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Our Process
We are a group of entrepreneurs bringing high-quality businesses to market.
See How The Process Works
1
Estimation
We learn about your company, go over financials, and inform you of its value as well as the type of offers you might be expected in the market. We also sign an NDA to ensure that your information and finances are kept completely private.
2
Brokerage Arrangement
Our broker agreement, which states that we only get paid when you get paid, and the agreed asking price for when we go to market will be extended to you if we take the business. We have put a lot of effort into making this agreement seller-friendly, and we invite your attorney to review it.
3
Sales Presentation
Our marketing staff creates our cutting-edge package for purchasers. To make the Confidential Information Memorandum (CIM) stand out, we have spent years refining what should be included and creating the greatest design available.
4
Bank Loans
In addition to the marketing package, we also arrange SBA 7a financing for the buyer as part of the process of listing your company for sale. For this, we have a network of lenders that enables us to connect with a much larger buyer base.
5
Market Offering
We market the deal using three strategies:
1. Leveraging our buyer database, which accounts for 75% of our sales.
2. Utilizing 11 marketing channels to attract potential acquirers.
3. Identifying and directly contacting synergistic buyers through a targeted outreach.
6
Offer Acceptance
You select the best buyer based on factors like price, terms, and background after all interested parties submit offers. After winning, the buyer has a period of exclusive diligence to confirm our claims regarding the company.
7
Due Diligence
The buyer will receive an exclusive period to review tax returns, bank statements, and operational details with you to confirm the accuracy of the business's representations.
8
Legal Drafting
The acquisition agreement must be drafted by the buyer. Your lawyer will check the draft they give to make sure you are protected. If you require an attorney, we have them available.
9
Escrow & Execution
The exciting aspect is that we sign all the paperwork while our third-party escrow holds the buyers' money until your company's assets are moved. The transaction is then finalized when escrow sends you your money!
10
Training & Transition
There is a transition time following the sale during which you educate the new owner about the company, introduce them to staff and suppliers. The length of time and level of involvement in this process are often discussed and decided upon prior to the deal closing.
FAQs
Frequently Asked Questions
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Difficulty in Managing Finances for Business OwnersWe get it, figuring out what your business needs financially can be tricky, but that’s where we step in. We’ll help you determine exactly what kind of financial guidance your business needs, based on where you’re at right now, and help you map out a plan that fits. Then we'll walk you through it, step by step.
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Scaling & Growing your BusinessWith effective strategies in place, growing your business is easier than you thought. Frak Finance offers fractional CFO services that can help your business scale effectively
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Cash Flow Management and ForecastingMany businesses struggle with managing their cash flow which can lead to issues with paying suppliers or employers FrakFinance can implement robust cash flow management strategies, helping the business track incoming and outgoing funds, also optimizing working capital.