Process: Buying a Business

  1. Interview / Needs Assessment. Share business requirements with broker
  2. Sign NDA (non-disclosure agreement) & complete Buyer Registration
  3. Review business Fact Sheets / offering memorandums
  4. Provide Proof of Funds prior to a conference call / onsite meeting with seller. A screen shot or copy of bank statement with available balance for down payment (cross out account numbers)
  5. Conference Call or Meeting with Seller. Prepare questions / agenda
  6. Make Offer with 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.