Buying a business may seem complex, but it’s simple when working with Hallmark Business Brokers. Our team helps individuals buy and sell businesses all the time. Because of this, we are able to use our experience and knowledge to help you through the buying process with ease.
Here is a breakdown of the buying process, so you know what to expect as you move forward with your business purchase:
Step One
The first step is meeting with an agent to determine which businesses are an ideal fit for you. Think about the industry you want to work in, your budget, and your needs. At Hallmark Business Brokers, we work with individual buyers, E-2 investor visa buyers, and investors.
Step Two
The second step in the business buying process is exploring potential businesses and meeting with their current owners. Take this time to learn about the company’s model, client base, and get some brief financial information from them.
Step Three
The third step is to get help qualifying the business. Hallmark Business Brokers knows exactly how to help you determine if a business is worth what it’s being sold for. We will guide you in asking the seller the right questions to get the information you need.
Step Four
The fourth step in the business buying process involves asking a broker to create a sale contract. We create sale contracts frequently, so we know exactly how to move through this step to make it quick and easy for both the buyer and the seller. A broker also checks financial and business records while assisting with the due diligence process. Some buyers may need help with financing, so we connect buyers with lenders who provide the best financing options for each buyer’s needs
Step Five
The final step in the business buying process is meeting at the closing table. This is the part where you officially become a business owner. It’s also a big deal for us, because we love helping our clients achieve their dreams.
Are you thinking about buying a business? Do you have questions about the buying process? At Hallmark Business Brokers we’re excited to help you get started on one of the most exciting adventures of your lifetime. Call or email us today for a free consultation!