-
COMMITMENT: You make a commitment to purchase a business at a price and terms consistent with the reality of the marketplace.
-
NON-DISCLOSURE: You sign an agreement to maintain absolute confidentiality concerning information provided to you on the businesses we discuss.
-
BACKGROUND INFO: You provide us with background information such as financial resume. We review various types of businesses, selecting some in the fields that suit you best and that appeal to you.
-
SHOWING: Associates show you selected businesses, discussing at length the features of each.
-
MEETING: We meet with you and the current owner so that specific questions about the business can be addressed.
-
OFFER TO PURCHASE: With our assistance, using our Earnest Money Agreement form, you write an offer to purchase. This offer is contingent upon your inspection of the business’s financial records, and is not binding until all contingencies are removed.
-
OFFER PRESENTED: We present you offer to the Seller. We give the Seller background information on you. Your previous experience and you point of view on how you arrived at your price, terms and conditions.
-
OFFER RESPONSE: Seller accepts the offer as written, or writes a counter offer. We notify you of the Seller’s acceptance or counter offer.
-
MUTUAL ACCEPTANCE: When both parties agree to all the terms and conditions of the sale and sign all amendments and counter offers, it then becomes a Purchase Agreement.
-
INSPECTION: You meet with the Seller at our office or the seller’s place of business to inspect the Seller’s financial records.
-
CONTINGENCY REMOVAL: As your requirements are met, you remove all existing contingencies in the Purchase Agreement. It is now a binding agreement.
-
CONSENT TO ASSIGN: Landlord agrees in writing, with a signed notary, to assign the lease to you.
-
OPEN ESCROW: We provide the escrow attorney with copies of the offer to purchase agreement and other necessary documents.
-
APPOINTMENT SET: An appointment is set for signing all the closing documents at the Escrow attorney’s Office.
-
INVENTORY: Arrangements are made for you and the seller to take inventory if it applies to the ownership of the business.
-
CLOSING: All parties meet at the escrow attorney’s office to sign the closing documents.
