Buying a Business

Buying a business can be a difficult process.  Not only are you dealing with the seller but you may also be dealing with other unknown parties such as landlords, property management companies, lenders, accountants, attorneys, franchisors, business brokers, escrow companies, and other  engaged parties — not to mention your own family and friends who have the best free advice with the best of intentions...so it can be a jungle out there. 

If you’re just starting out on the journey of finding a business to buy, I am available as a consultant to go over the many variables and provide a resource to explain each step of the buying process and what the appropriate steps are.   

If you have found a specific listing you would like more details about, the legal contract that is in place between the seller and the Listing Agent requires the buyer to supply some personal and financial information before a seller’s confidential business and financial information is disclosed. The buyers personal and financial information is also kept confidentially.  This information allows the seller to understand your financial qualifications and if the seller has requested it, check your references.

 To do this in the most time effective manner we have created a Non Disclosure Agreement (NDA), (also called a Confidentiality Agreement) that needs to be completed, signed, and returned to us.  This NDA can be emailed or faxed to you or to download it, click here. 

If you have preliminary questions you would like answered before completing the NDA, please call our office and we will provide as much general information as possible.  However, confidential next steps about the listed business cannot be disclosed until the NDA is returned.  Once our office receives this we will call and discuss the business with you and an email will be sent to you with a username and password so you can review the confidential information about the business such as specific location, profit and loss statements, lease, and other necessary information.  If you are still interested in the business, we will schedule a face- to-face meeting with you and our office so we can go over more details.  If the opportunity makes sense and you would like to continue, we will then arrange a meeting with you and the seller so more in depth questions can be asked. 

To see our businesses for sale, please click here. 

If you would like some more information about buying a business, the following articles may be of interest to you. 

     1. Ten reasons to use a Business Intermediary when buying a business

     2. Seven steps to successfully buying a business

     3. Guide to buying a business

     4. The many steps to buying a business