Are you ready to start the process of buying a business?
How Do I Buy a Business?
- Meet with a CBI Intermediary for a no obligation consultation
- Provide Buyer Documentation
- Review multiple business profiles
- Buyer and Seller meet each other
- Write contingent Letter of Intent (LOI)
- Perform due diligence
- Closing attorney prepares closing documents
- Close transaction
Advantages of Buying an Existing Business
- Actual results rather than pro forma.
- Immediate cash flow.
- Trained employees in place.
- Established suppliers and credit.
- Established customers and referral business.
- Existing licenses and permits.
- Training by the seller.
- The availability of owner financing.
*Note: Remember, ultimately the success or failure of the business is the owner’s responsibility, and there is no “perfect” business, so buyers must be flexible.
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