mm Hi robert Hirscher from Freedom Factory. And a question that we get a lot is how do I sell my business quickly? So if you've come to the decision to sell your business as soon as you make that decision, you want it to happen as fast as you can. And so there are a couple of things that we've done to really optimize the process. And when we do it here, we've compressed it down to 147 day timeline. And we've done that by really being able to control the seller's process. So for example, if you're selling your business and every buyer that calls, they have different questions and they, I want to talk to you and meet your management team, that becomes a big distraction. And so what we do is we create a timeline where you submit your questions, uh you know, for example, let's say you submit six questions and you get 50 responses. Well all of a sudden, you know that it's there, other buyers looking at it. It's a competitive process. And then only after we pre qualify the buyers and get the letter of intent, do we ever offer them a management meeting? Now, the number one reason that businesses go out of contract is generally because they dropped the ball.
So if they're doing a baseline revenue and all of a sudden you have a second job, which is selling your business, you take your eye off the prize, your revenue goes like this. And if you do have a buyer that's gonna spook them. So you want to do is make sure to have the right partnership. So 11 side of the team is focused on selling your business and the other side is focused on optimizing it and running it now. Another thing that really helps the process is with enough deal experience, you know, what's going to be requested, You know what information the financial recast, all the information that they're going to want. What you want to do is get that together before you even take it to market. Because when you sell a business, it's kind of like playing a game of tennis and you're always hitting the ball over to the other side. As soon as they request that information, you want to have it ready to go so you can pass it right to them and it's going to increase your value and maximize the value of your business. So there's two things one, the smoother it goes from the buyer's perspective, the more desirable your businesses and to the more complete your paperwork and documentation.
The higher the sales price. If you have any questions on how to sell your business or what does this look like, Please give us a call it Freedom Factory. We look forward to speaking with you