and a clear value proposition can significantly enhance the saleability of a small business.
A small business can determine its valuation through various methods, such as the market approach, income approach, or asset-based approach. The market approach involves comparing the business to similar companies that have recently been sold, while the income approach focuses on the business’s projected earnings and cash flow. The asset-based approach assesses the value of the business’s tangible and intangible assets. A combination of these methods, along with considering industry trends and market conditions, can help a small business arrive at a fair and accurate valuation. We created the Idaho Business Valuation tool to help small business owners find their valuation range.
When an owner decides to sell their business, the process typically begins with preparing the necessary documentation, such as financial statements, tax records, and legal contracts, to present a comprehensive overview of the business. Next, the owner may engage with a business broker to assist with valuation, marketing, and finding potential buyers. They may opt to directly approach potential buyers themselves to streamline the process. Taking these initial steps sets the foundation for a successful sale and helps the business owner navigate the complexities of the selling process.
When a small business is acquired, the fate of the employees largely depends on the acquirer’s strategy and plans. We integrate the existing team into operations, ensuring a smooth transition, allowing the business to leverage their knowledge and expertise for long-term success.
As a retiring business owner, you are searching for a buyer who can take over your thriving business, provide resources for your team, and increase its growth and success. We share your entrepreneurial drive and are eager to make a meaningful impact in the industry.
Whether you ‘re experiencing burnout or a lifestyle change, selling your business might be a necessary step to accommodate your new circumstances. We are familiar with the intricacies of selling a business in such situations and ensure a seamless transition for your employees.
If you are going through a change in business partnership, selling your business may be a viable option to navigate the transition and ensure a fair resolution for all parties involved. We can help you navigate the process and create a win-win scenario for your business.
If you are facing a disability as a business owner, selling your business may be a practical solution to secure your financial well-being and ensure the continuity of the business.We can help guide you through the selling process to find the right buyer, even if it isn’t us.
If you are faced with the unfortunate circumstance of the owner’s death, you may navigate the process of selling the business to ensure a smooth transition and maximize value for the estate. We can provide guidance in handling the aspects of selling the business in this sensitive situation.
We meet to get to know each other. You tell us about your business. If there’s mutual interest, we move to the next phase.
We agree to keep everything confidential (by signing a non-disclosure agreement). You provide us with more information about your company, like key customers, employees, financial data, etc. We try to identify our biggest/most important questions up front, so you know what we’re thinking. We can move as quickly or slowly as you feel comfortable. If there’s still mutual interest, we move forward.
We put together a letter of intent, outlining what a deal might look like between us. We work together to ensure everyone is taking care of. Once we come to general terms, we keep digging in with you.
We continue to meet with you each week to conduct deeper investigation of your company. We can’t learn it all in one meeting, so we take a measured approach – as quickly or slowly as you need. When it makes sense, we meet with key people inside and outside of your company. The transaction is taking shape.
We mutually agree upon the right price and timing for the transaction – taking everything into consideration. We want everyone to win including your employees, customers, and of course you and your family. You begin helping with the transition to ensure everything will go smoothly on your way out. We iron out any last details of the transaction and make it happen.
After closing, we focus on a smooth and orderly transition. You might be asked to help for a few days, weeks or months to make sure there are no hiccups. We do our part to build on your success and legacy.