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Frequently Asked Questions - Selling A Business
Most Main Street businesses take 6–12 months from listing to closing. Preparation and finding the right buyer typically takes 3–6 months, with 2–4 months for due diligence and closing. Complex deals or seasonal businesses may take longer.
We use Seller's Discretionary Earnings (SDE) multiplied by an industry-specific multiple (typically 2–4x for Main Street businesses). Factors include revenue trends, customer concentration, owner involvement, and growth potential. You'll get a free top-line range; formal valuations require detailed financial review.
No, but cleaner numbers sell faster and for more. We help normalize earnings (remove one-time expenses, owner perks) and identify red flags during preparation. Buyers want 2–3 years of tax returns, P&Ls, and balance sheets.
No—our process keeps your sale completely confidential. We use blind profiles and NDAs. Employees and customers learn only after closing, and we structure transition plans to minimize disruption.
Cash at closing is ideal but rare. Most deals include 20–50% seller financing over 2–5 years, plus a 3–6 month transition period. Asset sales are most common (vs. stock sales) to limit buyer liability.
No, but your broker might. Michigan regulates business brokers differently by transaction type. We handle compliance so you don't have to worry.
Frequently Asked Questions - Buying A Business
Complete our simple buyer profile. We'll match you with opportunities and coordinate NDAs for detailed information packages. Serious buyers with funding plans get priority access.
Cash: Fastest closing
SBA 7(a) loans: Up to $5M, 10–25% down, great for qualified buyers
Seller financing: Common bridge financing
Investor/partner equity: For larger deals
Sign NDA and review detailed info package
Submit Letter of Intent (LOI) with price/terms
Due diligence (30–90 days): financials, operations, legal
Final purchase agreement and closing
Yes, if you have capital and learn fast. We help first-time buyers understand financials and operations. Many successful owners had no industry experience—just strong general management skills.
Frequently Asked Questions - Working With Shamrock
Prepare → Navigate → Close
Structured, data-driven approach using industry benchmarks, confidential marketing, and professional coordination. See our Sell/Buy pages for details.
Member of IBBA and MBBA. Principal broker brings 10+ years corporate experience in logistics, planning, and FinTech—specializing in data-driven valuation, negotiation, and process management.
Michigan Main Street businesses ($250k–$3M value): service, trades, HVAC, landscaping, light manufacturing, distribution. Recurring revenue focus.
No upfront fees. Buyers typically pay nothing unless you engage us directly for specific services. Sellers pay commission on successful closing.
Sellers: Request confidential valuation (form on Sell page)
Buyers: Complete buyer profile (form on Buy page)
We'll follow up typically within the next business day.
Frequently Asked Questions - Legal & Logistics
Asset sale: Buyer takes only wanted assets/liabilities (most common for Main Street). Seller pays tax on gain.
Stock sale: Buyer takes entire company (rarer). Often better seller tax treatment.
3 years tax returns
2–3 years P&L, balance sheets
Customer/supplier lists
Employee info (no SSNs)
Leases, contracts, licenses
Bulk sales notice, potential real estate transfer tax, UCC filings. We coordinate compliance.