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We guide you through the entire Buying Process:
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 you will like. The more information we provide the
seller, the better the terms he 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.
OPEN ESCROW/CLOSING ATTORNEY
We provide all documents to the transferring agent or attorneys so they
can prepare the closing documents.
They make arrangements to assign any notes or equipment leases.
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.
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