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The Buying Process
1. Decision To Buy
You decide you want to own a business and that you are willing to pay a price and enter into terms that are consistent with the market.
2. Confidentiality
You enter into an agreement to keep confidential all of the information we provide to you on businesses we discuss.
3. Background Information
You provide us with information on your background such as a resume and financial capacity so we can show you businesses that meet your needs and are within your financial capacity to purchase.
See "Business Listings".
4. Review Businesses
You discuss businesses with an associate to determine which ones interest you. The associate provides you with information on the ones you select.
5. Meet The Owner
You meet the owner to ask more detailed questions, see the facility and explain your background and interest in the business.
6. Make An Offer
You write, with our assistance an offer to purchase the business you like. There are contingencies such as due diligence and obtaining financing which must be met before your offer is binding. Normally a deposit is put in escrow with your attorney to show good faith.
7. Present Offer
We present your offer to the seller along with your background and financial information. We also explain the terms and conditions along with your reasons for the various terms and conditions.
8. Acceptance Or Counter Offer
The seller may accept the offer as written or may change some of the terms which would result in a counter offer.
9. Mutual Acceptance
When both the buyer and seller agree to all of the terms and conditions there is a bi-lateral agreement.
10. Financial Due Diligence
Buyer or buyers accountant examines the financial records of the company.
11. Contingencies Are Removed
Once the buyer has removed the remaining contingencies the agreement is binding.
12. Closing Documents
Your attorney in conjunction with the sellers attorney prepare the closing documents along with the lease assignment and a verification that there are no liens on the business.
13. Inventory
Buyer and seller conduct an inventory to determine what is being received.
14. Closing
All parties meet to sign papers and exchange funds.
15. Training
The seller usually works with the buyer for a pre-determined amount of time at no cost to the buyer to assist in the transition of the business.
Exclusive Buyer Brokerage Agreement
If you have special needs, have not found what you are looking for in the businesses currently for sale or would like us to do a search exclusively for you we can assist you in finding a business under our
"Exclusive Buyer Brokerage Agreement". This search would involve doing an individualized search for you of businesses not on the market as well as those currently available. Good businesses go fast. Being the first to evaluate and make an offer on a business can be a major advantage.
At Business-USA, we respect buyers!
- Are you weary of trying to contact many brokers and
business owners directly?
- Tired of not getting your calls and e-mails returned?
- Discouraged by your inability to get solid information on
business listings?
We can help. Thanks to our many networks locally and across the
country, we can work with most brokers. Let us simplify the
complexity and expedite the process for you.
We can assist you with our "Exclusive Buyer Brokerage
Agreement", providing invaluable expertise in your business
search, business assessment process, financing, negotiation and
closing activities. Or we can assist you with what is already on the
market.
- Do you need a Targeted Search for businesses that may not
even be listed for sale?
- Do you need help working with Business Owners trying to
sell without a Broker?
- Do you need Professional Opinions of market value for
options you are trying to evaluate?
Contact us today to discuss your requirements. At Business-USA, we are licensed, experienced, and ethical. We
specialize in a full range of business transfer services. We look
forward to helping you find that "perfect fit" in a business.
Buyer's Frequently Asked Questions
FAQ
Business-USA, Inc.
277 Royal Poinciana Way, Suite 212 | Palm Beach, FL 33480
Phone: 772-285-0459 | Fax: 772-335-4152 | info@business-usa.net Contact Us: Buyers | Sellers | General Info
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