Buying a Business
We successfully help all types of buyers both domestic and international from the first-time business buyer to the seasoned entrepreneur. We even work with mergers and acquisition departments of larger companies and private equity groups to find businesses that meet their needs.
We assist you with the entire process including finding the right business for you, helping negotiate the terms of purchase, facilitating the due diligence process, negotiating leases or buying the commercial real estate, and assisting to develop the transition strategies.
If you are ready to explore what lucrative and rewarding experiences exist for you, email Bianca@tworld.com or click below and we will be back in touch.
How the Business Buying Process Works
- We have a confidential conversation. Either in person or over the phone, we discuss what businesses might be right for you and your expectations. Once we have a better understanding of what you might be looking for, we can leverage our contacts to find opportunities worth considering. Sometimes we bring businesses forward that have not yet hit the market. In all cases, its best that you complete a buyer profile to begin the process. If you see any businesses for sale you would like to learn more about, we can begin the process to learn more
- Finding the right business to buy. Once we have reviewed one or more businesses together, we narrow your selection and advise to ensure you are making a good decision. The business must be right for you. This includes getting non-disclosure agreements between all parties and reviewing preliminary financial information and other details about the business. Our process will help uncover reasons for the sale and how much potential the business has once you own it.
- Make an Offer and Final Price Negotiation. We help you understanding comps and hold your hand for every step on the process to draft an offer.
- Closing Day. As you can imagine there are hundreds of details that need attention before a sale is closed. Our job is to make sure we account for every one of them so that you get the business you expect without any surprises. Our team of lenders, accountants, and attorneys have handled transactions like these many times. You’ll be in good hands.
Frequently Asked Questions
Our fee is paid by the seller. If you are a buyer, there are no fees to you whatsoever.
Once you find a business or businesses for sale that are of interest to you, you will be asked to sign a confidentiality agreement. Most business sellers have the desire to keep the sale of their business confidential, and this document helps confirm that you understand this part of the process. Depending on the size of the business, it is common to be asked to complete a Confidentiality Agreement and financial statement prior to receiving detailed, confidential data on the business.
Once this is complete you will receive additional information to review about the business and an in in person meeting can be arranged if needed.
You will be provided some initial financial information on the business as part of your review. Once there is an executed purchase agreement that is agreed upon by the buyer and seller, a due diligence period typically begins. The due diligence period is the time to ask for detailed records and data you need to confirm your interest in proceeding with the purchase. We recommend that you utilize the services of an accountant and an attorney during this process to help you make the decision if the business is right for you. If you don’t have one, we can certainly make a recommendation.
There are many more questions that you may have related to the purchase of a business, and we are here to help. Click here if you’re ready to get started.