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COMMITMENT
Your commitment to us is to sell your business at a price
and with terms consistent with the marketplace.
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DOCUMENTATION
You provide us with all the necessary documents and data required
to sell your business.
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VALUATION
& PRICING
We analyze your business and suggest a realistic price &
terms, or for a larger business, we recommend a third party
valuation.
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ADVERTISING
We advertise your business and others like it to get the highest
possible response and the greatest numbers of prospects.
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SCREENING
We interview buyers to eliminate those who are unable or not
ready to purchase a business at this time.
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INTRODUCTION
Our Business Intermediary presents your business to qualified
potential purchasers. They discuss the various components
and benefits of the business with the potential buyer.
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MEETING
A possible meeting with you, the potential purchaser and the
VR Business Intermediary is set up, to prove the buyer's interest
and give an opportunity to learn more about the buyer.
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ASSIST
WITH FINANCING
We have many financial resources, including lenders who specialize
in SBA loans or business loans, and we will assist you and
the buyer in determining which method of financing will work
for all parties and lead to a successful closing.
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OFFER TO
PURCHASE
We encourage buyers to write a fair offer accompanied with
an earnest money deposit check.
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PRESENT
OFFER
We will present the offer for purchase to you. At the time,
we can provide with background information on the buyer and
explain the buyers reasoning behind the offer.
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ACCEPT
THE OFFER
You may accept the offer as presented or you may use our knowledge
and experience to structure a counter offer.
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EXPLANATION
We explain the terms and conditions of the offer to you.
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MUTUAL
ACCEPTENCE
At this critical time VR Business Intermediaries use their
training, negotiating skills and expertise to create a mutually
acceptable agreement and it becomes a contingent purchase
and sale agreement.
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INSPECTIONS
Nearly all offers are contingent upon the buyer's inspection
and approval of all aspects of the business operation including
financial records. The handling of due diligence is the most
important step in the process of a successful sale. You will
need to satisfy the buyer that you have all the necessary
licenses and permits necessary to operate the business.
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CONTINGENCY
REMOVAL
The buyer's needs to remove all the contingencies for the
agreement to become a binding offer for purchase and sale.
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LEASE ASSIGNMENT
We work to present the buyers experience and financial qualifications
to the landlord in order to obtain a lease assignment or new
lease.
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NOTE ASSUMPTION
If there are existing equipment lease or loans that the buyer
is to assume, we can work with the lender, closing attorney
or escrow company to transfer those obligations.
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CLOSING
PREPARATION
The closing documents are based on hundreds of prior transactions.
They are tailored to meet the individual needs of you and
your buyer at the time of the sale. They are coordinated by
either an attorney or an escrow company.
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INVENTORY
When applicable, we will assist you in finding professionals
to assist you with the inventory process.
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SUCCESSFUL SALE
We assist
with the many details required for a smooth transfer of
possession. All parties then sign the final agreement,
the business is transferred and funds are distributed.
