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Selling Your Business
Why Texas Business Sales?
Our team takes a proactive approach to selling your business. Our in-house broker team and large buyer network allow us to achieve an industry-leading success rate for our clients.
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Not sure if your business is ready to sell? Reach out to our team and set up an appointment or check out our consulting services.
How Long Does it Take to Sell My Business?
Every transaction is unique, but the average time frame is 4 - 9 months.
How Does Texas Business Sales Get Paid?
We run on a commission-only structure were we only get paid if you list your business with us and it sells.
Is My Transaction Confidential?
Absolutely. Every transaction under Texas Business Sales is 100% confidential. We protect your business identity and enforce strict NDA's with all potential buyers.
What Type of Businesses Does TBS Represent?
TBS represents a variety of industries from Construction and Oil & Gas to retail and consumer services. With each of our brokers having unique and diverse backgrounds, they have likely first-hand experience with a business just like yours.
Process Overview
Texas Business Sales represents business owners who are highly motivated to take the next step in their business journey.
1 | Initial Meeting
Our process is centered around a strong rapport with our clients and every relationship is established by a series of calls and meetings to best understand the goal of the seller and their expectations.
3 | Listing Agreement
Once we have discussed and agreed upon a listing price with our client a formal Listing Agreement is to be signed by our team and the client.
5 | Letter of Intent
Most businesses will receive multiple offers and letters of intent to purchase. With these in hand, we will move into the client-buyer discussions to determine the best match under confidentiality.
7 | Purchase Agreement
2 | Financial Evaluation
Prior to listing, we will comb through business financials with the help of our in-house financial team and run a market analysis to determine the strongest listing price.
4 | Market to Private Buyers
We will then market the listings our internal network of private investors and follow leads to find the most appropriate buyer match.
6 | Due Diligence
Select buyers will then be invited to the buyer's comfort to learn the more intimate aspects of our client's business and determine the compatibility of both parties.
8 | Closing
Buyers will then draft up a purchase agreement to which the client and buyer discuss and come to agreement on.
Seller Resources
Profit and Loss Statements (P&L)
At least for the past 3 years including the Year to Date.
Tax Returns
Business to business portion of personal tax returns
Lease Agreements
Only required if applicable.
Bank Statements
At least 3 years and any additional bank records, credit card statements, etc.
Asset List
Inventory, DBA, equipment, etc. that is transferable with the business.
Business/Owner Overview
A general description of the business including how many years of operation and length of ownership.
