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We originally began by providing this service to our local clients. Subsequently we were asked to make the program available nationally to franchisees of one of the country's largest and oldest franchises (we had provided the service to more than thirty of their franchisees in our area). The franchisor recognized our program as a valuable resource for their franchisees. The benefits they saw that their franchisees would realize included:
Our "We Do It All" program is split into three separate steps: Step 1 Buyer Identification - Summary of Business Values An analysis and review of the company is conducted to determine the characteristics of the Right Buyer because, as you know, only the right buyer will pay the right price. The report illustrates why the different buyers will pay very different prices and what prices they are willing to pay. Identify those items and elements that impact value and that present an opportunity increase value prior to attempting a sale of the franchise. We typically generate a 35 to 50 page report written in shirtsleeve English, no MBA or CPA jargon. We have been told that our reports provide the same pre-sale information Public companies expect yet Private companies require in order to make intelligent decisions. At the end of this first step franchise owners have: decided to not sell at all, to implement recommendations and then sell, confirm timeliness of selling, their satisfaction with likely price and terms and authorize the commencement of marketing efforts. Step
2 - After you have confirmed that the sale of your franchise is timely and
you have
decided to proceed with a sale. The next steps are to:
This step is the basically pulling all the loose ends together, creating marketing materials and preparing for "Due Diligence." All of this must be completed before we attempt to attract your buyer. We are ready to close a deal the moment we "go to market."
Steps 3 - Begin the search/Sell the business Begin the actual selling
process. Write and place blind ads in the proper venues. Interview
buyer candidates, screen for proper profile or qualifications. We consider
our job is to find you a replacement CEO How do we get Paid? We are paid a retainer for our work in parts one and two (You are still free to sell your business yourself and not owe a commission at this point). Assuming you engage us and a Business Selling System Network broker to market your company we require no additional fees at this time and are paid a commission based upon the sale price you receive. This amount is paid at closing and the previously paid retainer is deducted from the commission. Give us a call for a quote on what the retainer for your size and type franchise might be and to answer any questions you may have. A
few examples of our successes: Þ A company with a book value of $126,000 and pre-tax earnings of $26,000 sold for $1,350,000.00 Þ One family was able to increase the cash value of their company by $4,000,000.00 without increasing earnings or book value Þ A business that had always lost money and had only $50,000 in assets sold for $495,000.00 in cash
Þ
A young woman
was able increase the value of her small service company by $325,000 less
than six months. "The
best way to predict the future is to create it" | ||||||
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