HOW TO BUY A BUSINESS
FROM A GENUINE VENDOR
THAT IS READY TO SELL
WHAT SHOULD A BUYER PREPARE WHEN THEY START LOOKING?
Buying a business is just like applying for a job. By having your credentials ready to go, you can shave weeks of the time it takes to reach the settlement date.
The landlord will want to know you are a safe bet. A business plan summary, resume, written referrals and an asset and liability statement, will help to ensure you are the successful buyer.
If you arrange your finance pre-approval when you start looking for a business, it means that you can move on a deal quickly, when that right business comes along.
It can also help when you are negotiating with a buyer, as it is one less condition that you require. A buyer will favor your offer over over offers if it is "not subject to finance"
WHAT MAKES A MYBIZSALE SELLER DIFFERENT?
We have worked with the seller extensively for weeks on end, before their business is listed for sale to make sure that they have prepared and organised the right information that we know any reasonable buyer would want to see.
Seller's that don't use a broker, often just don't where to start, or what happens next through the various stages
of the sales process.
Our sellers have a complete business sales process to follow, that is designed to create a win/win outcome, and they have full access to advice from a business broker anytime they need.
Our mission is to help sellers and buyers achieve a mutually beneficial business sale in a timely and structured process.
WHAT SHOULD A BUYER
Simply enquire on the business for sale and complete the 10 second online confidentiality agreement
REVIEW THE IM
Once you have completed the CA, you will recieve the information memorandum on the business. Review, and decide if you would like to know more
SPEAK WITH THE OWNER
Give the owner a call to ask any initial questions you may have about the business based on the information memorandum
REQUEST FURTHER INFORMATION
A MYBIZSALE seller has prepared more essential information and supporting documents for you to review.
Once you are satisfied with the sellers information, you need to know if your offer will be accepted.
AGREED ON PRICE
The seller will confirm with you the price and the key terms of sale using our term sheet template. Congratulations!