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What Sellers Can Expect from SBX Inc.
Engaging our services is a straightforward proposition
- If you have a business for sale in Austin or Central Texas, we want to assist you in selling it. If, after chatting with us on the phone, you are interested in hearing more about our services, we will come out to your place of business and spend about 15 minutes explaining how we operate, what our contract entails (in plain English), and how we can help you to sell your business.
- If you believe we can help, we will then begin gathering information about your business so that we might determine a reasonable selling price. This information includes financials; your ideas about a selling price; what kind of down payment you expect; and details such as services/product provided; square footage; etc. We will also take photos of your business at this time or make an appointment to do so.
- After gathering all this information, we will then perform research and recommend a selling price. Upon agreement with you, we’ll begin the process of compiling your financials to reflect cash flow, owner’s benefits, and reconciliation to income tax returns (when applicable).
- Our next step is to create a marketing package that includes a listing on our website and a leaflet describing your business and its benefits. It should be noted that this leaflet does NOT contain any specific location or the name of your business. This leaflet will be physically distributed to our brokers, registered buyers and faxed/scanned to others who might be interested.
- When we receive responses from the website or any other marketing efforts (such as direct calling and advertising), we will ask the prospective buyer to come to our offices and register.
- When buyers have registered, executed a Confidentiality Agreement and indicated their financial ability to make an offer, we will give them further details.
- If they are still interested, we will contact you and arrange a showing.
- Assuming they are still interested, we will strongly encourage them to make an offer. If they have specific reservations, the offer will contain contingencies which we will communicate to you to resolve.
- As soon as an offer has been made by the buyer, we will contact you and begin negotiations – one of our most important roles. We will also deposit an earnest payment from the prospective buyer into our escrow account.
- When and if agreement is reached, we will contact our attorney and settle on a closing date.
- At closing, we will receive our commission, the business will be transferred to the buyer, and you can ride off into the sunset!
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