Buying Process

process to buy a business

VR Business Brokers in Charlotte, NC uses a proven process to help buyers find their ideal opportunities.

If you’re ready to begin the buying process, review the step-by-step buying process followed by the team of professionals at VR Business Brokers of Charlotte.

Commitment to Purchase

You commit to purchase a business at the price and terms consistent with the marketplace that matches your needs and abilities.

Non-Disclosure Agreement

You sign an agreement promising to maintain confidentiality for all the information provided to you on the businesses we discuss.

Background Information

You provide us with information about yourself such as a buyer profile and financial statement. The more we know about you, the more likely we can find a business you will like. The more information we provide the seller, the better the terms he or she will consider.

Review Options

Together we discuss and review various types of businesses and select some that may appeal to you.

Introduction to Businesses of Interest

We introduce you to the businesses you are interested in and discuss the important factors of each.

Background Information Provided to Seller

We provide the seller with information regarding your background, financial wherewithal, and professional experience. Favorable background information about you will result in favorable consideration of your offer.

Meeting Between Buyer & Seller

A meeting between you, the seller, and your intermediary from VR Charlotte may take place. This meeting gives you the opportunity to ask questions about how the business operates and to describe your qualifications to the seller.

Writing an Offer to Purchase

With our assistance, you write an offer to purchase the business. A refundable, earnest money deposit will be required to demonstrate your seriousness to the seller.

Explanation of Terms & Conditions

We carefully explain the terms and conditions of the offer to the seller and decision makers.

Removal of Contingencies

All offers contain contingencies that must be removed before the contract is binding. Typical contingencies include your inspection of the books and records, the assumption of the lease, and attainment of proper financing.

Acceptance or Counteroffer

The seller accepts the offer to purchase as presented or writes a counteroffer.

Mutual Acceptance Between Buyer & Seller

When buyer and seller agree to all terms and conditions of the sale, the offer becomes a Purchase and Sale Agreement.

Due Diligence

You meet with the seller to examine the financial records. Any questions you have are resolved at this time. We work with the landlord to get an assignment of the current lease for you. Trusted advisors including your CPA, bank and attorney may become more involved.

Open Escrow/Closing Attorney

We provide all documents to the transferring agent or attorneys so they can prepare the closing documents. They make arrangements to assign any notes or equipment leases.

Inventory Pricing

Arrangements are made for you and the seller to count and price the inventory (if required).

Closing

Signing of the final closing documents may be done in person or remotely in conjunction with the attorneys working on the transaction.

Find Your Ideal Business Opportunity!

Begin your search for the ideal business opportunity by browsing VR Business Brokers of Charlotte’s businesses for sale.

Browse Listings