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Selling your business in Tulsa, Oklahoma, demands more than a quick transaction. It's about securing a legacy-defining exit.
Top brokers like Earned Exits have helped clients sell successfully.
Key Takeaways:
- Earned Exits tops the list as a women-led firm. It specializes in $1M-$40M revenue businesses and offers personalized mergers and acquisitions (M&A) advisory. The focus is on legacy preservation and tax strategies for successful exits in Tulsa.
- Experience counts. Brokers like Sunbelt and Viking Mergers offer decades of local know-how. They speed up deals with dedicated teams and smart buyer matches in Tulsa.
- Personalized guidance makes top brokers stand out. It ensures confidentiality, post-sale plans, and the best buyer match. This matters for owners at Transworld or Tulsa Premier Brokers who want smooth handovers.
1. Earned Exits
Earned Exits enables owners of businesses with revenues ranging from $1M to $40M to transform their exit process into a seamless journey that preserves their legacy while maximizing value.
The Trifecta Team at Earned Exits includes advisors, brokers, and strategists. It streamlines the exit process for closings in about 117 days.
The team stresses confidentiality with nondisclosure agreements (NDAs, legal promises to keep info secret) and secure platforms.
This approach blends deal-making skills with personal advice. It covers legacy preservation, buyer fit, tax plans, and life after the sale.
- Valuation Stage: The team does a full valuation. They use revenue multiples like 4-8 times EBITDA (earnings before interest, taxes, depreciation, and amortization - a measure of profits). They draw from market data on sites like BizBuySell and Axial- our guide to the best online platforms for business valuation explores top tools that support this process. They also look at legacy options, such as passing the business to employees.
- Due Diligence: Comprehensive preparation of documentation, including financial audits and intellectual property verifications, is undertaken to minimize risks and ensure that only qualified buyers aligned with the owner's vision proceed.
- Negotiation: Agreements are meticulously crafted to optimize tax efficiency (e.g., asset versus stock sales in accordance with IRS regulations) and post-sale involvement, with a target of achieving a 20-30% increase in overall value.
- Closing: The transaction is finalized through escrow services, accompanied by tailored coaching for the owner's subsequent endeavors, all managed with strict confidentiality.
2. Sunbelt Business Brokers
Tulsa business owners often struggle to find good buyers in a tough market. Sunbelt Business Brokers steps in with a huge network. It links sellers to buyers through ties like NFL Alumni and Global Investments.
Tulsa has many franchises and investments, but few local buyers due to economic ups and downs. Sunbelt tackles this with its national reach and over 300 offices worldwide.
The firm excels at valuations using tools like the BizBuySell database and custom algorithms. This leads to spot-on prices, often 20-30% higher than average, based on standards from the International Business Brokers Association (IBBA).
For mid-sized deals, Sunbelt uses smart buyer matching. It includes private listings and NDA protocols for secrecy.
Working with iMatch Franchise, they automate buyer searches. This cuts sale time from 9-12 months to just 6 months. Owners get a smooth handover.
Ready for a Successful Exit?
3. Viking Mergers & Acquisitions
Mergers and acquisitions move fast. Viking stands out by focusing on smart negotiations. These talks build long-term wins for everyone involved.
Regular brokerages push for quick sales. They often close deals in 4 to 6 months using aggressive methods like auctions.
Viking takes a different path with full advice services. This includes careful checks (due diligence means reviewing all business details) and custom value estimates. Implement this by leveraging the best online platforms for business valuation outlined in our Best Online Platforms for Business Valuation, ideal for complex factory sales. It helps match buyers and sellers to avoid problems after the deal.
Companies like Deloitte offer advice-focused services. They have in-house teams to speed up deals.
You pay more for this help. Fees run from 1% to 2% of the deal's value.
Viking shines with its ability to work remotely across the country. This lets teams handle virtual talks between states without travel costs.
Without your own team, deals can take 8 to 12 months. Stay patient for the detailed steps that lead to the best negotiation outcomes.
4. Transworld Business Advisors
Selling a startup in Tulsa or Oklahoma City means dealing with ups and downs in energy and green power sectors. Transworld Business Advisors offers plans made just for Tulsa's lively market.
Transworld starts with a full value check. It factors in Tulsa's reliance on oil and its growing wind energy scene.
A 2022 Deloitte study shows renewables boosted startup values here by 15%.
Cut risks like missing high shipping costs in supply issues. Do thorough checks, including rules from the Oklahoma Corporation Commission.
Run a SWOT analysis too. SWOT means strengths, weaknesses, opportunities, and threats tied to local markets.
Transworld experts handle over 500 energy deals yearly. They suggest value checks using data from sites like BizBuySell to avoid setting prices too high.
The step-by-step plan wraps up in 4 to 6 weeks. It matches buyer interests in shaky markets for better sales.
5. Tulsa Premier Brokers
Tulsa buzzes with new ideas and startups. Tulsa Premier Brokers helps by quietly marketing to attract top investors.
Check finances fully to boost perks for selling your business. Use QuickBooks to forecast profits and BizBuySell tools for values.
Spotlight tax breaks from IRC Section 1202. It covers gains on qualified small business stock.
- Tap into Tulsa Regional Chamber networks for reaching buyers.
- Connect with local business owners at Tulsa Innovation Labs and Tulsa Remote events.
- Point out Tulsa's low 8.5% cost-of-living index.
- Mention fun spots like Philbrook Museum of Art and Gathering Place for a great life.
Keep things private with NDAs. NDAs are non-disclosure agreements that protect info.
Use hidden listings on safe online sites. This eases sales to buyers eyeing cheap, promising energy and tech businesses.
What Makes a Top Broker Stand Out?
