What is the Process?

Step 1:  Confidential Free Valuation​

• Grayhill brokers transactions as small as $1 million and as large as $15 million in value.
• To get started call us at (502) 309-4511 to speak with one of our brokers and receive instructions for beginning your free, no obligations valuation.
• You will be asked to send directly to one of our brokers your last 3 years income statements and business tax returns.
• All valuations are strictly confidential.
• You will receive your free, no obligations Valuation Report within 3 business days from receipt of your income statements and business tax returns.

Step 2:  Transaction Plan and Listing Agreement

• If Grayhill's Valuation Report is in line with your expectations for the sale price of your business the next step is to meet in person with a Grayhill Business Broker to discuss the plan for selling your business. 
• If you are satisfied with Grayhill's plan to sell your business the next step is to execute the Listing Agreement, which is a contract between you and Grayhill Business Brokers.

Step 3:  Find Buyers and Confidential Information Disclosure

• Grayhill finds buyers for your business nationwide.
• Grayhill screens buyers to make sure they are financially qualified and have the experience necessary to own your business.
• Grayhill has qualified buyers sign the Grayhill Confidentiality Agreement so that you can share confidential information about your business with them including your income statements.

Step 4:  Negotiation and Offer Acceptance

• After buyers have learned sufficient information about your business they may decide to make an offer (often called a Letter of Intent).
• Grayhill serves as intermediary between you and the buyer during negotiations.
• If negotiations have led to an offer you are satisfied with, you may decide to accept the buyer's offer.

Step 5:  Due Diligence

• After you have accepted a buyer's offer, due diligence begins.
• During due diligence the buyer will review the tax returns for your business along with many other detailed pieces of information in order to confirm that the information disclosures you previously made about your business are indeed true.

Step 6:  Purchase Agreement and Closing

• After the buyer has confirmed that the disclosures you made about your business are true their attorney will write the Purchase Agreement and your attorney will review it.
• Once you and the buyer have finalized the Purchase Agreement and due diligence is complete a closing date is set.
• The sale of your business is closed on closing day and the transaction is complete.

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