COMMITMENT
Your commitment to us is to sell your business at a price and with terms consistent with the marketplace.
DOCUMENTATION
You provide us with all the necessary documents and data required to sell your business.
VALUATION & PRICING
We analyze your business and suggest a realistic price and terms or for a larger business, we recommend a third-party valuation.
ADVERTISING
We aggressively, but confidentially, advertise your business and others like it to get the highest possible response and the greatest number of prospects.
SCREENING
We interview buyers to professionally and financially qualify prospects and to eliminate those who are unable or unwilling to purchase a business at this time.
INTRODUCTION
Our business intermediaries present your business to qualified potential purchasers. They discuss the various components and benefits of the business with the potential buyer. You are asked to do what you do best: run your business.
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 you an opportunity to learn more about the buyer. You will never meet a buyer without the accompaniment of a VR business intermediary.
ASSISTANCE WITH FINANCING OPTIONS
We have many financial resources, including lenders who specialize in SBA or commercial 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.
OFFER TO PURCHASE
We encourage buyers to write a fair offer accompanied by an earnest money deposit check.
PRESENT OFFER
We will present the offer for purchase to you. At the time, we can provide you with background information on the buyer and explain the buyer’s reasoning behind the offer.
REVIEWING THE OFFER
You may accept the offer as presented or you may use our knowledge and experience to structure a counter offer.
EXPLANATION
We explain the terms and conditions of the offer to you.
MUTUAL ACCEPTANCE
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.
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.
CONTINGENCY REMOVAL
The buyers remove all the contingencies for the agreement to become a binding offer for purchase and sale.
LEASE ASSIGNMENT
We work to present the buyer’s experience and financial qualifications to the landlord in order to obtain a lease assignment or new lease.
NOTE ASSUMPTION
If there are existing equipment leases or loans that the buyer is to assume, we can work with the lender, closing attorney or escrow company to transfer those obligations.
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.
INVENTORY
When applicable, we will assist you in finding professionals to assist you with the inventory process.
A SUCCESSFUL SALE
We assist with the many details required for a smooth transfer of possessions. All parties then sign the final agreement, the business is transferred and funds are distributed.