Owners who plan to sell their businesses would be wise to prepare for the due diligence process a few years before the selling process begins. Due diligence by definition is an “investigation” and when it is applied to a business sale, it means the buyer leaves no stone unturned!
Why Is Due Diligence So Important?
After buyers and sellers sign a Letter of Intent (LOI) that outlines the purchase price for the business, the buyers will conduct a thorough review of the seller’s business. Every issue they find will be a reason to reconsider and reduce the purchase price, which is exactly what sellers DON’T want to happen.
What Can I Do to Survive Due Diligence?
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Why Due Diligence Is So Important to Selling Your Business - Business 2 Community:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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