Business Review
The 20 Steps to Selling your Business
1. Commitment. With our preliminary discussions, we understand your needs: financial and personal. If you elect to “go forward” we will earn a “Success Fee” only when the transaction happens, which will occur only if and when you are satisfied enough with the arrangement to go through with it. No transaction, no fee.
2. Documentation. You provide us with all the necessary documents and data required to present your business. Much of this information is held in strictest confidence. Buyers are required to execute a non-disclosure agreement prior to receiving any confidential information concerning your business.
3. Valuation and Pricing. Financial statements analyzed and reconstructed. Your company’s true profit and hidden values are spotlighted. We help you to evaluate the business taking into account its assets, cash flows, sales and profit trends, industry and competitive environment, along with its potential for growth
4. Professional Presentation. We prepare a customized marketing presentation describing all aspects and potential of your business in its best light to any prospective acquirers, their financial people and advisors.
5. Advertising. We advertise your business strictly in a CONFIDENTIAL matter, using the appropriate media, industry and Sunbelts databases and publications, and research techniques designed to bring the highest response of qualified prospects. Your confidential listing is able to reach a broad audience as www.evans-marketing.com web site is in Thai, English, languages. We also utilize the network of Affiliated Offices. This will be done in the strictest confidential matter in keeping with Evans Marketing Ltd. highest standard.
6. Qualifying. We analyze the prospects background, needs and qualifications, as well as their financial resources, without weakening your bargaining position. You can be sure that your business will be matched up against hundreds of potential prospects (many of whom may be in our extensive Sunbelt database of 11,000 buyers) for the right fit.
7. Showings. We introduce buyers who have demonstrated a sincerity of purpose. We discuss the various components and benefits of the business with the potential new owners of your business.
8. Meeting. A meeting with you, the potential new owner and us is set up to cement the possible new owner’s interest and give you a chance to learn more about them.
9. Offer to Purchase. Discuss with the potential new owner your needs and requirements, both financial and personal, so that they may be properly conveyed. Encourage the prospective acquirer to submit an offer on the business, if he feels, it’s the right business for him.
10. Present Offer. We will present the offer. At the time, we give you information on the prospective acquirer, and their thinking behind the offer.
11. Explanation. We explain the terms and conditions of the offer to you and your decision-makers. For example, almost all offers are contingent upon the buyer’s inspection of your financial records and investigate the documents from the Commercial Registration Department of the Ministry of Commerce. The offer is not binding until the possible new owner removes all of these contingencies.
12. Accept the Offer. You either accept the offer as it is written or you write a counter offer. We conduct any further negotiations with the potential new owner and you. Our professionals will assist so both sides stay harmonious during these negotiations.
13. Mutual Acceptance. When both parties agree to all terms and conditions of the sale, sign all counter offers and amendments, it then becomes a Purchase and Sale Agreement or the basis for an agreement.
14. Assist with Financing. When the possible new owner needs assistance in working with leasing companies and banks, we guide him to the right path.
15. Inspection. The possible new owner meets with you and us to examine your financial records along with documents from the Commercial Registration Department of the Ministry of Commerce.
16. Contingency Removal. Your buyer removes all contingencies and the agreement becomes a binding contract for Purchase and Sale after he or she has done “Due Diligence.”
17. Lease Assignment. You work with your landlord to get a lease assignment or new lease satisfactory to the new owner.
18. Closing Preparation. You provide all necessary information to the appropriate closing attorneys so they can prepare all the closing documents for your review prior to the pending transaction.
19. Inventory. You and the new owner meet to take inventory (if it applies for your business).
20. Closing. All parties meet to execute the final closing documents, security agreements, installment note, bill of sale and other necessary documents. The new owner will invest the balance of their initial investment and for any additional inventory not involved in the total investment agreed in the Purchase and Sale agreement.
Congratulations! After your training period with the new owner, you’ll have time to relax and spend time with your family. Enjoy the life!
For more information you can contact Evans Marketing Ltd. in Chonburi-Pattaya City-Jomtien Beach,
Thailand at 66 (0) 38-301-090 (Fax: 66-0-38-301-093)
E-mail: info@evans-marketing.com Web Sites: http://www.evans-marketing.com and http://www.businessrealestatethailand.com. Headquarters Office in Bangkok at 59 Soi Pipat 2-Silom Road, City Plaza Building, 2nd Floor, Bangrak, Bangkok 10500
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