20/06/2025

How to Prepare Your Business for Sale: A Checklist for Owners

How to Prepare Your Business for Sale: A Checklist for Owners

Thinking about selling your business? The decision to sell is a big one—but getting prepared doesn't have to be complicated. With the right tools and planning, you can put your best foot forward and attract serious buyers faster.

At Sherpa, we make selling your business simple and stress-free. Our AI-powered, commission-free platform helps you prepare, value, and list your business in just a few clicks. Here’s what you need to get started:

✅ 1. Get Your Financials in Order

Buyers want clarity. Clean, accurate financials build trust and confidence.

  • Pull together your last 3 years of profit & loss statements

  • Identify any add-backs (e.g., personal expenses, depreciation, one-off costs)

  • Make sure your BAS statements and tax returns are up to date

Tip: Sherpa’s AI valuation tool automatically calculates your Seller’s Discretionary Earnings (SDE)—a standard buyers rely on when comparing businesses.

✅ 2. Reduce Owner Dependency

Ask yourself: could someone else run this business?

  • Document your daily operations

  • Delegate responsibilities to key staff if possible

  • Systematise repeatable tasks and customer processes

A business that runs without relying too heavily on you is more valuable—and easier to sell.

✅ 3. Organise Key Documents

Having everything ready for buyer due diligence will speed up the sale.

  • Lease agreements and landlord contact details

  • Employee contracts and rosters

  • Supplier and customer agreements

  • Licences, permits, and insurance certificates

You’ll upload these later to Sherpa’s portal, making it easy for qualified buyers to access once they’ve signed an NDA.

✅ 4. Understand Your Value Drivers

What makes your business attractive?

  • Recurring revenue or loyal customers?

  • Unique location, brand, or IP?

  • Consistent growth or low competition?

Highlight these strengths in your advert. Sherpa’s AI helps you build a professional, compelling listing with zero writing experience needed.

✅ 5. Build a Buyer-Ready Listing

With Sherpa, you don’t need to be a marketing expert. Just answer a few questions and we’ll:

  • Write your ad using AI

  • Syndicate your listing to 8+ major websites

  • Handle buyer enquiries with automated follow-ups

  • Track interest through your personalised seller dashboard

Get Ready to Sell—Your Way

Sherpa makes it easy for business owners to manage the entire sale process—without paying broker commissions.

✔ Instant online valuation
✔ Advert builder included
✔ Buyer matching tools
✔ No commission
✔ Full support along the way


Start your business's sales journey

See how your business ad could look in under 2 mins

Start your business's sales journey

See how your business ad could look in under 2 mins

Start your business's sales journey

See how your business ad could look in under 2 mins

Start your business's sales journey

See how your business ad could look in under 2 mins

Simplifying business sales with an easy-to-use, low fee platform

Simplifying business sales with an easy-to-use, low fee platform

Simplifying business sales with an easy-to-use, low fee platform

Simplifying business sales with an easy-to-use, low fee platform