Austin Business Broker
Businesses for sale in Austin TX

2) Once we have learned about your wants, needs and abilities, we can discuss, in general, opportunities we have that match what you are looking for in a business.

3) If one of our listings appears to be a match, you will complete a Buyer Confidentiality Agreement. We will then discuss with you in person the specific business opportunity and provide you with a confidential Business Portfolio that will include the name of the business, its location, appropriate financial information, and other information that will help you decide if this business will remain a candidate for purchase.

4) If after reviewing the Business Portfolio, you do not eliminate the business from consideration, we will schedule a personal tour of the business with you. This will allow you to see the operation from the inside and gain a more complete perspective about the opportunities the business offers. At this point, or shortly thereafter, you will decide whether or not to make a purchase offer for the business.

5) We help you prepare a Purchase Offer for the business and we present the offer to the Seller.

The Seller must a) Accept your offer, b) Reject your offer or c) respond with a Counteroffer. If a signed agreement can be negotiated by you and the Seller, you move to step 6. If no agreement can be reached, we can discuss other opportunities with you.

6) You perform Due Diligence. This may involve your accountant, attorney, and/or other outside advisers and is normally a 15-45 day period depending on the contingencies in the offer. The purpose of Due Diligence is to verify what you already believe - that the business at hand will provide what you are looking for in a business ownership opportunity.

This will include verifying the "numbers", taking a closer look at the operation, asking questions of the Seller, consulting with whomever you seek advice from, and verifying that there are not outside factors that will prevent the deal from reaching conclusion.

7) During Due Diligence, we help facilitate the removal of all "contingencies" from the offer. For example, your offer will be contingent on the Seller's Landlord agreeing to allow the lease to be assigned to you, or allowing a new lease to be signed with terms and conditions outlined in your offer. This is something we, as the Business Broker, will work on to ensure the deal can happen.

If this cannot be accomplished, you do not have to move forward with the sale.

There will be other contingencies, as negotiated between you and the Seller in the Purchase Offer, such as your acceptance and approval of the Seller's business financials. Once all contingencies are removed, the deal moves to closing.

8) We attend the closing with you and the Seller and help make sure the sale reaches final conclusion.

Of course there is a great deal more to purchasing a business than what is outlined above. This is intended to be an overview of what to expect. If business ownership is in your future, we would like to help make it happen. Contact Us today to get started.