Iconic
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Published
Jul 23, 2024
The Iconic Way: Guiding You Through the Seller Process
Selling your business is a significant journey and,, and at Iconic, we ensure you have a dedicated team every step of the way. Our software-powered approach keeps you organized, informed, and in control throughout the process. Here's how we make it happen:
Step 1: Discovery
Understand your goals and objectives
The journey begins with understanding your unique goals and objectives. During an in-depth discovery call, our team will delve into your business's intricacies to provide a comprehensive overview and valuation. This is powered by our best-in-class valuation engine, offering you a clear picture of your business's worth. An NDA will be signed to protect your business's confidentiality. If we find a mutual fit, we will formalize our partnership with a Letter of Engagement.
Deliverables:
Mutual NDA
Introductory valuation
Step 2: Onboarding
Deep-dive into business financials and processes
Next, you'll collaborate with your dedicated team of experts to thoroughly analyze your business’s financials, operations, and sales processes. This deep dive is crucial for establishing a robust marketing plan. We’ll package your business metrics into high-quality, professional materials designed to engage and entice potential buyers.
Deliverables:
Letter of engagement
In-depth valuation
Step 3: Go-to Market
Market strategy to reach high-quality buyers
With a solid understanding of your business, we then create a comprehensive market plan. Our team of industry experts will work with you to capture the attention of high-quality, vetted buyers within our network. We focus on buyer matching to ensure we select the best buyer and deal structure for your business.
Deliverables:
Go to market materials
Step 4: Negotiation
Fielding bids, negotiating terms, and managing due diligence.
As bids come in, our team will manage the negotiation process, ensuring terms are favorable and aligned with your goals. We handle the entire due diligence process and navigate the complexities of purchase agreement negotiations, guiding you smoothly toward the close.
Deliverables:
Letter of intent (LOI)
Step 5: Fund & Close
Expertly securing the best sales terms for your business.
Our final step is to secure the best possible sales terms for your business. We oversee the funding and closing stages, ensuring everything is in place for a successful sale. After the sale, we also manage the post-sale transition to ensure a seamless hand-off of your business.
Deliverables:
Closing package and hand-off materials
At Iconic, we are committed to making your business sale as smooth and profitable as possible. Ready to sell your business? Start with your free valuation.