Seller's Business Disclosure Checklist Statement

Seller's Business Disclosure Checklist and Statement
Name of Company: _______________________________________

Date Completed: _________________________________________
Name of Business Owner: __________________________________
Broker: _________________________________________________
1. Are there any legal or regulatory impediments to selling your business?

i) Threatened litigation Yes No
ii) Pending litigation Yes No
iii)Unresolved insurance claims Yes No
iv)Employee back wages claims Yes No
v) Employee overtime wages claims Yes No
vi)Product liability issues or claims Yes No
vii)Unpaid medical or insurance premiums Yes No
viii)Health department issues or claims Yes No
ix) Fire, building, or zoning department issues or claims Yes No
x) Department of beverage and alcohol issues or claims Yes No
xi) State or Federal environmental agency issues or claims Yes No
xii)OSHA or State worker safety issues or claims Yes No
xiii)IRS, State or Local taxing authority issues or claims Yes No
xiv)Franchise agreement issues or claims Yes No
xv) Other (not listed) Yes No
If yes, please explain: ___________________________________________________
_____________________________________________________________________
2. Are there any contractual impediments to selling your business?
Charleston Business Brokers 21 Broad Street Charleston, SC 29401
www.charlestonbusinessbrokers.com (843)849-1175
Page 1 of 11
rev. 7/21/09
i) The business is current on all loans Yes No

ii) The business is current on all lease obligations Yes No
iii) Other (not listed) Yes No
If no, please explain: ____________________________________________________
_____________________________________________________________________
3. Charleston Business Brokers has conducted a preliminary search of the records of
the South Carolina Secretary of State searching under the name
________________________________________ (please confirm the accuracy of our
findings which are attached):
i) The business legal entity is in Good Standing Yes No
_____________________________________________________________________
ii) There are outstanding UCC's on file Yes No
If yes, please explain: ____________________________________________________
_____________________________________________________________________
4. Does the length, terms or assignability of your real estate lease impede a new owner
from operating the business from its current location? Yes No
If yes, please explain: ______________________________________________
_____________________________________________________________________

Page 2 of 11
rev. 7/21/09
Fundamental Selling Enhancers

Fundamental selling enhancers are those aspects of your business that are the core
drivers of your business profitability. These selling enhancers are common to most, if
not all, businesses. Quite simply, the better these areas of your business are managed,
the better your profitability and the more confidently a prospective buyer will view the
prospects for the future of your business. Businesses are sold every day without all of
these fundamentals in place but our goal is to manage the sales process and increase
your odds for successfully reaching your goal of selling your business; selling your
business at the maximum price; and selling your business in a reasonable period of
time. Businesses that do not have all of these fundamentals in place may very well sell,
but at prices that are reflective of their deficiencies.
1. Company Documentation is Clear, Comprehensive and Organized
a. Profit and Loss Statements for the last three years Yes No
If no, please explain: ______________________________________________
_____________________________________________________________________
b. Year-to-Date Profit and Loss Statements for the current year Yes No
_____________________________________________________________________
c. Business Tax Returns for the last three years Yes No
_____________________________________________________________________
d. Entity Records
i. Business Formation Documents (Articles of Incorporation) Yes No
ii. Entity is in Good Standing with the State of Incorporation Yes No
iii. Minutes of Shareholder or Board Meetings Yes No
iv. Contractual Agreements with Shareholders or employees Yes No
v. Contractual Agreements with Suppliers and Vendors Yes No
vi. Contracts or supply agreements with Customers Yes No
vii. Customer Lists Yes No
viii) Business license Yes No
Page 3 of 11
rev. 7/21/09
If no, please explain: _____________________________________________________

______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
____________________________________________________________________
e. Equipment Leases Yes No
_____________________________________________________________________
f. Real Estate Leases (with a minimum of a 5 year term remaining) Yes No
_____________________________________________________________________
g. Asset Lists and Documentation

i. Vehicles (Title Documents) Yes No
ii. Inventory Yes No
iii. Capital Equipment and Depreciation Schedules Yes No
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
h. Licenses and Permits Yes No
_____________________________________________________________________
i. The business is a franchise Yes No

Page 4 of 11
rev. 7/21/09
If yes:
Franchise Agreement Provided to CBB Yes No
Exclusive Territory Yes No; Please define: _____________________
______________________________________________________________________
Royalty Structure is as follows: __________________________________
______________________________________________________________________
Franchisor has right of first refusal when business is sold Yes No
Franchisor transfer fee is as follows: ______________________________
______________________________________________________________________
Franchisor has to approve purchaser: Yes No; Please define
minimum approval requirements: ___________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
Bonuses
Audited Company Financial Statements Yes No
_____________________________________________________________________
Intellectual Property Ownership (Copyrights, Patents, Trademarks and Servicemarks)
Statements Yes No
_____________________________________________________________________
Trade Secrets (Documented Processes, recipes, information or methods that are not
known to your competitors that give your business a competitive advantage)

