COMMITMENT
Your commitment to purchase a business at price
and terms consistent with the marketplace
that is consistent with your needs and
abilities.
DISCLOSURE
You sign an agreement promising to maintain
confidentiality for all the information provided
to you on the businesses we discuss.
BACKGROUND
INFORMATION
You provide us with information about yourself, such as a resume and financial statement. The more we know about you, the more likely we can find a business that will meet your objectives. The more information we provide the sellers, the better the terms they will consider.
REVIEW
Together we discuss and review various types
of businesses and select some that appeal to
you.
INTRODUCTION
We introduce you to the businesses you are
interested in and discuss the important factors
of each.
MEETING
A meeting between you, the seller and us may
take place. This gives you the chance to ask
questions you may have about how the business
operates and to describe your qualifications
to the seller.
OFFER TO PURCHASE
You write, with our assistance, an offer or
letter of intent for the business you like.
Earnest money may be required to demonstrate
the seriousness to the seller.
Most offers are contingent upon your inspection
of the books and records of the business. The
offer is not binding until you remove all contingencies.
PRESENT OFFER
We present your offer to the seller
BACKGROUND
We give to the seller your background, financial
information, experience and point of view in
arriving at the offering price, terms and conditions.
Favorable background information about you
will result in favorable consideration of your
offer.
EXPLANATION
We carefully explain the terms and conditions
of the offer to the seller and decision makers.
ACCEPTANCE
The seller accepts the offer to purchase as
presented or counter offers.
MUTUAL ACCEPTANCE
When buyer and seller agree to all terms and
conditions of the sale, the offer becomes a
Purchase and Sale Agreement.
DUE DILIGENCE
You meet with the seller to examine the financial
records. Any questions you have are resolved
at this time.
We work with the landlord to get an assignment
of the current lease or new lease for you.
INVENTORY
Arrangements are made for you and the seller
to count and price the inventory (if required).
TRANSFER OF
OWNERSHIP
All parties meet to sign documents.
Contact us for more information.
