What is extremely exciting about selling businesses is that everything is negotiable. Purchase price, transition agreement, consulting agreement, non-compete agreement, perhaps an earn-out or royalty over time, or even seller financing. All of these negotiations have financial impacts on taxes, etc. which affect your net proceeds. Lakes Business Group has extensive experience helping you package your business in such a way to net as much proceeds as possible.
We always recommend to have an open mind when selling your business. You never know what type of sale, type of buyer, or type of package the market will bring. Some of our FAQs are answered below: