BASIC STEPS & WHAT YOU WILL NEED

BUYER

BASIC STEPS:

Identify A Business / Industry / Location / Price Range
Contact Broker To Receive General Information
Sign A Non-Disclosure Agreement (NDA) Electronically
Receive A Confidential Business Profile
Get Additional Questions Answered By Broker
Broker Will Arrange A Phone Call And/Or Visit With Seller
Broker Helps Buyer With Drafting An Offer
Once Accepted, Broker Opens Escrow, And Earnest Money Deposit Is Due To Escrow
During Escrow, Buyer Completes Due Diligence And Signs Off On Any Contingencies

WHAT YOU WILL NEED:

Proof Of Funds
Good Credit To Qualify For Loan Or Lease If Applicable
Identify Who Will Run The Business And If They Have Industry Experience

Sharp Business Brokers

SELLER

BASIC STEPS:

Business Valuation
Agree On Asking Price With Broker
Broker Advertises Confidentially – No Business Name Or Address
Seller DOES NOT Tell Employees, Customers, Or Vendors
Prospective Buyer Signs A Non-Disclosure Agreement (NDA)
Confidential Business Profile Is Provided To Prospective Buyer(s) After NDA
Visit(s) Can Be Arranged While Maintaining Confidentiality
Broker Schedules Buyer / Seller Meeting With Serious Buyer(s)
Let Broker Handle Any Price Negotiations With Buyer(s)
Buyer Provides A Letter Of Intent (LOI) Or An Asset Purchase Agreement (APA)
Seller Accepts Offer
Broker Opens Escrow And Buyer Sends Earnest Money To Escrow
After Buyer Signs Off On Due Diligence And Contingencies, Escrow Can Close

WHAT YOU WILL NEED:

Business Financials – Preferably Three (3) Years Of Tax Returns, P&Ls, Balance Sheet
Current Value Of Fixtures And Equipment (Approximate)
Approximate Inventory Value (Wholesale Costs)

Certified Business Broker

DRE LIC# 02221795

Sharp Business Brokers

Sharp Business Brokers

Sharp Business Brokers

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Sharp Business Brokers | 7317 El Cajon Blvd. La Mesa, CA 91942 | Direct: (619) 454-1786 | Email: steve@sharpbizbrokers.com