Selling your business is a process that requires a great deal of preparation and a thorough understanding of the financial, legal and strategic aspects. Traditionally, this task is often entrusted to brokers who charge significant commissions. With TRNSFR , you have the opportunity to sell your business on your own, while saving on brokerage fees and accessing free tools that guide you through each step.
This guide offers you a complete journey to sell your business, using free tools and TRNSFR's expert partners .
Prepare your business for sale
Assess the value of your business
The first step is to determine the value of your business. This is done through calculation tools such as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), a key indicator to measure the operating profitability of the company, widely used in purchase and sale transactions.
Use TRNSFR's EBITDA calculator to get an accurate estimate of your business's profitability:
• EBITDA Calculator: EBITDA Calculator - TRNSFR
The TRNSFR Process
Collect financial and operational information
It is crucial to collect all financial and operational documents before taking your business to market. These documents include balance sheets, income statements , and cash flow reports . TRNSFR offers preparation checklists to guide you through this step:
• Sales Preparation Checklist: Sales Preparation Checklist - TRNSFR
• Business Valuation Checklist: Business Valuation Checklist - TRNSFR
Optimize tax aspects with Fiscalité MTL Inc.
When selling a business, tax optimization is essential to maximize your profits. Fiscalité MTL Inc. , a partner of TRNSFR, advises you on tax benefits such as the capital gains deduction (CGD) , which can be up to $971,190 in 2024. They will also guide you on the choice between selling shares or assets and on the balance of sale price .
Have your financial information verified with Canopée CPA Inc.
An independent verification of your financial information is crucial to building confidence with potential buyers. Canopée CPA Inc. , a TRNSFR partner, performs a summary verification of your financial statements, balance sheets and other accounting documents, ensuring that all your data is accurate and reliable.
Enhance your digital presence with Bofu Agence Marketing Inc.
A strong digital presence is an important asset in selling a business. Bofu Marketing Agency Inc. helps you optimize your digital assets , including your website, social media, and advertising campaigns, to increase the perceived value of your business.
Secure the legal aspects with ETTIC Société notariale Inc.
Legal aspects are essential to a successful transaction. ETTIC Société notarial Inc. reviews sales contracts , non-disclosure agreements , and shareholder agreements to ensure that all documents comply with legal standards. This protects both the buyer and the seller from any future disputes.
To structure this step:
• Non-Disclosure Agreement Template: NDA Template - TRNSFR
• Letter of Interest Template: Letter of Interest Template - TRNSFR
• Letter of Intent Template: Letter of Intent Template - TRNSFR
• Purchase Offer Template: Purchase Offer Template - TRNSFR
• Sales/Purchase Contract Template: Purchase/Sale Contract Template - TRNSFR
• Model shareholder agreement: Model shareholder agreement - TRNSFR
• Employment contract template: Employment contract template - TRNSFR
TRNSFR certification and online publication
Once all the checks have been carried out by our partners, TRNSFR issues a certification confirming that all your documents and financial information are in order. This certification allows potential buyers to consult a validated company ready to be sold.
Negotiation and finalization of the sale
TRNSFR offers negotiation preparation checklists to help you structure your discussions with potential buyers. Whether negotiating price, payment terms, or warranties, these checklists will ensure a successful negotiation.
• Negotiation Preparation Checklist: Negotiation Checklist - TRNSFR
Conclusion
With TRNSFR's free tools and trusted partners , you have everything you need to sell your business on your own, without brokerage fees. Whether it's for financial evaluation, tax optimization, or legal validation, TRNSFR guides you every step of the way for a successful transaction.
Ready to get started? Explore TRNSFR's tools here: TRNSFR .
