ORION REAL ESTATE
630 First Street South
Waite Park, MN 56387
320.251.1177

QUESTION:  What do I need to do to prepare my business for sale?

ANSWER:  The obvious thing you should do is to make sure all the equipment is in good working order.  If you are leasing, be sure your lease is in good standing with the landlord in every respect.  The most important item, however, is to keep good financial records.  The first thing a potential buyer is going to want to see is the financial statements for the past several years.  If you have incomplete or inaccurate records, the chances of selling your business decreases dramatically. Remember, a business buyer is not looking to buy a collection of used equipment.  He or she is looking to buy a business that generates cash flow over and above debt service. You want to be able to show your business in its best condition and keeping good financial records will allow you to do that. 

Any other questions? Call us for answers!

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