SERVICES

Business Sales Process

• Initial discussion with Legacy Energy Consulting (“LEC”) to discuss your business, goals, and process, and to determine an estimated business value.
• Upon deciding to proceed, a consulting agreement is carried out with LEC.
• LEC provides an information request template for you to supply the necessary data to build the Confidential Information Memorandum (“CIM”) that will be shared with potential buyers.
• Once the CIM is completed, a more accurate valuation range will be provided to you.
• LEC prepares a confidential teaser regarding your business to share with potential buyers.
• Non-Disclosure Agreement (“NDA”) is prepared by LEC and sent to potential buyers.
• The CIM is presented to buyers who have executed NDAs.
• Letters of Intent (“LOI”) are typically due within 4-5 weeks.
• LEC compiles a summary of all received LOIs and discusses each one with you.
• After selecting a buyer, the due diligence process by the buyer begins and LEC navigates this process with you
• As due diligence progresses, the buyer will provide a draft of the Asset Purchase Agreement (“APA”), which is required to close the sale.
• Once the buyer's due diligence is satisfied and the APA is finalized, closing can occur.
• The entire process typically takes approximately 6 months to complete.