Kelly~

Here’s a structure to consider:

Preparation:
1.1 Organize Financial Records
- Gather financial statements from the past 3-5 years.
- Ensure all tax returns are up-to-date.
- Prepare a detailed profit and loss statement.

1.2 Document Business Operations
- Create a comprehensive operations manual.
- List all cleaning contracts and schedules.

1.3 Assess Assets and Liabilities
- Inventory all cleaning equipment and supplies.
- Document any leases or property owned by the business.
- List any liabilities, including loans and outstanding payments.

1.4 Evaluate Client Contracts
- Review all client contracts for transferability.
- Ensure clients are in good standing and satisfied.
- Document the average length and client retention rate.

2. Valuation
2.1 Hire an Appraiser
- Get a professional business valuation.
- Consider asset-based, income-based, and market-based valuation methods.

2.2 Analyze Market Trends
- Research market trends in the house cleaning industry.
- Assess the competitive landscape in your area.

3. Marketing
3.1 Prepare Marketing Materials
- Create an executive summary of the business.
- Develop a detailed business prospectus.
- Highlight key selling points: proven clients, ROI, growth potential.

3.2 Confidential Marketing
- Use NDAs to protect sensitive information.
- Advertise the business discreetly on business-for-sale websites.
- Reach out to industry contacts and networks.

4. Negotiation
4.1 Screen Potential Buyers
- Qualify buyers based on financial capability and seriousness.

4.2 Negotiate Terms
- Be clear on your asking price and acceptable terms.
- Consider offers with both upfront payment and financing options.
- Negotiate the transition period and training for the new owner.

5. Due Diligence
5.1 Provide Access to Information
- Allow the buyer to review financial records, contracts, and operations.

5.2 Address Buyer Concerns
- Be transparent about any potential issues.
- Provide solutions or mitigation plans for any identified risks.

6. Closing
6.1 Finalize Legal Agreements
- Work with a lawyer to draft the sale agreement.
- Ensure all terms and conditions are clearly stated.

6.2 Transfer Ownership
- Transfer all contracts, licenses, and permits to the new owner.
- Ensure a smooth transition of all business operations.

6.3 Communicate with Clients and Employees
- Inform clients about the change of ownership.
- Introduce the new owner to key clients and employees.
- Ensure continuity of service during the transition.

7. Post-Sale
7.1 Provide Training
- Offer training and support for an agreed period and be available for consultation to ensure a smooth transition.

7.2 Transition Plan
- Create a detailed transition plan outlining key dates and responsibilities.


Internet advice.
Skip

Will your customers want to stay with the company, if you sell it?

I haven't a clue but wish you the best of luck. Not an area of expertise for an old soldier.

I have no advice but retirement is pretty awesome. 😉