|
|
|
We guide you through the entire Selling Process:
COMMITMENT
Your commitment to us is to sell your business at a price and with terms
consistent with the marketplace.
DOCUMENTATION
You provide us with all the necessary documents and data required to
sell your business.
VALUATION & PRICING
We analyze your business and suggest a realistic price & terms,
or for a larger business, we recommend a third party valuation.
ADVERTISING
We advertise your business and others like it to get the highest possible
response and the greatest numbers of prospects.
SCREENING
We interview buyers to eliminate those who are unable or not ready to
purchase a business at this time.
INTRODUCTION
Our Business Intermediary presents your business to qualified potential
purchasers. They discuss the various components and benefits of the
business with the potential buyer.
MEETING
A possible meeting with you, the potential purchaser and the VR Business
Intermediary is set up, to prove the buyer's interest and give an opportunity
to learn more about the buyer.
ASSIST WITH FINANCING
We have many financial resources, including lenders who specialize in
SBA loans or business loans, and we will assist you and the buyer in
determining which method of financing will work for all parties and
lead to a successful closing.
OFFER TO PURCHASE
We encourage buyers to write a fair offer accompanied with an earnest
money deposit check.
PRESENT OFFER
We will present the offer for purchase to you. At the time, we can provide
with background information on the buyer and explain the buyers reasoning
behind the offer.
ACCEPT THE OFFER
You may accept the offer as presented or you may use our knowledge and
experience to structure a counter offer.
EXPLANATION
We explain the terms and conditions of the offer to you.
MUTUAL ACCEPTENCE
At this critical time VR Business Intermediaries use their training,
negotiating skills and expertise to create a mutually acceptable agreement
and it becomes a contingent purchase and sale agreement.
INSPECTIONS
Nearly all offers are contingent upon the buyer's inspection and approval
of all aspects of the business operation including financial records.
The handling of due diligence is the most important step in the process
of a successful sale. You will need to satisfy the buyer that you have
all the necessary licenses and permits necessary to operate the business.
CONTINGENCY REMOVAL
The buyer's needs to remove all the contingencies for the agreement
to become a binding offer for purchase and sale.
LEASE ASSIGNMENT
We work to present the buyers experience and financial qualifications
to the landlord in order to obtain a lease assignment or new lease.
NOTE ASSUMPTION
If there are existing equipment lease or loans that the buyer is to
assume, we can work with the lender, closing attorney or escrow company
to transfer those obligations.
CLOSING PREPARATION
The closing documents are based on hundreds of prior transactions. They
are tailored to meet the individual needs of you and your buyer at the
time of the sale. They are coordinated by either an attorney or an escrow
company.
INVENTORY
When applicable, we will assist you in finding professionals to assist
you with the inventory process.
A SUCCESSFUL SALE
We assist with the many details required for a smooth transfer of possession.
All parties then sign the final agreement, the business is transferred
and funds are distributed.
Contact
us for more information.
Return to Top of
Page
|
|
|
