Process: Buying a Business

  1. Interview / Needs Assessment. Share business requirements with broker
  2. Sign NDA (non-disclosure agreement) & complete Buyer Registration
  3. Provide Proof of Funds. A screenshot or copy of the bank statement showing available balance for a down payment (cross out account numbers).
  4. Review business confidential Fact Sheets/offering memorandums
  5. Conference Call or Meeting with Seller. Prepare questions / agenda
  6. Make an Offer with a fully refundable deposit.
  7. Due Diligence
  8. Purchase Agreement / Closing
  9. Training

Please read our blog on How To Buy a Business for additional tips.