Access to a Wider Range
of Opportunities
Expert Guidance and
Due Diligence
Negotiation Support
Streamlined Buying Process
The Business Buying Process
1
Decide on the Type of Business
Purchasing a business is a major step toward securing your financial future. Determine the kind of business that aligns with your interests and goals.
2
Evaluate Your Capabilities and Understand the Process
We start by gathering detailed information about your financial capabilities, skills, experiences, and personal goals. Continuous communication via phone or email can be effective if meeting in person isn’t possible. Additionally, I will explain the business buying process, including how to use online resources, interpret business listings, understand valuation concepts, and review opportunities.
3
Search for the Right Business
The search involves signing confidentiality agreements, obtaining detailed business information, and arranging showings with sellers. We will refine your search and explore various opportunities until you find the right business. If the search extends over several months, you may revisit the educational step to stay informed.
4
Make a Serious Offer
When you find a business you like, I will help you draft a contingent offer. A purchase and sale agreement, along with a good faith deposit, will be presented to the seller. After negotiations, you will have an executed contingent purchase agreement.
5
Legal Representation, Due Diligence, and Closing the Deal
During due diligence, verify the owner’s claims about the business. I will coordinate with your legal and accounting professionals to satisfy all contingencies. If financing is needed, your loan application must be approved. Final preparations include lease assignments, utility transfers, financing arrangements, and inventory counts to ensure a smooth transition. An attorney typically handles the acquisition completion with document signing and payment of the purchase balance.
6
Post-Closing Support
The seller may provide transitional training, including meetings with employees and clients, technical education, and computer updates. I will be available to assist with any post-closing requirements. Remember the lessons learned during this process for when you decide to sell your business.
A Non Disclosure is required to learn about our businesses for sale. Our contract with our business seller clients requires that we collect simple buyer qualification data and a non-disclosure agreement. ALL business buyer information is kept strictly confidential and used solely by our company for the purpose of buyer related communication as well as the qualification and non-disclosure. Once you complete the quick process, we will reach out to you. There is NO OBLIGATION by completing the Non-Disclosure Agreement.
