Advice on selling a beauty supply business?

I have a friend who is selling there beauty supply business and wants advice on how to sell it.


A little information about the store, it has over 20,000 products, 2 employees, been around for 11 years, gets moderate traffic, gross revenue of 100k-125k a year does not have an accountant.





What they wanted to know is what they need to do if they've set a price and have people interested in it like what they should have prepared.Advice on selling a beauty supply business?
I work for a merger/acquisition firm. We deal with large businesses but you would want to have all the audited tax financials/accounting/tax returns ready for review (especially since there is no accountant). Make sure any interested parties sign a confidentiality agreement so they can't disclose all of your financial information. Also have inventory sheets ready and disclose any/all financial related info. to the business. You may want to hire an attorney to cover yourself or a small business broker. This is a very important transaction and should be handled so your friend comes out ahead and gets maximum value for the business.Advice on selling a beauty supply business?
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