Our practical, effective divestiture/exit program includes:
Beyond the numbers…
Every buyer puts a great deal of emphasis on the strategic factors. We work closely with you to present a clear understanding of the market, competition, the focus of the business, and proprietary advantages including technology, customer relationships, intellectual property, as well as human and physical resources.
What is for sale?
- We prepare a Confidential Information Memorandum for prospective purchasers, including:
- Business overview and background
- Sales history
- Current market position
- Prior three years Financial Statements and Federal Tax Returns
- Recast financial statement to show EBITDA cash flow and owner related expenses that will further increase adjusted cash-flow
- Non-specific snapshot to top customers and/or customer segments
- Facilities and Equipment
- Staff
We then prepare a complete and compelling confidential profile. These documents will be provided in phases, beginning with basic, non-identifying information that we can use to attract general interest through mass marketing. We then progress to more detailed information to send to prospective purchasers, carefully screened to make sure that they are capable of purchasing. (In all cases, prospects have signed a Confidentiality Agreement for your protection.) By creating this package results in a smoother sales process.
Working closely with our customer, we answer questions from the potential buyers. Information of proprietary or highly competitive nature may be withheld, but to the degree possible, we provide what each buyer requires to facilitate their evaluation.
Everything we do to market your business will be handled with confidentiality. The prospects you will see will be those who we have qualified, and who we are confident are financially and motivationally capable of buying your business. No information will be disclosed without a signed Confidentiality Agreement, a bio & personal balance sheet being provided.
Once an Offer, Term Sheet or Letter of Intent has been signed and agreed to, we will facilitate:
- Due diligence
- Financing
- Environmental studies if required, if real property is involved
- Purchase agreement negotiations
- Manage the closing process
- Post-close planning
- Hepling you pay as little in taxes as possible*
*Although Dolan Sales, Inc. is not qualified to give tax advice, our team will work with your professional advisors to suggest, and to structure the transaction, to minimize your exposure to Federal Taxes.
What else, if anything, must be done to close the transaction?
Murphy (of Murphy’s Law fame) always visits a number of times during a transaction, but seems particularly close at hand when Closing approaches. We work with the buyer to develop a Term Sheet outlining the business agreement which is signed-off by both seller and buyer, and can be provided to legal counsel. We co-ordinate internal and external professional resources such as financing, legal, accounting, environmental and tax advice, if and as required. We have proven administrative systems to make sure things stay on track, and to the extent possible, pre-empt Murphy.
Divestiture/Exit Strategy/Seller Services
What’s special about Dolan Sales, Inc. divestiture/exit strategy support?
- We listen very carefully, we are patient, and ask questions to make sure we understand the big picture.
- We have the business experience to ensure the divestiture/exit plan is realistic including realizing our customer’s value and non-financial goals; or we recommend against proceeding.
- As external advisors, we are able to preserve confidentiality better than if the process were to be managed “in-house”.
- We don’t get sidetracked by “the daily operating crises.” Management is thus able to focus on the continued success of their business at this most critical time.
- We are relationship driven. Our commitment is to do what’s right for our customer, representing them as a transactional broker and intermediary.
Dolan Sales, Inc. is a company that assists business owners of lower mid-market companies. We provide both business brokerage services for small business owners and M&A advisory services to middle-market & lower-middle market companies. If you are ready to sell your business, it makes sense to use a professional advisor to prepare the confidential business profile, find qualified buyers, and negotiate the sale. Trying to sell your business on your own is not only a lot harder than it looks; it also takes time away from running the business.
Our relationship with you as a seller begins with our education. We spend time with you to understand your business, your markets, your challenges, your financial history, and your business model. Once we have performed this analysis and a range for an asking price has been agreed on, you will execute an Engagement Agreement, allowing us to represent you in the sale of your business.
