Whether it’s retirement, opportunity or unforeseen circumstances, one day you will sell your business. Engaging the right business broker to sell your business is a very important decision. You will need a business broker who understands that a successful deal depends on a well prepared strategy.
Understanding this, NewGate’s process is split into two components:
Identifying Your Options:
At NewGate, we believe that whether you choose to sell your business or not should depend on the options available. During the first part of our engagement, NewGate will act as your trusted business consultant in identifying your business sale options. Each business owner is different and thus desires and expects different outcomes from a sale. Contrary to popular belief, there are various approaches to structuring a business sale. In order for you to make a well informed decision, it is paramount you spend enough time exploring and evaluating the available options. Furthermore, NewGate will begin to refine your company’s financials from a business sale perspective. This will allow you to gauge a range for the value of your business and therefore better understand whether it is the right time to sell.
Executing the Sale:
This part of the engagement remains dormant until you decide you want to proceed with a sale. Upon your decision to do so, NewGate will act as your trusted business broker. Using what we learned about your business during the first phase of engagement, we will prepare the necessary marketing documents that will then be shared with our network of buyers, relevant to your business. Despite having an extensive network of buyers, a client’s business can sometimes require an additional solicitation campaign in which we search for equity groups, corporations and/or individual investors outside of our existing network. Once we have generated some interest, NewGate will work on your behalf to get a deal done. This includes but is not limited to, qualifying the buyer, negotiations and connecting the buyer to lenders if necessary.
We only succeed if you do. Simple. NewGate and our clients have a congruence of goals. Therefore, from our first conversation to the signatures at closing, we are completely motivated to work in your best interest.
We generally work on success fee basis. However, the clients that are in need of consultation prior to a sale are typically charged a very reasonable consultation fee. This allows us to dedicate the necessary time to plan for the ultimate goal, a maximum value sale.
Interested in purchasing a business for sale? View Our Business For Sale Listings.