Owner questions
A little clarity.
Before the big decision.
Start with the questions owners ask before choosing an advisor or beginning a business transition.
Deciding and preparing
How do I know whether I am ready to sell?
Separate personal readiness from business readiness. Clarify why you want to leave, what involvement you would accept afterward, and which outcomes matter most. Then assess the records, management coverage, and operating dependencies a buyer would need to understand. Exit consulting helps with the decision; exit planning organizes preparation.
How long does selling a business take?
The timetable depends on preparation, buyer interest, financing, diligence, required consents, and agreement on documents. A target closing date is a planning assumption, not a guarantee. Ask for a process with clear milestones and dependencies, and keep time available to run the business while it progresses.
Can I prepare without committing to a sale?
Yes. Better reporting, clearer management responsibilities, and a documented understanding of risks can support continued ownership too. Agree on the scope and confidentiality boundaries. Preparation does not authorize buyer outreach unless that activity is explicitly included and approved.
What should I bring to a first conversation?
A brief description of the business, your ownership situation, intended timing, and the question you need to resolve are enough to start. Mention existing buyer approaches and signed agreements. Arrange a secure process before sending financial records or other sensitive documents.
Value and terms
What is my business worth?
A useful answer depends on the purpose, relevant date, ownership interest, company economics, and available evidence. A planning perspective can explain a range and its assumptions. It cannot promise what a buyer will pay. Where a formal appraisal is required, engage an appropriately qualified professional for that specific purpose.
Does a valuation equal my net proceeds?
No. Debt, cash treatment, working capital, transaction expenses, taxes, and the payment structure can affect what an owner receives. Keep the value perspective separate from a proceeds bridge and have legal, tax, and personal financial advisors evaluate the actual proposal.
Are earnouts and seller financing the same thing?
No. An earnout generally depends on defined future performance. Seller financing generally involves repayment under agreed financing terms. Both can leave continuing exposure after closing. Ask qualified advisors to evaluate the actual definitions, rights, payment conditions, and risks before comparing them with cash at closing.
How does StoneBridge charge for an engagement?
Fees and terms depend on the agreed scope. Request written details on the fee basis, payment triggers, expenses, termination provisions, and any continuing obligations. This website does not publish or imply a standard fee schedule. Confirm the actual terms before authorizing work.
Confidentiality and the advisory team
Can a sale be kept confidential?
Confidentiality agreements, staged disclosure, restricted access, and buyer qualification can reduce exposure. They cannot guarantee secrecy. Discuss what may be shared, who approves it, and how commercially sensitive information will be handled. Counsel should evaluate agreements and situation-specific requirements.
How do brokerage and M&A advisory differ?
Both can include buyer qualification and transaction coordination. Brokerage can suit a focused business sale. A mandate comparing multiple buyer types, retained ownership, or acquisition alternatives may call for broader M&A advisory. The actual scope and required professional involvement matter more than a label or arbitrary size threshold.
Does StoneBridge replace my attorney or accountant?
No. Legal, tax, accounting assurance, formal appraisal, and personal investment questions belong with appropriately qualified professionals. Advisory coordination connects commercial decisions with their work. StoneBridge is not a registered broker-dealer or investment adviser.
Will my family or employees have a role in the process?
That depends on ownership rights, responsibilities, confidentiality needs, and the intended transition. Plan participation and communication deliberately. Avoid promising outcomes before they are agreed. A legacy transition should distinguish management readiness, ownership expectations, and the owner’s financial and personal objectives.
Editorial draft · Prepared for StoneBridge’s review of voice and engagement scope.
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