Philadelphia, PA -- (SBWire) -- 04/04/2019 --As one of the top-rated national mergers and acquisitions advisory firms in the country, Ashley Capital Group understands that the process of selling a business can be challenging and complicated. Now, they're offering a list of the most common questions that business owners ask about the process of selling their company, and how to address them.
One of the most important questions to begin with is understanding how long the process of selling a business can take. Although the answers may vary from business to business, the seller should expect it to take a year from beginning the search to closing the deal.
Additionally, there are several steps that need to be considered before finding and vetting a potential buyer. First, it's essential to reduce business debt and provide projections of the company's growth. To give buyers an idea of the company's expected success, sellers should provide balance sheets, cash flow statements, income statements and tax returns.
Following finding possible buyers, sellers should ensure they're serious about purchasing the business. This includes requesting that they sign a non-disclosure agreement, obtaining a financial summary, or looking at their credit score. This helps to weed out casual buyers.
Once the due diligence process begins, then sellers should be prepared to divulge the remaining pieces of financial information for their business. This includes payroll summaries, sales contracts, profit and loss statements, and more.
The length of this process can take many months once a buyer is found. There are numerous steps in between finding a buyer and closing the transaction, including due diligence, negotiations, and drafting the contracts.
Selling a business takes time, effort, and meticulous attention to detail. At Ashley Capital Group, they help their clients yield maximum value from selling their business and preparing for retirement and beyond.
For more information, contact their mergers and acquisitions firm at 866-565-9723 or visit https://www.ashleycapitalgroup.com/.
About Ashley Capital Group
Ashley Capital Group is a national mergers and acquisitions advisory firm that focuses on the full sale of companies, as well as the development of strategic partnerships. By successfully integrating the process of M&A, they help business owners receive a maximum return on investment for the sale of their company. The advisors at Ashley Capital Group also provide companies with the ability to partner with other firms. This opens them to opportunities to receive investments on sales, service lines, operations, and working capital.
For more information, please visit https://www.ashleycapitalgroup.com/.
Ashley Capital Group Advises on the Top Questions to Ask Before Selling a Business