Owner guide
Common stages in a business sale
Every transaction is different, but owners often move through a series of conversations and reviews. The sequence, timing and outcome depend on the business and the people involved.
Begin with fit and preparation
An initial conversation can establish the business type, location, broad financial picture and the owner’s goals. If more support is useful, SellerInquiry may make a compensated introduction to an independent transaction partner. The partner’s services and terms are separate and should be reviewed before proceeding.
Organize and review information
Owners may prepare financial statements, operating details, customer and supplier concentration, contracts, leases and information about the management team. The purpose and amount of information shared should be agreed at each stage, with suitable confidentiality protections.
Consider interest and possible terms
A qualified advisor may help evaluate buyer interest, proposals and potential transaction structures. A letter of intent or other preliminary proposal is not the same as a completed sale; important terms may change during review and negotiation.
Complete diligence and closing work
If the parties decide to continue, they may review financial, legal, operational, tax, licensing, property and financing matters. Attorneys and other qualified professionals help prepare and review definitive agreements. A transaction closes only if the parties satisfy their agreed conditions.
A private first step
Start with the details you are comfortable sharing.
The initial inquiry is a place to describe the business and your timing. You do not need to attach confidential records.
Start a confidential inquirySee how the first conversation works
General information only. SellerInquiry does not provide valuations or legal, tax, accounting, or brokerage advice.