How to sell a business in Utah: a step-by-step guide for owners
Licensing, taxes, leases, buyers, and closing, with the Utah details generic guides skip.
Mergers and Acquisitions Specialists
At Legacy Handoff, we help business owners sell their companies to qualified buyers while making sure their legacy lives on. We analyze, value, and manage the entire sales process so you can focus on running your business until the handoff is complete. We've bought, built, and sold businesses ourselves, so we know how it works, and you work directly with our team.
Free estimate
Two numbers and thirty seconds. No email required for the rough range.
Ranges are based on typical Main Street multiples of seller's discretionary earnings. A real valuation looks at a lot more than two numbers.
Figures reflect Legacy Handoff transactions. Your business may sell above or below these numbers.
We tell you what it's worth, find the right buyer, and get the deal to the wire. You keep running the business until the handoff is complete.
Serious about acquiring a Utah business? Get on the list. New listings go to our buyers before they're posted anywhere public.
Why Legacy Handoff
Most brokers have never sold a business of their own. Our team has, more than once, and we're still involved in acquisitions today. That changes how we represent you.
You work with Riggs and the people around him from the first call to closing, not an associate you've never met. You'll have our cell numbers.
No retainers, no marketing fees, no hourly billing. We're paid a commission at closing. If your business doesn't sell, you owe us nothing.
We buy businesses too, so we know exactly what the buyer across the table is looking for and where they'll push.
Your business is marketed blind. Buyers sign an NDA and prove they can close before they learn your company's name.
Meet the founder
Riggs Powell started Legacy Handoff after selling businesses of his own. He built a company and helped sell it for eight figures, has sold six businesses himself, and has bought businesses as well. He knows what it's like to hand over something you built from nothing, and what a seller needs from their broker, because he's been the seller.
We're still involved in acquisitions and running businesses today. That keeps us sharp on what buyers want, what lenders will finance, and what a company is really worth. When we represent you, we're not guessing what buyers want. We are one.
How it works
No mystery, no surprises. Most Utah deals close in six to twelve months, and some have closed in 45 days.
We start with a free consultation to understand your needs and goals: what the business does, what you're hoping to walk away with, and when you'd like to be done. No pitch, no pressure.
We provide a detailed, no-cost valuation of your business. A real number you can defend at the table, not one designed to win your listing.
We craft a confidential marketing plan and advertise your business to our buyer list and the major marketplaces in a generic way that never reveals your name or location. Nothing goes out without your approval.
We screen every inquiry and weed out the tire kickers and time wasters. Qualified buyers sign a confidentiality agreement before they see anything specific, so you can stay focused on your business.
We manage offers and counteroffers with your best interests in mind, keep due diligence moving so a buyer never goes cold, and handle the paperwork through closing. Then it's time to celebrate.
What owners say
Legacy Handoff made selling my business super easy! If you're interested in selling or even just getting a valuation on what you might be able to get, contact Riggs. He's fantastic to work with!
Legacy Handoff was great to work with. They helped me sell my business faster than I thought possible and for more than I thought it would sell for. The process was super easy for me and they held my hand along the way. I highly recommend using them to help you sell your business.
Recent handoffs
Current opportunities
Blind summaries only. Sign an NDA to get the full picture.
Semi-absentee, profitable clinic-plus-mobile practice with a wound care specialty, full payer credentialing, and 50+ pending referrals. Team in place; owner retiring.
On-wing nondestructive testing for commercial airlines at major airports worldwide. Certified repair station, low overhead, global client base.
If you want first look at what's coming, get on the list.
Join the buyer listWhere we work in Utah
We work with owners anywhere in Utah: in person for the meetings that matter, and by phone and video for everything else.
Industries
If it has real revenue, real operations, and a reason for a buyer to want it, we should talk.
Also serving owners in: Idaho · Wyoming · Montana · New Mexico
Common questions
Legacy Handoff is a business brokerage firm that helps business owners sell their companies. We guide sellers through valuation, marketing, and negotiations to ensure a smooth handoff of their legacy, with a focus on maximizing value and maintaining confidentiality.
Unlike many brokers, we don't believe in getting paid for listing, only for closing. There are no upfront fees. We're paid a commission on the final sale price at closing, the same way a real estate transaction works. Many brokers charge a retainer or bill hourly before anything closes. We don't. Our commission is competitive and tailored to the size and complexity of the deal. We don't charge more than our competitors; we just do a better job.
Small to mid-size businesses across a wide range of industries: home services, franchises, medical and dental practices, construction, manufacturing, e-commerce, professional services, and more. Whether you own a service company, a subscription business, or a traditional retail operation, if it has real revenue and real operations behind it, we should talk.
It varies with industry, size, financial health, and asking price. We've had deals close as soon as 45 days after the listing agreement was signed, but we tell owners to expect six to twelve months. Businesses with clean books, clean operations, a desirable industry, and growth go faster than businesses that are shrinking or in a less desirable industry.
Absolutely. Confidentiality is a top priority. We market your business without revealing its name or location, and buyers sign a non-disclosure agreement before they see anything sensitive. Your employees, customers, and competitors won't know unless you decide to tell them.
We leverage our network of pre-qualified buyers, including investors and operators actively looking for acquisitions, and we advertise your business locally and nationally on the major marketplaces. Everything goes out in a generic, confidential form that doesn't reveal who you are.
We've bought, built, and sold businesses ourselves, so we know how it works from both sides of the table. We offer free valuations, no upfront fees, and a personal process designed to honor your hard work while securing the best possible outcome. And you work directly with our team, not an associate you've never met.
You could sell it yourself, but you'd be learning the process for the first time while running your company. We bring market knowledge, a buyer network, and negotiation experience, keep the process confidential, and handle the legal and financial steps so the deal doesn't die in due diligence. That raises your odds of the best possible outcome while you stay focused on the business.
We look at what similar businesses actually sold for, current market conditions, and your own financial performance: revenue, profit margins, and assets. We also weigh growth potential, industry trends, and anything unique about your business that adds value. The goal is a price you can defend at the negotiating table.
Utah is home, and we're licensed here. We also help owners sell businesses in Idaho, Wyoming, Montana, and New Mexico, where a real estate license is only needed when property is part of the deal. If your sale includes real estate in one of those states, we bring in a licensed local professional for that piece.
Learn
Licensing, taxes, leases, buyers, and closing, with the Utah details generic guides skip.
SDE, multiples by industry, and three Utah examples that show why the same profit sells for different prices.
Typical commissions, minimums, retainers to avoid, and what to read before you sign.
Let's talk
Whether you're selling next quarter or just curious what your business might be worth, the first call costs nothing and stays between us.