The following list is a detailed step-by-step process for those interested in buying a business.

Call LGI Business Brokers

  • Arrange for a confidential appointment with a knowledgeable, professional, and experienced Certified Business Broker.

 

Provide Background Information

  • At the initial meting, be prepared to provide your broker with personal information about your background, including your financial resources and funds available for investment.

 

Sign Non-Disclosure Statement

  • Prior to receiving information about any business sign an agreement not to disclose confidential information that may be provided to you by your broker.

 

Schedule Showings

  • An appointment will be arranged for you to tour the business you are interested in. You may also talk with the owner(s).

 

Offer

  • LGI Business Brokers will prepare the necessary papers for your offer the purchase. Your broker will assist you with information on any contingencies you may desire.

 

Presenting the Offer

  • Your offer will be presented to the seller by LGI Business Brokers. The Broker will provide your background information to the seller.

 

Seller’s Responce

  • The seller will accept, reject, or make a counter offer for the buyer.

 

Acceptance

  • Both parties must agree to all terms and conditions of the offer in writing

 

Earnest Money

  • The buyer’s earnest money is deposited in the escrow account of the broker, attorney, or closing agent.

 

Inspection

  • Buyer may inspect the financial records of the business as outlined in the Offer to Purchase

 

Inventory

  • Merchandise inventory is taken by the buyer and seller and the amount of inventory is determined.

 

Closing

  • Broker, Buyer, and seller are present at the closing attorney’s office to sign the closing documents.