The flowchart below indicates the general process for buying a business.
Meet with Broker. Buyer interview for needs, motivation and capability. B-1
Review General Information about Business(es) B-2
Buyer Views the Business anonymously or Buyer/Seller Mtg.
Buyer Views the Business anonymously or Buyer/Seller Mtg.
Seller Accepts or Makes a Counter Offer With Contingencies
Agreement Signed
by Buyer
and Seller
B-1
Buyer completes Confidentiality Agreement, Agency Disclosure Statement, Buyer Profile, and Summary Financial Information
Buyer demonstrates credit and related business experience.
B-2
Buyer signs Memo Record of Showing
Buyer receives Business Summary Information
Summary Financial Data
B-3
YTD Financials
3 yrs Tax Returns
Sales Tax Reports
Asset List
Employee Summary
Leases to be assumed
Receivables Aging Rpt.
Seller Disclosure
Liabilities to be assumed
Customer Concentration Report
Certificate of Good Standing
B-4
DBA Release
Customer Lists
Vendor Lists
Lease Assignment
Non-Compete Agreement
Title to Assets
Buyer Services Acknowledgement
Information and Documents required to effect closing
S-1
Proof of Down-Payment
Buyer Disclosures
Buyer Credit Report
Buyer Detailed Financials (if seller is financing)
Due Diligence
Buyer Proves Financial Ability
B-3 S-1
Buyer Contingency Removal Open Escrow
Contract & CLOSING B-4
Training and Transition Period
If the buyer or seller terminates the process, the buyer must return all information to Associate Equity Business Sales & Acquisitions. Refer to Confidentiality Agreement for specific requirements.
All offers are contingent upon buyer review and approval of due diligence results, at the sole judgment of the buyer.
Associate Equity Business Sales & Acquisitions • A SUNBELT® Network Affiliate
5525 MacArthur Blvd., Suite 560, Irving, TX 75038 • 972-751-0700 (Dallas Area) • 817-222-1700 (Ft. Worth)
