The more detailed information we receive will result in a more accurate estimate of value and assists in creating a better advertising/buyer package to sell the subject business faster.  Better information mitigates negative surprises from Buyer Due Diligence and more detailed add-back information means higher selling prices.

In order to prepare a business for sale and provide buyers with critical information to help their buying decisions, we will need:

● 5 years of Financial Statements (Balance Sheet & Income Statement) if available.  (or tax returns if financial statements are not prepared).

● Year to date Income Statement to the most recent complete month end with comparative balances for the same period, prior year.

● Value of significant equipment at current market value.  (What you could sell it for today)

● List of the leased equipment (if applicable) and copies of the related leases.

● Copy of any Rental or Lease agreements for premises and/or Property assessments

● Value of inventory at cost (not retail)

● A list of Owners & Family members involved in the business, the work they do, the wages (T4) paid each year and market rate for the work performed by each person

o   A list of any Unnecessary, One-Time, Non-recurring Revenues or Expenses included in your financial statements each year, such as: 

▪ One-time consulting expenses

▪ One-time gain/loss on the sale of an old piece of equipment,

▪ Vehicle expenses when a vehicle is nice but not necessary to the business (if you wouldn’t provide a vehicle to an employee doing the same job 

▪ Any other applicable items.