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Selling a Business in Plano, TX

Plano has a large base of established companies north of Dallas, and Dallas Business Brokers Firm introduces its owners to a broker who knows what buyers pay.

Here is how local sales tend to go.

Rather talk first? Call (214) 555-0172 on a weekday.

Counties
Collin and Denton
Business corridors
Legacy business district, Preston Road, the Dallas North Tollway
Typical sellers
Medical offices, specialty retail, business services, tech services

What buyers see in Plano

Plano sits between the Dallas North Tollway and US 75, close to corporate offices around the Legacy area. Many owners serve those offices and the families nearby.

Service companies, medical and dental offices, specialty food and retail shops, and small technology firms make up a good share of sellers.

What tends to raise the price here

Buyers favor a company with documented earnings and customers who return. A shop in a busy center needs a lease with years left, since a short lease puts the whole location at risk.

Owners with a staff who can run the day without them tend to get more interest. See our IT services page as an example of how recurring revenue lifts value.

Plano paperwork to expect

Plano sits in Collin and Denton counties, so more than one appraisal district may apply. Read how business property tax works in a sale year, then ask your CPA which district covers you.

Leases come up in nearly every Plano deal: lease assignment covers what to line up.

Questions a Plano buyer will ask

Buyers want to know why you are selling, since personal reasons such as retirement or family sound better than business problems. They also ask how long your best employees have stayed.

Expect requests for tax returns, a profit and loss statement, a balance sheet, bank statements, your lease and an asset list. Tax returns and bank statements are usually shared only after a buyer signs an NDA and shows proof of funds.

Keep your books current with your CPA, since the last twelve months matter most. Stale records read as a sign of weak books.

Next step

If your Plano company brings in about a million dollars a year or more, ask for a private price range or call (214) 555-0172.

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