Methodology of Selling of Business by a Broker / Agent

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Meeting with owner for further, discussion about the Business for sale and Business Cash flow.

• Creation of Agency relation between the seller and broker i.e. signing a Business Listing Agreement.
• Review of the seller business documents.
• Presentation of broker opinion based on the business documents, and further, discuss with seller.
• Ordering, to get a valuations report from the Licensed Professionals.
• Preparing Marketing Plan.
• Enter into the Market to find a prospective buyer.

• Getting calls from the Prospective Buyers.
• Confidentially, agreement singed by the Buyer.
• Prescreening of the Buyer Financials and other Documents to see whether the buyer is qualified to buy the business.
• Visiting the location by Buyer with Broker.
• Discussion between the Broker and Buyer based on available seller reports / documents.
• Meeting with owner for further, discussion about the Business sale and Cash flow.
• Presenting an offer by the prospective buyer with all terms and condition of the sale.
• Further, negotiations between the buyer and seller for the terms and conditions.
• Preparing the final contract signed and accepted by all the concern parties.
• Continuation of further, for the Due Diligence by the Buyer.
• Getting verification and reports from all other ordered sources.
• Satisfactory completion due diligence.
• Removal of the contingencies.
• Open an escrow (all parties are working good faith estimate)
• Apply for the Loan, License and permits.
• Read the Escrow Reports,
• Final instructions from all parties of interest to the escrow.
• Preparing the documents singing all parties of all the escrow documents.
• Final Inventory Count.
• Transferring of Title and Recording.
• Post closure training by the seller.
• Sending Thank You Letter to the Buyer, Seller and all other involved Parties.