Process of Buying a Business

1
initial exploration of businesses for sale

Initial Exploration

  • Complete the NDA, and Financial Disclosure Form
  • Initial Conversation with Broker About Business and Buyer’s Background
  • Review the CBR
  • Discuss Next Steps
2
business broker and buyer meeting

Broker/Buyer Meeting

  • Review Buyer Powerpoint
  • Review Financing Options
  • Confirm Family Support
  • Complete Buyer Profile Form
3
buyer-seller meeting schedule

Buyer / Seller Meeting

  • Review Agenda
  • Arrange Time/Location
  • Establish Expectations
  • Seller Interview
4
submitting an offer to purchase a business

offer to purchase

  • Present Final Financing Plan
  • Engage Advisors – Attorney, Accountant, Financial Advisor
  • Make Offer on Business with EMD
  • Negotiations
5
business transaction contract

Under contract / closing process

  • Weekly Communications Plan
  • Due Diligence Requests
  • Financial/Lender Requests
  • Legal – Closing Documentation Preparation
6
sale of business

Sold/Transition

  • Final Paperwork Preparation/Review
  • Announcements: Employees, Vendors, Customers
  • Transition: Training, Introductions, Transition Accounts & Relationships