Six Months to Sale: What Really Happens
September 8, 2024
Selling a business is a process with stages, pressure points and moments where everything can fall apart.
Here’s what really happens over six months.
Month 1 – Preparation
Financial clean-up, operational review, risk removal, valuation, positioning, IM creation.
Month 2 – Buyer Targeting
Blind teaser drafted, confidentiality agreements issued, buyers identified and approached.
Month 3 – First Conversations
Questions, clarifications, early offers and negotiation positioning.
Month 4 – Heads of Terms
Structure, price, conditions, exclusivity and timeline agreed.
Month 5 – Due Diligence
Where deals usually die. Buyers dig, sellers scramble. Preparation determines survival.
Month 6 – Completion
Contracts, transfer, onboarding. Or collapse, followed by an expensive restart.
A clean, prepared business makes this process smoother and significantly more profitable.