A professional business broker can increase the selling price of your company by marketing your business in the most advantageous way. Have you created an offering circular, blind ad and marketing plan for your business - a business broker will.
A Business Broker that Understands Small Business
ProNova Partners is a seasoned team of acquisition professionals that will be on your side to navigate and overcome all the numerous perils that may surface during the transaction process
A Complete Service Offering
ProNova Partners is a full-service professional M&A Advisory firm specializing in all aspects of the confidential sale, acquisition and valuation of privately held small and lower mid-market companies. Our primary focus is handling the sale of entrepreneurial owned privately held companies.
Our goal is to maximize the value of your company. Our network of buyers, strategic acquirers, financial buyers and private equity firms enables us to reach qualified acquirers that will recognize value in your company.
Why Use ProNova
Confidentiality
Protecting confidentiality is crucial when selling a business. ProNova proactively protects confidentiality throughout the sale process. A confidentiality agreement is signed by all potential acquirers prior to sharing any company information.
Risk Mitigation
We do our utmost to protect you. Buyers will do their best to circumvent the barriers put in place to protect you. These barriers include confidentiality agreements, withholding proprietary information and customer lists until it’s the appropriate time, and, equally important, access to you!
Marketing
ProNova has the resources to develop customized marketing programs that reach a vast number of potential buyers. Our innovative, active marketing program increases the likelihood of being seen. More interest means more opportunity for better terms and higher selling prices.
Maximize Your Investment
As a business owner you have invested a lot of time and money into your business and you don’t have hours to dedicate solely to the sale of your company.
At ProNova, we understand that you want to maximize the return on your years of effort while taking care of your employees and their well-being. Our business brokers will assist and guide you through all of the details so that you can sell your business with confidence.
A Seasoned Team
Frequently Asked Questions:
Do you do business valuations?
Yes, we do an appraisal which we refer to as a "Brokers Opinion of Value". The value we strive to determine is the price a buyer would be willing to pay for your business. Our opinion of the price is not meant to be used for IRS, legal, or other specialized purposes. If you want a valuation for other purposes please contact us and we will refer you to a certified valuation firm.
Remember - value is an opinion, price is a fact.
How long does it take to sell a business?
Most businesses take between 6 - 12 months to sell from the time we get involved. The first month is when we do the pricing opinion, prepare the sales brochure and listing information, formulate the marketing plan, and get your approval on the messages. After you accept an offer, it can take as much as 3-6 months for the due diligence, legal and accounting work before the closing. Most buyers will want you to stay on for one to 3 months during the transition.
It can take a while - the sooner you start, the sooner you will have the business sold.
What is the process for selling a business?
There are several phases needed to sell a business - all of which are done confidentially.
First, you will engage us and we will gather data including tax returns, P&L statements and the balance sheet, leases, and other pertinent documents. You will complete a comprehensive questionnaire about the business and a disclosure statement. We will synthesize those into a set of marketing documents for the business and our opinion of value. Using this will set an asking price or decide to do a controlled auction.
In phase two, we will be advertising and marketing the business through the internet and, where appropriate, direct communications to potential buyers in our database.
During phase three, we will interface with potential buyers making sure each one has signed a non-disclosure agreement before obtaining more than the most basic, de-identified information. We will deal with the additional requests for information from buyers and continue to move the negotiations forward until we get a satisfactory offer.
The final phase is usually an intense period of due diligence and dealing with accountants, lawyers, landlords, and bankers who each have requirements before signing off on a deal. Our job is to keep track of the work of all of these advisors and make sure they are getting the information they need. At the end is the closing where we help to facilitate any additional requirements needed to complete the transaction.
How much do you charge to sell my business?
We only charge a fee for selling your business when the transaction is completed. At the closing, we will collect our fee which is a percentage of the sales price. The larger the deal, the smaller the percentage. The range of fees is usually between 4 - 10%.