Due diligence can make or break your sale. Be prepared for these buyer checks.
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Financials: Revenue, profits, and debt records for 3-5 years.
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Contracts: Customer, supplier, and lease agreements.
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Legal: Licenses, permits, and pending lawsuits.
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Operations: Employee roles, processes, and tech systems.
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Assets: Inventory, equipment, and IP valuation.
Prep Tips:
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Create a secure data room for documents.
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Address red flags (e.g., declining sales) upfront.
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Hire a lawyer to review contracts.
Example: A retailer avoided a deal collapse by fixing lease issues early.
Pass due diligence with flying colors.
Michael Shea represents the Tampa Florida Transworld office. In business since 2005, he has established a reputation as a trusted business broker across Florida’s key markets- from Tampa to Orlando, Melbourne, and more. Over the past two decades, Michael and his team have closed over $1 Billion in sold business volume and presided over more than 450 transactions. His credentials include the IBBA Certified Business Intermediary®, and most recently, the prestigious Certified Exit Planning Advisor® (CEPA) credential.