Steps to search and purchase a business
Requirements
Buyer Services
FAQs

Steps to search and purchase a business

1) EVALUATION
You can meet with one of our representatives to evaluate your options directly; however, if this is not possible, for any reason you may have, communicating by telephone or e-mail can be very effective. First, we begin our process by obtaining detailed information about you and your finances to establish your financial capabilities, skills, experience, and your lifetime goals. This information will help us gain your trust and determine the best type of business available for your needs. Once this is completed, you will begin your search using our services.

2) FORMATION
You will feel more comfortable making a decision after you understand what is required to buy a business. We explain the process and help you understand the market.

3)SEARCH
We will help you find a business or company, also to sign the confidentiality agreement, to obtain detailed information about the company, and will organize meetings with the seller.

4) MAKING THE OFFER
We will share with you our experience in dealing with organizations in order to assist you in the buying process of the company you are seeking to buy. We will supply the purchasing agreement to the seller normally with the initial deposit to demonstrate our seriousness.

5) COMPANY ANALISIS
During this period you must inspect in detail the business or the company you are planning to purchase. We coordinate the efforts of lawyers and accountants to solve any contingencies that may arise. If you need to request financing during your application process, it must be approved by the bank or lender in advance.

6) CLOSING
During the final process the lease agreement will be reviewed, we will make any utility transfers, take care of the finances, inventory and make other preparations if needed. The operation should be completed after the documents are notarized, and the payment of the outstanding balance is made.

7) POST-CLOSURE
The transition after the closing may include employee meetings, customer meetings, technical training, upgrading the computer systems, and general knowledge transfer about the company. We will be available to help you with any questions on the post-closure requirements you may have. Additional questions may arise during the purchasing process, do not hesitate to consult us with any questions about the process.

Requirements

RESOURCES
You need to have resources, in order to buy a company; cash, stocks and bonds for example. If you think to finance part of your purchase, it is important that the lender approves your credit.

TIME
The purchase of a company can take from two to four months. If there are employees currently working, it may take longer.

KNOWLEDGE
Most small businesses, in order to be successful, require a hardworking owner. Its curriculum will help our consultants determine whether the implemented skills are sufficient for the businesses success.

MEETING THE SELLER
knowing the seller will help you determine each others compatibility.

Buyer Services

CONSULTING
• Business Plans
• Plans for expansion
• Marketing Plans
• Assistant for the Buyer

EVALUATION
• Refundición estados financieros
• Revise comparable sales
• Actual value of the cash flow

BUSINESS MEETINGS
• Certified intermediary
• Real estate commercial
• The commercial rental

FINANCES
As licensed mortgage brokers specializing in corporate financing, we can advise and assist you structuring the debt if its necessary for the acquisitions and working capital. We have also helped many buyers in the process of obtaining financing through the "Small Business Administration programs" with guaranteed loan approval for the purchase of companies and real estate.

CONFIDENTIALITY
This agreement allows the granting of confidential data about a particular company. It is our commitment not to disclose confidential information to anyone and only negotiate through brokesr.

Frequently asked questions

Do I need a lawyer and an accountant to buy a company?
The purchase or sale of a business can be complicated. While some businesses are sold without the help of accountants and lawyers, we strongly recommend that both buyer and seller are professionals.

What is the cost of the process of buying a business?
The process is usually paid by the seller, not the buyer. However, other expenses should come into play. Legal and accounting fees are usually required and other additional costs may also come into play.

Will the current owner be responsible for the information about the company?
Depending on the complexity of the undertaking, the former owner will need to offer various levels of training. In most cases small business owners will offer training from two to four weeks, at no cost to the new owner.

How do I know that the profit figures presented by the sellers are accurate?
As part of the acquisition process the seller will have to go through a trial period. During this period, the seller is required to submit documents to verify the information provided.

Will I have to pay the full total purchase price?
Not usually, vendors provide financing to the buyer in most cases. Banks usually finance up to 80% of the purchase price through loans guaranteed by the buyers.

What is the total amount of money needed to buy a small business?
Prices vary greatly, but it is unlikely to buy a company without giving at least $60,000 initial payment.