BUYING A BUSINESS?
Buying a business can be a complicated procedure, from finding the right one to negotiating terms, and working out all the details required for a smooth transfer of ownership.
Voyage Business Brokers has been helping Business Buyers and Sellers navigate the Residential, Commercial and Business sale process for over 16 years. We have different types of Residential, Commercial and Businesses for sale across price ranges, industry, and location.
IDENTIFYING YOUR STRENGTHS AND INTERESTS
The first step is to identify your strengths, interests, and financial capabilities to buy a business. This will help you in for sale might be of interest. Next, you can view our businesses for sale.
FILL OUT AN NDA ONLINE
When you have found a business, you would like to get more information on, please contact us about the listing of interest. Once you have filled out the NDA and Buyer Registration Information, our Broker’s will assist in any way possible to help you acquire the business. Please keep in mind confidentiality is essential to all the sellers that we negotiate with, and they want to limit providing information to people that are not financially qualified to buy their business.
MAKING AN OFFER
After you understand your financing options and speak with the owner of the business to get your questions answered, it is time to think about whether you want to make an offer for the company. A Voyage Business Brokers can help you to draft a letter of intent that outlines the price and terms that you are proposing.
Once you sign the letter of intent, the business owner will review it and see if it is acceptable or if they will make a counteroffer. If the offer is not in the ballpark, sometimes the owner will decline the offer without making a counteroffer. If you are serious about the business, its best to make an offer that is reasonable for it to be considered.
If the terms of an offer letter are agreeable, then both parties will sign it, and the next phase is to move to due diligence. You will verify some more information about the business, including financial information, to determine whether to move to the next step, which is to have an attorney negotiate a purchase and sale agreement.
When the attorneys finish negotiating, it’s time to set a closing date and start to begin the next chapter in ownership of your new business. Not to worry, the seller typically helps the buyer to learn the business, including their customers, employees, products, and services, etc.
For your confidential consultation, please email us at firstname.lastname@example.org or call us at (303) 290-7449. To provide us with some information before our phone call, please fill out our quick Contact form. We look forward to hearing from you.