Start the Process Now....When you are considering one of the most important decisions in your life, “Selling Your Business,” contact VR Business Brokers for Valued Representation. We will guide you through the Selling Process.
Commitment: Your commitment to us to sell your business at a price and terms consistent with the marketplace.
You provide us with all the necessary documents and data to sell your business.
Valuation and Pricing: We analyze your business and your financial documents in order to suggest a realistic price and reasonable terms, or for a larger business, we recommend a third party valuation.
Advertising and Marketing: We advertise and market your business to get the highest possible response and the greatest number of prospects.
Buyer Qualification: We screen all perspective buyers in order to eliminate those who are unable or not ready to acquire your company. All prospective buyers must sign a Non-Disclosure Agreement, complete a Buyer Profile, and demonstrate financial capability prior to receiving detailed information on your company.
Introduction: Your VR Business Intermediary presents your business to qualified potential buyers. They discuss the various components and benefits of your business with the potential buyer.
Meeting: A possible meeting with you, the potential buyer and your VR Business Intermediary is organized to demonstrate the buyer’s interest in your business and to give you an opportunity to learn more about the buyer.
Offer to Purchase: We encourage buyers to write a fair offer accompanied with an earnest money deposit.
Present the Offer: We will present the offer for purchase to you. At this time, we can provide you with the background information on the buyer and explain the buyers reasoning behind the offer.
Offer Acceptance or Counter Offer: You may accept the offer as it is written, or with our assistance, create a counter offer or reject the offer entirely.
Mutual Acceptance: When all parties agree to the terms and conditions of the sale, and sign all counter offers and amendments, the offer becomes a contingent Purchase Agreement.
Assist with Financing: We have many financial resources, including lenders who specialize in business loans. We will assist you and the buyer in determining which method of financing will work for all parties and lead to a successful closing.
Due Diligence: 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 process is the most crucial step in the selling process as it verifies to the buyer that they are indeed acquiring what they believe has been offered for sale.
Contingency Removal: The buyer removes the contingencies for the agreement to become a binding offer for purchase and sale.
Escrow: Your VR Intermediary will send the Purchase Agreement and other documents to the escrow representative who then drafts the escrow documents.
Lease Assignment: We work to present the buyer’s experience and financial qualifications to the landlord in order to obtain a lease assignment or a new lease satisfactory to the buyer.
Note and Lien, Search, Clearance or Assumption: If there are existing loans, liens or equipment leases that the buyer is to assume, we can work with the lender, leasing company, legal or escrow representative to transfer those obligations.
Inventory: Arrangements are made for you and the seller to count and price the inventory if it applies to the business that is being sold.
Closing: We assist you with the many details required for a smooth transfer of possession. All parties then sign the final agreement where the business is transferred and funds are disbursed.