Our Services for Business Buyers

We offer full Valued Representation for our buyers. The key to understanding our service is to understand the process and what you as a buyer need to be prepared to commitment to. It is a demanding process on both sides and this outline is meant to educate our buyers in "nuts and bolts" of buying a business. How do you buy a business?

Now that you have decided that you want to buy an existing business along with its existing cash flow you need to know how to do it.

Overview of the VR buying process:

  1. Getting Started/Choosing a Business: Questions and more questions
  2. Defining the search
  3. Focusing on a few: Digging Deeper
  4. The Business Profile: The Facts, & More
  5. The Business: Face to Face
  6. Making An Offer
  7. What's the Right Price?
  8. The Offer: Terms, Contingencies & Conditions
  9. Escrow & Closing
  10. You're In Business

Choosing a Business:

When you buy a business you will want to make sure that you choose a business that is right for you.

Ask yourself key questions to help you decide what kind of business would fit your needs and abilities:

  • What are your strengths/weaknesses? What is your past experience?
  • What is your motivation for owning a business?
  • How much money do you have set aside for a down payment?
  • Will you qualify for a Small Business Loan should you need to apply?
  • What are your income needs?
  • How many hours do you want to work?
  • How far from home are you willing to commute to get to the business?

Knowing the answers to these questions in advance will make your search easier and less time consuming.

For example, if you know your maximum down payment you can figure out what the maximum loan you will be able to take out and therefore your budget for purchasing a business, thus eliminating time wasted looking at businesses out of your price range.

Finding the Business:

Now that you have decided what type of business you are looking for here comes the fun part! There are many places that you will find business for sale listings.

Once you have found a business that is intriguing to you and which fits your criteria, you will need to sign a Nondisclosure Agreement stating that you will respect the confidentiality of the seller and not disclose any information about the business sale.

You may look at several businesses before you find the right one. Buying a business takes time and you will need to stay organized!
                                    
Offer To Purchase:

When you have found a business that works for you, you will need to write an Offer To Purchase. The Purchase Offer will be presented to the seller of the company. If the offer is accepted you will begin the Due Diligence period.

Due Diligence:

During the Due Diligence period you will have the opportunity to take a close look at the financials and the operations of the business. You will be guided through making sure that all the books and records are acceptable to you. At the end of the Due Diligence period the transaction will close and you will be the new owner of an existing business with existing cash flow!