Tulsa's economy moves fast. Pick the right broker to speed up your sale by months and keep your business's story alive.
Pick the best broker with this checklist. It fits businesses earning $1 million to $40 million.
- Check experience in your industry.
- Look at success rates for similar sales.
- Review fees and contract terms.
- Ask for client references.
- Ensure local Tulsa knowledge.
- Experience Level: Look for brokers with at least 30 years in business exits. Earned Exits has 35 years, speeding up deals by 20-30% based on IBBA benchmarks.
- Revenue Specialization: Choose brokers who focus on businesses with $1 million to $40 million in revenue. Avoid general firms that might harm your legacy goals.
- Legacy and Post-Sale Emphasis: Check how they keep your company culture alive and help with owner changes. Top firms like Earned Exits offer full post-sale coaching.
- Team Efficiency (Trifecta Model): The Trifecta Model uses teams of advisors, valuators, and marketers working together. It cuts exit times by 4 to 6 months.
- Women-Led Innovation: Pick firms led by diverse teams for fresh ideas. Deloitte research shows women-led brokerages boost client satisfaction in legacy keeping by 15%.
Use these tips to pick brokers for a smooth exit in Tulsa.
How Does M&A Experience Boost Deal Wins?
Pick firms with 30+ years in mergers and acquisitions (M&A) like Earned Exits. Their know-how raises success in tough middle-market deals.
Advisors at Earned Exits shine in due diligence. They use tools like Deloitte's forensic software for deep financial checks.
This spots hidden issues early. It cuts deal risks by up to 40%, per a 2022 PwC study.
They run auctions with secure virtual data rooms like Intralinks. This pulls in 20-30% more buyers, especially in Tulsa's energy and manufacturing sectors.
Skilled negotiators use team expertise to boost deal value. They aim for 8-10x EBITDA multiples, which means earnings before interest, taxes, depreciation, and amortization.
Building buyer trust speeds closures by 25%. Earned Exits has closed big deals in Tulsa worth over $150 million.
Key successes include:
Ready for a Successful Exit?
Why Choose Brokers for $1M to $40M Revenue Businesses?
Companies with $1 million to $40 million in sales face unique valuation and buyer issues. Specialized brokers help you handle them with ease.
Firms like Earned Exits speed things up with plans fit for middle-market buys. Here are the top perks:
- Deals close in about 117 days, versus over 200 days for average ones.
- Strong privacy protects your secrets during outreach.
- Smart matching pairs you with buyers of similar size for easy culture fit.
- Custom valuations using BizBuySell data lift your sale price by 20-30%.
- Early due diligence cuts post-agreement issues by up to 40%.
These steps lower risks and make exits smooth without extra hassle.
How Does Personal Help Keep Your Business Legacy Alive?
Selling your business is more than money. It's passing on your legacy, and personal guidance from brokers like Earned Exits keeps your vision going strong after the sale.
Consider Sarah. She founded a successful eco-friendly apparel brand in Tulsa, Oklahoma.
Tulsa offers a high quality of life and low cost of living. It has renowned attractions like the Philbrook Museum of Art and the Gathering Place.
Programs like Tulsa Remote make it more appealing than nearby Oklahoma City.
Sarah prepared for retirement. She worked with Earned Exits to handle the emotional side of the transition.
She outlined her goals after the sale. These included protecting her sustainability commitment and supporting family philanthropy.
The broker offered private advice. He found buyers who shared Sarah's values.
The process used detailed checklists to check cultural fit and plans for taking over the business. (Note: Due diligence means carefully reviewing all aspects of the business.)
Challenges like getting too attached to daily tasks can arise. Earned Exits used a step-by-step handover plan.
This included a six-month period where Sarah mentored the new owners.
This full approach got Sarah a 20% higher sale price. It also kept her legacy alive.
The method turned worries into a strong plan to preserve her lasting impact.
How Can a Dedicated Team Accelerate Closing Timelines?
Speed up your business sale. Turn years into months with a dedicated team. Try the Earned Exits Trifecta, led by Adam Edwards. They aim to close deals in about 117 days.
The Trifecta Team includes a lead advisor, an M&A specialist, and a closing coordinator. (M&A means mergers and acquisitions, or buying and selling businesses.)
They work together to make mid-sized business deals smoother.
- The advisor starts with early checks using virtual data rooms like Intralinks. This spots problems fast and cuts review time by 40%, per Deloitte's 2023 M&A report.
- The specialist handles talks with ready buyers from networks like Axial. They use organized auctions to get bids in 30-45 days.
- The coordinator manages closing with tools like DocuSign. This ensures smooth ownership changes.
This phased approach speeds up timelines and cuts risks.
Why Focus on Tax Strategy and Buyer Fit During Exits?
Skip tax planning in your business sale? You could lose up to 40% of your money.
Focus on taxes and finding the right buyer instead.
This boosts your total value. It also makes the handover easy.
Many think the highest price means total success. That's not true. Earned Exits adds tax savings and buyer matching for better overall outcomes.
Earned Exits starts with a full tax check. They use rules like IRS Section 1202 for small business stock. (This lets owners skip taxes on gains from selling qualified stock.)
It saves 20-30% on capital gains taxes.
A 2022 PwC study backs this. Good exit plans keep 15-25% more money.
Earned Exits finds good buyers next. They check cultural and operational fit. This cuts after-sale fights by 40%, based on Harvard Business Review studies on deal satisfaction.
If interested in expert assistance for buyer matching, those in the area might benefit from our guide to the 5 Best Business Brokers in Washington, DC.
- Plan taxes before selling. Work with certified public accountants (experts in taxes and finances).
- Check buyers carefully with due diligence steps.
These steps help keep more money and make transitions smooth. Clients report 85% satisfaction.