SALES PROCESS
Exploring a Sale
Our confidential method for assisting owners explore a sale typically follows the steps shown below.
Confidential Valuation: With limited information on your funeral home we will provide a free market value of your business. If you want nothing more than a free valuation we are happy to provide it.
Engagement: If the market value that we’ve provided is within a range that you would consider then we use an Engagement Letter for you to give us permission to provide more information to you regarding actual sale structures and potential buyers.
Interviews: If our proposed possible buyers are of interest to you, we will arrange a time for the two of you to meet to see if there is a good fit with the business
.Offers: If the interviews go well, we will work with the buyer(s) to put together a written offer for the purchase of your business. Typically owners want to then review these offers with their accountant or attorney.
Structuring: We will work with you to make sure that you are entirely comfortable with the structure of the sale so that you are confident that you will both receive the money as agreed and that it will be enough money to fund your retirement.
Closing: We work with your attorney to close the transaction. We have all of the documents necessary for closing and will provide these to your attorney – thereby reducing legal fees.
Success Fee: Only after a successful closing of the sale of your business is NewBridge paid a fee. Our agreement is typically paid by the seller; however, we have been very successful in having the buyer assume our fee during the negotiation process.
