How Long Does It Take To Sell My Business? |
Dallas-North Texas Business Brokers

We help businesses that are currently generating between $500,000 - $50,000,000 topline revenue.

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How long does it take? Well, it depends. We hate answering, “it depends” but it does. As business brokers, our clients ask this very question and often. How do you expedite the potential sale of your business? First and foremost, your financial statements must be up-to-date and hopefully you have kept meticulous financial statements and records from day one. As a business owner, you should have constant contact with your CPA.

Infrequent phone contact with your CPA will not prepare you for a quick, seamless sale. Bookkeeping done monthly and along with reconciliations will put your business in a position that ensures it attracts the highest possible offers. Using an accountant is very important however, being able to run reports for your monthly P&L’s, Balance sheets, etc. is all very easy and should be something you are doing anyway. It’s the same as your home finance, you have to keep an accurate summary of how much revenue vs expenses at any given time. Small business owners often exhibit a great sense of urgency to close a deal once they have made the decision to sell. But as experience points out, the process of selling a business typically takes at least six to nine months – a timeline that most owners do not anticipate.

In fact, a separate survey on the selling process found that nearly half (44 percent) of owners believed the entire sales process would be finalized in less than five months. However, most brokers generally don’t agree with this timeline, almost all brokers say sellers should set their expectations for days on market in the range of six to 11 months.

What is your CPA or CFO doing for you? Pay the professionals to manage your books and give you solid financial advice. When a potential buyer looks at your books, there is little to worry about unless there are “other” entries. Quite frankly, have everything explained upfront regarding your expenses. Be transparent and truthful.

Now, to the question, “how long will it take?” As a business owner, you will meet with our company at Valhalla Brokers and we’ll get to know each other. You tell your story; we’ll mention ours. If there is chemistry, we will proceed and look at your financials. If we like what we see and you or your financial rep can answer our questions about your finances, we will come up with a valuation usually within a couple of days or sooner of the initial meeting. We will draft a listing agreement that initiates a marketing package, valuation and terms of the sale.

Your company is placed on various business listing websites. We share your company info with our private equity groups and numerous private investors. We vet different interested parties to make sure they are a good fit. If both parties are interested, further analysis is completed. After detailed review, typically, an offer or LOI (letter of intent) is tendered. After typically 30 days of due diligence, follow-up meetings with you and the prospective buyer(s), attorneys and bankers are conducted to finalize the transaction with an Asset Purchase Agreement (binding contract to sell). Though luck and good timing can lead to a faster closing, accelerating the purchase usually isn’t possible. That’s why it’s critical for sellers to be prepared for a lengthy process before even putting their business on the market.

Our team at Valhalla Brokers has experience from the initial meet-and-greet to closing the transaction. We are working for you with your best interests at hand. From the initial discovery meeting to due diligence to completing the transaction, most transactions take approximately 6-9 months. And most importantly, we don’t get paid until you receive a check from the buyer!

Why Us?

20+

Years of Experience
Access to an Experienced
Board of Advisors
Get Highest Market Value

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    Our Process

    1

    Goals & Discovery Meeting

    During our first initial meeting, we want to get to know you and discover what are your goals and what brings you to us.

    2

    Valuation

    We will need to see your financials, tax returns etc to get an accurate valuation on your company.

    3

    Listing Agreement

    In our listing agreement, we will formalize your goals to sale and layout all the terms. We understand this is a big decision and will be here with you all the way.

    4

    Finalize Marketing Files

    Once the listing agreement is signed we will begin to build a marketing package.

    5

    Going to Market and Fielding offers

    After we have finished the marketing files, its time for us to reach out to all our partners and the market place to find potential buyers.

    6

    Field Offers

    Our goal is to bring more than one offer to the table for you to choose from.

    7

    Due Diligence

    Once an offer has been made and accepted we will enter into the due diligence phase where we will fine-tune the offer and work closely with the buyers to develop the purchase agreement.

    8

    Close the Transaction

    During this phase we will be working very closely with the banks, buyers, sellers, and lawyers to ensure everyone has all the documents and information need to close.

    How We
    Do It

    Supercharge your business to maximize marketplace value

    • Diving deep into your business goals
    • Identifying areas for improvement to sell your business for top dollar
    • Equipping your company with the best professional partners to increase enterprise value

    Our Mission

    At Valhalla Business Brokers, our mission is to offer professional expertise and reliable service to our clients in the areas of Buying and Selling privately held businesses, Mergers and Acquisitions, affiliated Financial Support Services, including Loans, imaginative methods of Raising Capital and Cash Flow, Tax Reduction Strategies and related Real Estate services. We assist both sellers in preparing and packaging their business for marketing as well as buyers looking for a specific acquisition or merger. Our company is a fully licensed Real Estate and Business Brokerage operation with only trained professionals. Our team of expert M&A Advisers and Certified Business Brokers will help inspire, educate, and consummate a deal on their behalf.

    We are the broker of choice for North Texas and the surrounding areas. We will uphold the highest ethical standards, provide superior customer service, and continually strive to meet our clients’ professional objectives. Additionally, we commit to working with the utmost confidentiality with buyers, sellers, and their accountants, lawyers and other business partners. We understand that buying or selling a business is a deeply personal, often emotional experience and we focus on providing sincere, pragmatic advice.

    We Pledge To

    Outwork the Competition

    Negotiate Like Sharks

    Never Stop Until the Deal Is Done

    View Current Listings

    Schedule a free consultation and learn how to sell your business for maximum value today!






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