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You are here: Home / FAQs on How to Sell Your Business

FAQs on How to Sell Your Business

 

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Selling your business may be the biggest financial decision you will ever make. Transition 360 is here to help you navigate this often confusing and sometimes difficult process, with the least amount of stress as possible, on your way to a successful closure. However, you will have questions and we are here to help.

Selling Your Business Raises Lots of Questions

Why should you use a Business Broker to sell your business?

Why does someone use a CPA or an attorney or an ear nose and throat surgeon?…
Time, Expertise, Advise, Liability

Why should Transition 360 Business Brokers be my first choice?

Experience and Reputation stick out in this industry more than almost any other. Partnership with client, attention to detail, comprehensive transaction design, integrity, ethics…

How is my business for sale kept confidential?

This is an expertise. Blind copies, Overviews, NDA & Non-Piracy agreements.

How will my business be advertised?

Word of Mouth, Online, Trade Journals, Associations, Past Buyer Pool Education, Secret Man Caves…

How do I know how much my business is worth?

A thorough current Market Research and Business Valuation is performed.

How long will it take to sell my business?

Every business is different. Average being 16 months on the market currently.

Will Buyers be visiting my business?

Yes. In an organized, pre-approved, process that vets and prioritizes candidates before an owner ever meets them.

How do Buyers write offers to buy my business?

Buyers will submit a Letter of Intent or a Term Sheet signifying the initial steps of due diligence and leading to a legal Purchase and Sale Agreement.

Who will handle all the inquiry calls on the sale of my business?

Transition360 will mediate inquiries, answer questions and qualify all candidates.

Who will handle the negotiations on the sale of my business?

We do not negotiate. Just kidding. Well. . . Not really. Just seeing if anyone is reading this.

How long will I have to train the person who buys my business?

Business transition training can take from 30 days to years. Each business is different depending on complexities, dependencies and terms written into the Purchase and Sale agreement.

Will I need to finance part of the purchase price of the business?

Yes. You will most likely need to carry a 10-15% note depending on where the buyers financing comes from.

When should I notify my employees that I am selling the business?

Every corporate culture is different and should be approached differently. This should be a well planned part of the transition process.

Will Transition 360 qualify the Buyer by checking their credit?

Transition360 requires a financial statement from each buyer before qualifying them.

Our Process

Our <span>Process</span>

Watch and listen on how to prepare your business for sale by Bill Pearsall.
Learn more »

Understanding Brokers

Understanding <span>Brokers</span>

Selling your business may be the most financially important decision you will ever make. Don't you want to make sure your Broker represents your interests?
Learn More »

Get Started

Get <span>Started</span>

Lets schedule some time to understand exactly what you're looking for...

GET STARTED »

Guiding Principles

Guiding <span>Principles</span>

If your agenda is to fraud your partners, your employees, your vendors, your suppliers or the government, we’d like to refer you to our code of ethics.
Learn More »

Client Testimonials

This group is truly experts in their field. Each transaction is customized and unique. –
Jason TotedoBuyerAGP Wealth Advisors
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Tod is a consummate professional that is deeply respected throughout the market. He leads with intense integrity and is someone you need to know if you want to integrate into the Northwest market.
Darin LeonardCEODream Dinners
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Dan Stone brings a lot to the table for business owners. He has a wealth of experience in understanding the true value of a business and how to build an effective strategy for buying or selling it. Working with mutual clients, I have noted his genuine interest in developing a win-win strategy for th… Read more
Grant MonsonCertified Financial Planner
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Tod brings sincerity, strong business acumen and genuine passion for helping executives to achieve and expand their potential. His firm’s peer roundtables materially improve each member’s ability to develop clear, actionable strategies and execute efficiently against them. In addition, his passi… Read more
Sean CunninghamConsultantPrivate Equity
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With my 40+ years experience doing business purchases and sales, I refer clients to no other brokers besides Transition360.
Gary E. JacobsonAttorney
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I’ve finished reviewing your document and while I’m not sure which direction I would like to go, I wanted to compliment you and your firm on one of the most legible, logical, and compelling business overview I’ve seen. Your client should be very happy they have your team representing them. Great wor… Read more
VinceProspective Business Buyer
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I felt cynical and skeptical about uh the ability of an organization to sell our company and uh we had ideas around the valuation of the company that we’d been dismayed to hear were exceedingly low and so we’d come to believe that those numbers were true. […] We reluctanly paid to have Dan do a v… Read more
Julie and Alan Burke - SellersSellers
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I have worked with Dan and Bill on several client transactions over the last few years and I have considered my work with them a true collaboration with the clients’ best interests in mind. They have not only a breadth of knowledge to handle the multiple issues presented by often complicated busine… Read more
Cynthia HallAttorney
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Dan Stone and the Transition360 team are top professional who are always looking for ways to improve and deliver the finest service to their clients.
Bert Holeton CMC, CPVA, CPBA
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Having worked with Tod as a strategic referral partner for several years, I would recommend him without hesitation as a management consultant and business development executive “par excellence” who brings a focused, professional outlook to every engagement. His networking and consultative selling sk… Read more
Matt YoungquistCareer Corporate Consultant Coach
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Welcome to Transition360 | Business Brokers – Serving the Pacific Northwest

Transition360 is the only business brokerage firm with a proven and comprehensive program that helps small business sellers and buyers through an optimal transition. Our track record of 90% successful business buy and sell transactions make us the Seattle business broker to use when you want results.

We engage with business owners that have built their businesses with sweat, risk and hundreds of hours of lost sleep, resulting in positive cash flow for a new owner to grow the company to the next level and beyond.

Business Buyers

Our Buyer Clients are proven managers with a desire to be their own boss. They have the confidence, skills and resources to take a proven business platform and build a continued legacy. They look … Read More »

Our Partners

After 30+ years of business, we’ve developed relationships with professional service providers who have proven that they understand how to … Read More »

Mission Statement

Transition360 has three primary rules: Complete Transparency No Seller Remorse No Buyers Remorse If your agenda is to defraud your partners, your … Read More »

Connect with Us

If you’re contemplating a sale of your business or in the market to buy, we’re always available for a confidential, no obligation meeting (and coffee is on us). Contact … Read More »

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