SELL YOUR BUSINESS
EFFECTIVE PLANNING
SELL YOUR BUSINESS EFFECTIVELY WITH OUR HELP
Selling a Utah business on your own can be difficult. Whether you are selling your business for financial gain, relocation, retirement, or other reasons, it is important to let an experienced business broker handle the transaction. Our business brokers know how to sell a business, and ensure maximized value for your company.
ADVANTAGES OF WORKING WITH A BROKER TO SELL YOUR BUSINESS
CHOOSE EXPERIENCE WHEN SELLING YOUR BUSINESS
EXIT PLANNING
SELLING YOUR SALT LAKE CITY BUSINESS
EVERY BUSINESS NEEDS AN EXIT PLAN
Business Exit Planning is a proven process designed to allow an owner to identify and achieve specific personal, financial, and estate planning goals.
We understand selling a business is the most important financial event in a business owner’s life – the reality is the owner has only one chance to get it right! Not having a formal exit plan puts you at risk of not getting maximum value for your business. Fortunately, Utah Business Consultants helps business owners in Salt Lake City, Utah and surrounding states create exit plans and prepare for the future effectively.
ANSWER THESE QUESTIONS:
TRUSTED ADVISORS
CPAS
- Gary Prince
- Jeff Dredge
- Ken Klingler
M&A LAWYERS
- Brittany J. Black
- Stuart Fredman
- Tom Taylor
WEALTH ADVISORS
- Paul Moffat
- Brock Bowden
- Scott Poelman
SBA LENDERS
- Ryan Furstenau - Live Oak
- Jeremy Bills - Key Bank
TRUSTED ADVISORS
CPAS WE KNOW AND TRUST
Gary Prince
Jeff Dredge
Ken Klingler
M&A LAWYERS WE KNOW AND TRUST
Brittany J. Black
Stuart Fredman
Tom Taylor
WEALTH ADVISORS WE KNOW AND TRUST
Paul Moffat
Brock Bowden
Scott Poelman
SBA LENDERS WE KNOW AND TRUST
Ryan Furstenau - Live Oak
Jeremy Bills - Key Bank
Succession planning
THE SEVEN-STEP SUCCESSION PLANNING PROCESS
1. IDENTIFY EXIT OBJECTIVES
Your Succession Plan will rest on three owner-established fundamental goals:
- When you want to sell or cut back significantly from day-to-day operations
- How much money you want when you sell
- Who you want to sell the business to
2. IDENTIFY BUSINESS & PERSONAL FINANCIAL RESOURCES
Where you are is as important as where you want to go. This step determines what you have so you know what your business is worth.
3. MAXIMIZE & PROTECT BUSINESS VALUE
What features, or characteristics, are necessary to make your business saleable and valuable? These specific Value Drivers either reduce the risk associated with owning the business or enhance the prospects that the business will grow significantly in the future.
4. SALE TO A THIRD PARTY
Selling your business to an outside third party will certainly minimize your financial risk and eliminate any family succession planning issues. Your succession plan will develop an action plan that will set your business up to sell for its highest value.
5. SALE TO INSIDERS
A sale to insiders (family members, key employees, other owners) does not end with the closing. Only when your price is paid in full does the sale end. In this step we will identify action items that orchestrate a successful sale to insiders who often lack sufficient cash.
6. BUSINESS CONTINUATION
Business continuation is much more than simply making sure there is a new owner. If you die or become disabled before your succession plan is complete, your dream of financial security will become unattainable. Your succession plan will develop solutions to realizing your business’ value in case something unexpected happens to you or your business partners.
7. PERSONAL WEALTH & ESTATE PLANNING
The final step in creating your succession plan is to resolve issues related to preserving your wealth and passing it along to your loved ones. Your succession plan will work to resolve these issues and provide a clear road map in achieving your goals and objectives.
Testimonials
See what our clients have to say about us
Attorney, Bockelie Law Office, L.C.
Michael Best & Friedrich
Mike McBride
In his lengthy career, Mr. McBride generated clients for a wealth and estate planning firm and currently enjoys his transition into Business Brokerage. We are excited Mike has recently joined Utah Business Consultants.
Joshua J. Jones
Joshua J. Jones MSF, CBI is passionate about helping business owners navigate the process of buying and selling businesses. He has owned and operated several small businesses, including a multi-location franchise. He also has experience in corporate finance and planning, investment banking, and asset-backed securities. Josh graduated from Utah Valley University in 2009 with a B.S. degree in Business Management and then from the University of Utah in 2010 with an M.S. degree in Finance.
Tom Maher
Tom Maher CBI, M&AMI has successfully completed numerous transactions in the lower middle market and main street brokerage sectors, since 2002. Prior to that period, he was a senior executive for Levi Strauss and the May Company and has operated several of his own businesses. Tom is a Brigham Young University graduate and holds a Bachelor of Science degree.
Jeniece Pratt
Jeniece Pratt brings extensive corporate history and skillset in project management, marketing, and accounting to her role as a licensed Business Broker. She enjoys representing business owners throughout diverse industries and has an affinity for women owned businesses. She has owned and operated her own business for many years, providing exposure and understanding of business ownership and operations. Eclipsing 21 years of experience with Business Owners, Controllers, as well as Management Teams, she understands the value of maximizing the transaction of your business sale.
In her spare time, Jeniece teaches Ballet at a local Arts Academy and is a mother of two children whom all enjoy the beautiful geography Utah offers.
George C. Metos
George C. Metos enjoys transacting deals in all types of businesses, including the technology and industrial sectors. He has degrees in Electrical Engineering and Computer Science from the University of Utah. After college, he founded and managed a software development company whose video game products generated over $1B in retail sales. He also transacts mergers involving towing companies and automobile recyclers on a national basis.
Bradley G. Marlor
Bradley G. Marlor MBA, CBI, and M&AMI is Principal Broker at Utah Business Consultants. Brad founded Utah Business Consultants in 1989. He is a graduate of four colleges and universities with degrees in Accounting and Business Administration. He is a former franchise owner with direct experience in buying and selling his own businesses. Brad has represented hundreds of businesses from virtually every industry. He is an Exit Planning Advisor -- preparing business owners for the most important financial event of their lives. Brad has been published numerous times in local business periodicals and newspapers, including Utah Business Magazine, The Enterprise Newspaper, and the Deseret News. He is a Certified Business Intermediary (CBI), and Merger & Acquisition Master Intermediary (M&AMI) with the M&A Source. Brad served four years on the South Jordan Planning Commission, three years on the South Jordan Economic Development Committee and co-founded the South Jordan Chamber of Commerce. He served on the South Jordan City Council from 2000 through 2007 and has been on the City Council again since 2016.