A. Phase 1 (Initial Review)
- Review Business Outline
- Provide qualifying information (operational & investment experience, resources)
- Sign Confidentiality Agreement / Non Disclosure Agreement
B. Phase 2 (In-Depth Analysis)
- Review Confidential Memorandum / Prospectus
- Consult with own CA / attorney for value determination (if applicable)
- Perform local industry analysis / comparison
- Confirm Asking Price & Terms with personal investment objectives
C. Phase 3 (Buyer Offer)
- Draft non-binding Letter of Intent (LOI)
- Meet with business owner offsite, discuss business operations, personal introduction
- Visit business location during off-hours
- Negotiation and acceptance of LOI
D. Phase 4 (Due Diligence)
- Prepare due diligence with buyer questions
- Obtain financing ( we can assist )
- Set closing date for final transfer
- Sign off on LOI
E. Phase 5 (Legal / Accounting)
- Legal Counsel prepares the Definitive Purchase Agreement
- Closing