Selling your business may very well be the most important financial decision you will ever make. That's why Culpepper Business will hold your hand and assist you along the way throughout the entire process. We provide the expertise to serve as an intermediary between the buyer and the seller, while providing a confidential and well executed business transaction.
Karl spent several years as a Business Broker with Transworld Business Advisors in Charlotte, NC before going out on his own as a Virtual Business Broker. While at Transworld Karl was very successful in working with buyers and sellers, representing both parties throughout the entire process and closing the deal.
We make it easy and very simple to do business with us, in fact we don't make any money unless we sell your business, it's just that simple! We don't charge any upfront fees, in fact we start spending money the day you hire us to represent your business for sale. Our success fee is 10% or $8,000 whichever is more. So what this means is that we charge 10% of the business total purchase price; or our $8,000 minimum.
Our business sales transactions are business assets sales only and not the whole business entity through the sale of stock. The buyer and seller will sign a Sale of Business Assets Agreement which is a contract that covers the sale and purchase of tangible and intangible assets i.e. , customer list, goodwill, dba name, equipment, machinery, and any leasehold improvements that were made.
Culpepper Business is not a Real Estate Broker and any sale of Real Estate associated with the business, the seller will need to consult with their Commercial Real Estate Broker or we can refer one for you. However, we will work with landlords and property management companies to help with the lease assignment process for the buyer. So when a business is sold, the seller will need to create a lease assignment which transfers their interest in the commercial lease over to the buyer. In other words, the buyer will take over all obligations and interests that are still attached to the seller's lease agreement with the landlord.
Culpepper Business is big on Confidentiality and we have all potential buyers sign a Confidentially Agreement or NDA before we give out any pertinent information or details regarding your business. We understand that selling a business is not like selling a house. When selling a house you want everyone to know, on the other hand while selling a business you only want those to know who are only interested in seriously buying your business, and we get that! Your decision to sell your business will be kept confidential with us.
There are many business valuation methods and we use various methods to value your business as we understand valuation calculations have so many factors to consider; the same formula doesn't work for every business. Ultimately, different small business valuation methods will be preferable in different scenarios. Generally, the best approach will depend on why the valuation is needed, the size of your business, your industry, and other factors.
Why Culpepper Business ? Well because we are different and unlike your traditional Business Brokerage Firm with an office and many Brokers. We work in a Virtual Environment so that we can have more time and resources to devote to selling your business.
Culpepper Business will market your business for sale on various online platforms and social media where people are searching. Additionally we will utilize and leverage our internal network of business owners and professionals to position your business opportunity. Let us take care of selling your business while you focus and continue to run your business effectively.
Well because we are different and unlike your traditional Business Brokerage Firm with an office and many Brokers. We work in a Virtual Environment so that we can have more time and resources to devote to selling your business.
Connect with us and find out how we work to sell your business. Get a free Business Valuation and find out what your business is worth.
Connect with us and find out more about business for sale opportunities we currently have available. Become a small business owner.