A business sale is a complicated process involving many steps. When the process is not professionally managed, the risk of a deal falling apart increases dramatically. Confidentiality may be breached, your buyer may be unable to acquire financing at the last minute, or highly charged emotions may result in an irreparable breakdown in negotiations. These are just a few of the problems that may arise.
Our business sale process is designed to facilitate the sale, not make it more complex.
Contact Business Finders Edmonton today so you can visit our office or schedule a phone conversation with one of our Business Brokers. Together we can discuss your business goals, determine your buying criteria, and if you’re a first-time buyer, explore the possibilities of owning your own business.
Our Business Brokers can help you determine your perfect deal. Through a simple interview process, we work to understand your business goals and match your interests with businesses we have listed for sale. Part of our commitment to our Sellers is to help ensure you are qualified and have the financial resources and experience to purchase the businesses you may be interested in.
Before any information is given out concerning businesses listed through Business Finders Edmonton, a Buyer will need to sign a Confidentiality Agreement. This agreement helps ensure our client's best interests are looked after. After this agreement has been signed, our Business Broker may share the confidential business information concerning sales price, cash flow, tax returns, employee data, annual sales, profit and loss statements, leases, business location(s) and much more.
It is important for you to meet the current owner as well as see the business for yourself. We will coordinate meetings with sellers, and at the appropriate time, schedule a private tour of the business. Meetings with sellers can occur at our office, at the business, or at a neutral location. This gives the Buyer ample opportunity to ask anything they wish of the Seller regarding the information that has been presented as well as any other questions they may have regarding the business operations.
Once you decide to make an offer, we will assist you in identifying conditions and contingencies the offer should include. Our Business Brokers coordinate and communicate all negotiations between buyers and sellers until both parties agree on the final terms of the purchase.
Business Finders Edmonton can assist you in looking for financing to buy a business. Our business brokers are with you every step of the way. The Buyer will typically need to supply 30 - 35% of the purchase price, with the rest of the purchase price available from lenders.
Once financing is secured, a mutually agreed upon date and location for the closing are determined. Our team will work closely with the Buyer and Seller legal and financial representatives to prepare the closing documents. The Buyer & Seller will meet and sign the appropriate documents, at which time the transfer of ownership occurs!