Franchise Opportunities for Entrepreneurs and Independent Print Shop Owners
Sooner or later, every business owner begins to consider retirement or otherwise
moving on. And while the prospect may excite you, the process shouldn't dismay you.
In a nutshell, here's how it works.
You'll collect bank statements, tax returns, P&L statements and related documents from the past three years for the prospective purchaser to review.
You'll need to seek input from your accountant and attorney. The prospective buyer will sound you out on special terms like retaining key employees.
Having completed a valuation of what other businesses like yours are selling for, the prospective purchaser will provide you with a Letter of Intent (LOI).
The LOI should spell out the price, terms and date of sale. You'll have time to review it thoroughly, accept it, or make a counteroffer.
Having negotiated a deal, the prospective purchaser will take a "deeper dive" into all of the data to ensure it's correct and that no surprises await either party.
Almost done! With a Purchase Agreement in hand, the buyer will meet to finalize the paperwork, hand you a check ... and accept the keys.
You'll introduce the buyer to your clients and employees. Most sellers stay on for 90 days to ensure the changeover goes smoothly.
Alliance Franchise Brands LLC
47585 Galleon Drive, Plymouth, MI 48170, 800-726-9050
This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York.Such filing does not constitute approval by the Department of Law. MN F-4115
Alliance Franchise Brands LLC is the parent company of KK Printing Canada ULC
COVID-19 is taking a personal and professional toll on all of us.
While things may vary from state to state, there are specific relief measures available to help small businesses remain solvent and viable. For more information, visit www.sba.gov.
Trying to do it all can be overwhelming. Trying to do it alone can be paralyzing. If you have become short staffed and your client work is at risk we may be able to help you during this challenging time. Please call us at (800) 726-9050 to see if there are production resources available to you.
The Allegra team has helped many independent print businesses throughout the years, whether they wanted to grow their business or start planning to sell. Perhaps, now is the right time to learn more about these opportunities.