Business Buying Process:

Understanding the key steps in acquiring a business is crucial for a successful and seamless transaction.

1.Determine What is Important to You

What are your goals and most important factors like location, Industry, etc. What size and structure? What skills and experience do you have that will help you succeed in the business.

2.Meet With John

We begin the process by establishing your financial capabilities, skills, experience, and your personal goals to determine the best types of business. We can meet on Zoom or on a conference call if distance is an issue.

Need personalized guidance? Contact us today to schedule a consultation with John A. Diaz, P.A and start your journey toward buying the right business for you!

3. Disclosures

You must sign a confidentiality agreement promising to maintain confidentiality for all the information provided.

4. Education

We will go over online forms to search for business listings and go over the basic valuation.

5. Search

We will help you search for your business and get the detailed information on the business.

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6. Meeting with the Owner

We will set up a meeting with you, the seller, and us. This will be an opportunity to ask questions and present yourself and your background and history to the seller.

7. Offer

We will help draft a contingent offer, A purchase and sale agreement will be presented to the seller with a deposit of good faith in escrow to show your serious.

8. Due Diligence

During this period you can fully inspect the owners representations are accurate and examine financial records. Any questions you have are resolved at this time. If there is financing, your application must be approved by the lender to show that you are qualified for the loan.

9. Contingency Removal

We will remove all contingencies in the agreement. It is now a binding agreement.

10. Lease Assignment

We work with the landlord to obtain an assignment of the current lease for you. ( If not purchasing the property and building) conference call if distance is an issue.

11. Closing

We will provide all documents to the transferring agent or attorny so they can prepare the closing documents. Final preparations are made for lease assignments, utility transfers, financing, merchant service accounts. Inventory counts to make the transfer as seamless as possible. Your acquisition will usually be completed by an attorney with the signing of several documents and the payment of the balance to purchase.

12. Post Closing

Transitional training by the seller may include meeting with employees, clients, technical training, computer updating, knowledge transfer. We will assist you with any questions you have.