Buying a business is not as simple a task as people may think. The process tends to be more complex and involved than a real estate transaction and most people are unfamiliar with the nuances of the process.
So, whether you are thinking about buying your first business or looking to add a new business to your existing portfolio, BuyBiz4Sale can help. We will help navigate you through the transaction and advise you on the various risks and opportunities that can be involved with buying an existing business.
Give us a call and see if BuyBiz4Sale can help you find the right business for your needs.
There’s no better way to build wealth and take charge of your own destiny than owning a business. One of our experienced professionals at BuyBiz4Sale can help you find and acquire the right business for you.
When an owner of a small business decides it’s time to sell, one of the main goals is finding a qualified buyer. For this reason, we begin our process by gathering detailed information about you to establish your financial capabilities, your skills and experiences, and business goals. This information helps us gain your commitment to the process and determine the best types of business to pursue.
Once you’ve identified a business to pursue, BuyBiz4Sale will help you navigate the sales process beginning with the confidentiality disclosures, getting you detailed information on the business, and set up communications and showings with the seller. It is during this time when a buyer should be doing their due diligence by researching and analyzing all the available information on the target business.
You’ve done your due diligence and you’re ready to move forward. At this point we will share with you our expertise in deal structure by helping you draft a contingent. A purchase and sale agreement will be presented to the seller with a deposit of good faith held in escrow to demonstrate your seriousness. After any negotiations, you should be left with an executed contingent purchase agreement to buy a business.
Final preparations will be made for lease assignments, utility transfers, financing, merchant service accounts, inventory counts, and any other last-minute preparations to make the transfer as seamless as possible. Your acquisition will usually be completed by an attorney with the signing of several documents and the payment of the balance of the purchase price.