Selling a business is very similar to selling a house. When you market a house you don’t want to have dirty carpets, peeling paint, an overgrown yard, or a list of repairs. You want to make the house look as good as it possibly can to generate the best sales price. You may replace the carpet, repaint the exterior and hire a landscaping company to bring the house to perfect condition. These things cost money but the house will bring way more money in the sale than it costs to bring it up to that level.
When selling a business you want to make it as marketable as possible. If your bookkeeping and financial reports are not perfect we can help. North Star Tax and Accounting can help you get your business ready for the sale. We can help develop a game plan for marketing, employee retention, asset reallocation, and more to prepare your business for a quick sale.
More than likely, the buyer will be financing a portion of their purchase of your business. If this is the case, oftentimes banks require assurances from Certified Public Accountants. We offer everything from compilation cover pages, to reviews, to a full audit.
A well organized business will be much more marketable to potential buyers than a business that is in chaos. Let North Star Tax and Accounting help you sell your business.