Page 5 of 11
rev. 7/21/09
Yes No
_____________________________________________________________________
2. Company Physical Premises are clean and organized

a. As a general statement, the building is clean and appealing Yes No
_____________________________________________________________________
i. Lighting is working and adequate Yes No
ii. Walls and floors are clean Yes No
iii. Signage is working and appealing Yes No
iv. HVAC is operable and adequate Yes No
v. Grounds are clean and manicured Yes No
vi. Employee work areas are clean, uncluttered and organized Yes No
vii. Parking areas are clean and clearly designated Yes No
viii. Merchandise, if applicable, is attractively displayed Yes No
______________________________________________________________________
b. Inventory is neat and organized
i. All inventory is current and saleable Yes No
ii. All inventory is readily identifiable Yes No
_____________________________________________________________________
c. Office supplies are neat and organized

i. All supplies are current and useable Yes No

Page 6 of 11
rev. 7/21/09
ii. All supplies are readily identifiable Yes No

_____________________________________________________________________
d. Office equipment is in good working order

i. Computer equipment and software Yes No
ii. Credit card processing equipment, if applicable Yes No
iii. Warehouse equipment Yes No
iv. Manufacturing equipment, if applicable Yes No
v. Store fixtures and displays, if applicable Yes No
vi. Office furniture is clean and functional Yes No
_____________________________________________________________________
e. Internet presence is organized and current
i. Company web site Yes No
ii. Company email addresses Yes No
iii. Information Technology support Yes No
_____________________________________________________________________
3. The Company is Attractive to Buyers

a. Profits are consistent or increasing over the last 2-3 years Yes No
_____________________________________________________________________

Page 7 of 11
rev. 7/21/09
b. Seller's Discretionary Income is healthy Yes No

_____________________________________________________________________
c. Accounts receivable are documented, current and collectable Yes No
_____________________________________________________________________
d. Accounting systems are in place and consistent from year-to-year Yes No
_____________________________________________________________________
e. The company business plan is well-written and shows how profits can be
substantially increased Yes No
_____________________________________________________________________
f. Evidence of secure relationships with key suppliers Yes No
_____________________________________________________________________
g. Evidence of secure relationships with key customers Yes No
_____________________________________________________________________
h. Experienced employees will continue to work the business Yes No
_____________________________________________________________________

Page 8 of 11
rev. 7/21/09
i. Owner compensation (including fringe benefits) is clear Yes No

_____________________________________________________________________
Bonuses
Recurring Income Sources Yes No
_____________________________________________________________________
Exclusive Products or Services Yes No
_____________________________________________________________________
Broad customer mix Yes No
_____________________________________________________________________
The company business is manageable (or, if it requires expertise processes are
documented in writing) Yes No
_____________________________________________________________________
Experienced GM is in place and will stay (if the buyer desires) Yes No
_____________________________________________________________________
4. Intangibles
a. The business maintains honest business practices Yes No

Page 9 of 11
rev. 7/21/09

_____________________________________________________________________
b. All relevant information is disclosed (especially negative facts) Yes No
_____________________________________________________________________
c. Believable explanation for selling Yes No
_____________________________________________________________________
Bonuses
Awards and other types of recognition Yes No
_____________________________________________________________________
The business is structurally lean (less profitable locations, product lines or
divisions are closed) Yes No
_____________________________________________________________________
The business is operationally lean (workforce, equipment, receivables are at
appropriate levels to maximize profitability) Yes No

Page 10 of 11
rev. 7/21/09
Sellers Business Disclosure Checklist and Statement

Acknowledgement
I _______________________________ (name of business owner) acknowledge the

information I have provided in this document is accurate and fairly reflects my
businesss current status.
______________________
___________________
(business owner signature)
(date)
____________________________
________________________
(CBB broker signature)
(date)
CBB office copy
Broker copy
Business owner copy

Page 11 of 11
rev. 7/21/09

Seller&#39;s Business Disclosure Checklist Statement

Загружено:

Сведения о документе

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

Seller&#39;s Business Disclosure Checklist Statement

Загружено:

Авторское право:

Доступные форматы

Seller's Business Disclosure Checklist and Statement

Name of Company: _______________________________________

1. Are there any legal or regulatory impediments to selling your business?

i) The business is current on all loans Yes No

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

Fundamental Selling Enhancers

If no, please explain: _____________________________________________________

g. Asset Lists and Documentation

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

2. Company Physical Premises are clean and organized

c. Office supplies are neat and organized

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

ii. All supplies are readily identifiable Yes No

d. Office equipment is in good working order

3. The Company is Attractive to Buyers

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

b. Seller's Discretionary Income is healthy Yes No

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

i. Owner compensation (including fringe benefits) is clear Yes No

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

If no, please explain: ______________________________________________

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

Sellers Business Disclosure Checklist and Statement

I _______________________________ (name of business owner) acknowledge the

(business owner signature)

(CBB broker signature)

CBB office copy

Business owner copy

Charleston Business Brokers 21 Broad Street Charleston, SC 29401

Вам также может понравиться

Seller's Business Disclosure Checklist Statement

Seller's Business Disclosure Checklist Statement