The Synergy Process

There are many steps in the process of successfully selling a business. Here is an overview of what you, as a seller, can expect:

Initial Meeting
The process starts with a preliminary, no-obligation meeting that is scheduled at your convenience. General information is exchanged, so that we can become acquainted with each other, and our respective businesses.

Valuation
A valuation is then performed to provide you with a price range that you can expect in the marketplace. You and Synergy work together in establishing the asking price and terms for your business. The information required to analyze your company includes the following:

  • Three to five years of detailed and up-to-date financial statements, including income statements, balance sheets and income tax returns.
  • A list of furniture, fixtures, equipment, inventory, trade names, patents and other assets
    to be transferred with the company.
  • Real property and equipment leases.
  • Any contractual relationships of the business.
  • Other information which influences company operations.

Contract
A contractual agreement is entered into between you and Synergy Business Services, giving Synergy the right to market the company as your representative for a specified time period and under specified terms and conditions.

Marketing
Synergy, with your input and approval, creates a unique campaign to market your business to potential buyers. The cornerstone of this campaign is a detailed prospectus, which is a document that educates buyers about the operation, facility, marketing, financial status and future opportunities of the business. A national advertising campaign, using Synergy’s extensive buyer database and search resources, is then implemented to confidentially target specific buyers, as well as approach the general public.

Buyer Screening
Synergy works with each buyer by first having them sign a Confidentially Agreement, then determining if they are qualified financially and/or strategically to purchase your business.

Business Operations
During the entire process you are responsible for maintaining or improving the value of your company by tending to daily operations. You are also responsible for providing current and/or additional information as requested by buyers.

Offers
Synergy confidentially schedules all showings at your convenience, prepares offers and conducts negotiations on your behalf. Working as a team with your professional advisors, we maximize the value of your sale.

Closing
Synergy coordinates the due diligence and contingency satisfaction process, and oversees the preparation of closing documents. Finally, a formal closing takes place where legal documents are signed, funds are received and ownership is transferred.