1. Research and Due Diligence: Investigate the business’s financial health, legal standing, market position, and potential liabilities.
2. Valuation: Determine the fair market value of the business.
3. Negotiation: Negotiate the terms of the sale with the seller.
4. Contract Preparation: Draft a sale agreement outlining the terms and conditions of the transaction.
5. Financing: Arrange for the necessary financing if needed.
6. Settlement: Complete the transaction by signing the sale agreement and transferring ownership.