Buying Process

Pre-Qualifying the Buyer:

  • Execute a Non-Disclosure Agreement.
  • Buyer background information: resume; financial history.

Business Search:

  • Determine type and size of business that best fits buyer’s wants and needs.
  • Review businesses currently listed.
  • Arrange confidential meeting with owner and tour the business.

Buying Process:

  • Pre-qualify buyer – cash, conventional loan, SBA loan, seller financing.
  • Submit a written offer to purchase.
  • Secure seller’s acceptance.
  • Negotiate all terms and conditions of sale.
  • Due diligence search and review.
  • Contingency removals and lease transfer.
  • Inventory count and verification.
  • Secure required licenses and permits.
  • Closing documents and transaction.
  • Transfer of Ownership.

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