|
COMMITMENT
Your commitment to us is to sell your business at a price and
with terms consistent with the marketplace.
DOCUMENTATION
You provide us with all the necessary documents and data required
to sell your business.
VALUATION & PRICING
We analyze your business and suggest a realistic price and terms
or, for a larger business, we recommend a third-party valuation.
ADVERTISING
We advertise your business and others like it to get the highest
possible response and greatest number of prospects.
SCREENING
We interview buyers to eliminate those who are unable or not ready
to purchase a business at this time.
INTRODUCTION
Our Business Intermediary presents your business to qualified
potential purchasers. They discuss the various components and
benefits of the business with the potential buyer.
MEETING
A possible meeting with you, the potential purchaser and the VR
Business Intermediary is set up to prove the buyer's interest
and offer an opportunity to learn more about the buyer.
ASSIST WITH FINANCING
We have many financial resources, including lenders who specialize
in SBA loans or business loans, to call on as we assist you and the
buyer in determining which method of financing will work for all
parties and lead to a successful closing.
OFFER TO PURCHASE
We encourage buyers to write a fair offer, accompanied with an
earnest money deposit check.
PRESENT OFFER
We will present the offer for purchase to you. At that time, we
can provide background information on the buyer and explain
the buyer's reasoning behind the offer.
ACCEPT THE OFFER
You may accept the offer as presented or use our knowledge
and experience to structure a counter-offer.
EXPLANATION
We explain the terms and conditions of the offer to you.
MUTUAL ACCEPTANCE
At this critical time, VR Business Intermediaries use their training,
negotiating skills and expertise to create a mutually acceptable
agreement. It then becomes a contingent Purchase and Sale
Agreement.
INSPECTIONS
Nearly all offers are contingent upon the buyer's inspection and
approval of all aspects of the business operation, including financial
records. The handling of due diligence is the most important step
in the process of a successful sale. You will need to satisfy
the buyer that you have all the necessary licenses and permits
necessary to operate the business.
CONTINGENCY REMOVAL
The buyer's needs to remove all the contingencies for the agreement
to become a binding offer for purchase and sale.
LEASE ASSIGNMENT
We work to present the buyer's experience and financial qualifications
to the landlord in order to obtain either a lease assignment or new lease.
NOTE ASSUMPTION
If there are existing equipment leases or loans that the buyer
is to assume, we can work with the lender, closing attorney or
escrow company to transfer those obligations.
CLOSING PREPARATION
The closing documents are based on hundreds of prior transactions.
They are tailored to meet the individual needs of both the buyer
and you at the time of the sale. They are coordinated by either
an attorney or an escrow company.
INVENTORY
When applicable, we will assist you in finding professionals to
assist with the inventory process.
A SUCCESSFUL SALE
We assist with the many details required for a smooth transfer
of possession. All parties then sign the final agreement, the
business is transferred and funds are distributed.
Contact
us for more information.
|
|
|
