Company
Piedmont Business, LLC
Winston Salem,
North Carolina
Owning and running a business is stressful enough, and the very idea of selling or transitioning a business can be overwhelming. It can be disastrous if business performance suffers while the owner is dealing with prospective buyers. Confidentiality is difficult to maintain. Statistics show that only one in 10 prospective buyers ever actually buys a business, so tire-kickers must be filtered. Serious buyers ask for volumes of information and records. For these reasons, many business owners understandably end up selling to the first offer that comes along when they are ready to sell, or accepting a lesser price or terms than they should.
Piedmont Business relieves these stressors and allows you, the business owner, to keep your focus on operating your business well. We bring more than 20 years of experience in the business selling and buying marketplace, and we know how to represent and defend your business to buyers and their lenders and advisors.
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Services Offered
Piedmont Business provides a full range of advisory and marketing services to business owners contemplating the sale or transition of their business. Many of our clients begin with a fee-based consulting engagement, including a market pricing analysis and review of a 10-point proprietary checklist of key business transition issues. As a result of this engagement, the business owner should have an idea of the current market value of the business as well as any factors that need to be addressed to improve value and marketability.
Our full-service marketing engagements similarly begin with a pricing and market analysis, followed by experienced representation all the way through closing. We prepare a full offering prospectus on every business to ensure professional and attractive presentation of our clients’ business to the marketplace. On a typical marketing engagement, we filter through 10-20 inquiries for every one legitimate, qualified prospect, minimizing owner engagement until legitimate buyers are identified. We prequalify most businesses for financing and ensure that pricing and terms will hold up to lender scrutiny. This also positions us to defend the pricing to prospective buyers and negotiate deal terms that are fair and reasonable for our clients.
Our services are custom-tailored for each engagement, to meet an owner’s needs. We only represent businesses that we believe will be attractive and valuable to buyers. Our goal is to help our clients transition to a new phase of life, while the business they have worked so hard to build thrives in a new owner’s hands.
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