The following summarizes the key elements of the business acquisition process as professionally conducted by your Corporate Investment Business Broker.
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The vast majority of all business buyers are first time buyers, unprepared to meet the complexities of a business acquisition. However, whether you are considering your first acquisition or are a seasoned investor, you can look to Corporate Investment Business Brokerage for assistance in every phase of the transaction.
Initial Meeting - Objectives, Needs and Requirements Review
In preparation for this initial meeting with your Corporate Investment Business Broker, our Broker will send an email to you asking for your personal goals and objectives. This will provide an adequate starting point to begin a detailed search of Corporate Investment's listing inventory, and what is in the pipeline in order to develop a selection of "target" businesses for your review.
Review of Acquisition Alternatives
This is where Corporate Investment's professional edge can really make a difference in a successful acquisition. We will make every effort to provide you with pertinent information on a target company's financial performance, staffing, facilities, equipment, lease, inventory, customers and market areas served. In most cases we will have tax returns, customer lists, etc. for confirmation. Where we cannot provide verification of information given to us, we will advise you accordingly.
Before the various business names are disclosed, you will then be required to sign a standard Confidentiality and Non Disclosure Form, and in most cases, this is required by the business owner.
On Location Visit
Arrangements will be made to visit the target business(es), normally, at a time that will not disrupt operations, in order to maintain confidentiality.
At this meeting with the business owner, the potential buyer can not only see the business in operation but also ask detailed questions regarding the operation of the business.
Purchase and Sale Agreement
Corporate Investment Business Brokerage provides a standard Purchase and Sale Agreement that covers the necessary elements of a business sale. The basic Agreement provides important contingencies to protect both Buyer and Seller. Following is a Brief Description:
Books and Records Review: The Agreement specifically calls for a complete review (due diligence) of all company records by Buyer and/or Buyer's agent, CPA or accountant. The Buyer must approve, in writing, the records of the company before proceeding toward a closing.
Lease: The Agreement specifies that the leasehold rights will be assigned, or a new lease developed, in the exact manner as requested by the buyer.
Equipment and Fixtures: The Agreement specifies that all equipment and fixtures will be in working order and free of liens at the time of closing.
Inventory: The Agreement specifies that all inventory included in the sale is saleable and consists of the necessary quantity and quality to conduct the business in the usual manner.
Training and Counsel: The Agreement provides for training and consultation, at no charge, by the seller for the buyer's benefit.
Please contact us for a no obligation, confidential introduction to our services.
Thank You for Choosing Corporate Investment Business Brokerage! And Please SUPPORT your local business whenever possible!!!
