Organize Financials : Prospective buyers will want to see accurate and up-to-date financial records. This includes income statements, balance sheets, tax returns, and bank statements. It's important to ensure that all financial records are accurate and complete. This will help build buyer confidence and provide a clear picture of the business's financial health. If you need assistance organizing your financials, Openfair can connect you with expert accountants and financial advisors through our Experts program. Simply email [email protected] to learn more.

Document Operations : Buyers will also want to see documentation of the business's operations. This includes information on products or services, sales and marketing strategies, customer information, supplier agreements, and employee contracts. Having clear and organized documentation will help the buyer understand how the business operates and what is required to continue its success.

Address Legal Issues : It's important to address any legal issues before listing a business for sale. This includes resolving any pending litigation, ensuring compliance with all relevant laws and regulations, and reviewing contracts to ensure they are current and up-to-date.

Clean Up Physical Assets : Physical assets such as inventory, equipment, and real estate should be cleaned and organized to present the business in the best possible light. This can include repairing or upgrading equipment, improving the appearance of the business location, and ensuring that inventory is properly stored and accounted for.