Sell Your Cannabis Business
We have the experience to ensure a positive outcome for your service business.
If you’ve been thinking, “Maybe it’s time to sell my business,” you likely have a lot of questions; after all, selling a business is, in most cases, a once-in-a-lifetime event. We recommend you work with our team to get a full valuation of similar businesses for sale, to see our perspective on the true value of your business. Navigating the process of selling a business is complex and can include both financial and emotional stress. At Rocky Mountain Business Advisors, we know what to expect, and we prepare in advance for the multitude of questions from the buyer, their advisors, banks, and landlords. We have the expertise to ensure a positive outcome – even in very complex transactions. So when you find yourself saying, “It’s time to sell my business,” you’ll know you’re in good hands.
As the region’s leading firm, Rocky Mountain Business Advisors is proud to now offer our services to businesses in the cannabis industry, being the top broker out of a select few to represent both plant-touching and ancillary cannabis companies, including:
- Dispensaries
- Processing & Manufacturing
- Cultivation
- Testing & Research
- & Beyond
Rocky Mountain Business Advisors' Proven Selling Process
Step 1: Goals Discussion
We’ll work together to arrive at your business sale goals by getting a complete understanding of the financial and operational sides of your business. This will enable us to target well-qualified buyers for your business.
Step 2: Price Determination
Valuing your business is a critical step when you’re preparing to sell. Set the price for your business too low, and you leave money on the closing table. Set the price for your business too high, and the most qualified buyers won’t even inquire.
Step 3: Confidential Executive Summary
The quality of information provided to well-qualified buyers is essential to establish a solid and favorable impression of the business you’re selling. We ensure it the summary is well-written, complete, and accurate.
Step 4: Go to Market and Buyer Qualification
With a sense of urgency, we oversee the details in the go-to-market process of selling your business. We manage prospects, bringing only well-qualified buyers to the table, so you can remain focused on operating your business while it’s for sale.
Step 5: Negotiation
The most important skill that we bring to the table as business brokers is the ability to know when to negotiate and when to stand firm in order to achieve the highest market value for the sale of your company.
Step 6: Financing and Term Sheet Structuring
Creative structuring, and an understanding of the dozens of available term sheet items, enable us to increase the amount of money you’ll net from the sale of your business.
Step 7: Due Diligence
Strategic management of the due diligence process is key to minimizing the time to complete the sale of your business. As experienced business broker, we understand which requests from buyers are reasonable and know how to address valid concerns, without creating new ones.
Step 8: Closing
In addition to finalizing the closing documents for the sale of your business, we can work to assist the buyer with finding and receiving a business acquisition loan. We manage all the details of your business sale until the final deal is signed and delivered.
Let’s talk about what your cannabis business is worth!
Call Rocky Mountain Business Advisors to schedule a free consultation with an experienced professional.