Buy a Business

You’ve decided to take the next step to purchase a business. This is one of the most effective methods to increase wealth and take control of your future! Working with Van Isle Business Brokers is a wise way to take action, with guidance. Now, with our teams expertise, we will help you search out and acquire the best business for you and your goals. 

Connecting with a member of our team will be the most effective way to start the next step. We will gather detailed information to help determine your financial details, experience and skillsets, and your specific life goals. This will assist us in understanding your commitment to the process and also direct us in which types of business to be on the lookout for. Once this step has been completed, we will utilize our extensive resources to connect you with businesses for sale that meet your requirements. 

It’s important to fully understand what is involved in buying a business. We will ensure the process is explained in advance, and also support you in developing an understanding of the current marketplace. We will guide you in learning how to utilize online forms, search online for businesses and how to read Business Listing Information Sheets. We will also walk you through basic valuation concepts and review available opportunities in our networks. 

This step is when we dive in to find you the ideal business for purchase. We will support you in your search for a business, help you to sign confidentiality disclosures, provide you with detailed information regarding the business, and arrange showings with the business seller. We will customize your business search and connect you with opportunities until you find the business that’s right for you. If your search exceeds a few months, you may need to revisit the education step, to ensure that you are clear on what you are looking for. 

We will apply our expertise in deal structure and help you to draft a contingent offer on the business that you are interested in purchasing. A Purchase and Sale Agreement will then be presented to the business seller, with a deposit of good faith which will be held in escrow to demonstrate your commitment to purchase. Once negotiations have been completed, you will be provided with an executed contingent purchase agreement to purchase the business. 

This time frame is used to do a comprehensive inspection of the business owner’s representations, to ensure their accuracy. We will facilitate your team of legal and accounting professionals and aim to satisfy all contingencies. In the event that financing is involved in the transaction, the application will need to be approved by the lender, verifying that you are qualified for the repayment of the loan. 

During this step, we will make the final preparation for lease assignments, financing, utility transfers, merchant service set up, inventory counts and any other last minute requirements to make the business transfer as easy as possible. Typically, your acquisition is completed by an attorney, and will incorporate the signing of several documents and the payment of the remainder of the purchase price. 

Congratulations! You’re a business owner! In order to ensure your success with your new business, the seller may include transitional trainings, meetings with the employees and clients, technical education, computer updating and sharing any additional knowledge. We are always available to asses you with any post closing questions or requirements that might arise. You’ll have all the knowledge that you’ve acquired throughout the project, and our team is always on your side should you need us.