Decide why you want to sell
Determine the business’s value
Organize financial records
Clean up operations
Improve profitability
Reduce owner dependence
Resolve legal and tax issues
Prepare a sales package
Identify potential buyers
Use a business broker or advisor
Market the business confidentially
Screen buyer interest
Negotiate terms
Review letters of intent
Conduct due diligence
Finalize the purchase agreement
Plan the transition
Close the sale
Transfer assets, licenses, and contracts
Handle taxes and proceeds
Notify employees, customers, and vendors