QUICK AND CONFIDENTIAL
5 step Process: (3-6 Months)
Step 1: Blue Collar Exit INtroductory call
Whether you’ve contacted us or we reached out directly, the first step in our streamlined and confidential process is our introductory call. For approximately one hour, we will discuss your goals, values, and a variety of business-related questions. We do this in order to former our market-based valuation and initial buyer list. Additionally, we will share our “Sellers Information Request List (IRL)” in order to start populating data requests that our buyers will have during discussions, LOI formation, and due diligence. We do this early on in order to provide a seamless experience for both parties as we continue to move forward.
Step 2: Market-Based valuation Review
If your hands built it, we can certainly value it. Given our deep industry expertise, M&A knowledge, and buyer relationships, we provide owners with the best market-based valuation reviews that the market can offer … AND we do it FREE. The reasons why many deals die before getting started is because owners have no idea what information buyers need AND unrealistic valuation expectations. We run across owners frequently who paid their local CPA firm or lawyer for a valuation report that typically is (1) inaccurate, (2) unrealistic, and (3) biased.
The reason for our ~90%+ success rate is because owners are well informed of a potential valuation range prior to engagement. Additionally, our success rate can be attributed to our internally developed valuation scale that prioritizes a variety of QUANTITATIVE AND QUALITATIVE metrics that many providers miss our disvalue. Finally, we also leverage the industry’s best buyers in order to get an inside valuation screen … DON’T WORRY its confidential. We never share company names unless an initial buyer discussion is scheduled.
This review session typically takes less than 30-minutes.
Step 3: Buyer Introductions and continued conversations
Our buyer discussions typically span 30-minutes. On any successful transaction, owners can expect 3-5-meetings prior to receiving an LOI. We can expedite a few of these conversations by leveraging our Seller: (IRL) to ensure adequate data information is received and deemed accurate. Our mission is simple, to match blue collar business owners with the BEST buyer without the cost or pressure of broker fees. We are heavily rooted in the success of your deal and we ensure the best solution is to find the right buyer, one who fits your goals and respects your legacy.
Step 4: Letters of Intent and Due Diligence
As we wrap up late-stage buyer calls, owners will typically hear whether or not a buyer will plan to issue an LOI. Depending on a few key factors, we can typically go from our introductory call to LOI in 1-to-3-months. Once an LOI is signed, we begin the due diligence phase. For many owners, this process is extremely overwhelming because the buyer will begin requested a variety of operational, legal, corporate, and technological data requests. Fortunately, our Seller: (IRL) that you received during our initial BCE Introductory Call completely outlines these requests from the jump, allowing ample time to consolidate. This has saved deals and streamlined the due diligence phase by~50%.
Step 5: Closing
The reason why we are so confident your deal will close once under LOI is because of (1) our serious and vetted buyer network, and (2) our ability to provide enough information prior to extensive due diligence. Due diligence should be about checking the boxes and not learning about new discoveries. Our LOI-to-closing process typically takes ~45-60-days.
Congratulations - you’ve closed. By now you’ve probably received some BCE gear. We expect some company gear in the near future …