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Business Sale Representation
We represent business owners looking to sell their businesses. Here is an overview of the typical steps involved in that process.
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Identifying Needs and ObjectivesWe determine your investment goals, preferred location, property type, budget, and any specific requirements or preferences you may have through a discovery meeting.
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Financial PreparationWe evaluate your financial situation and determine your purchasing power. This may involve securing financing, assessing available capital, and considering potential sources of funding.
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Market ResearchWe conduct market research to identify suitable properties that meet your criteria. This may involve analyzing market trends, property values, vacancy rates, and potential rental income.
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Property Search and ToursWe search for properties that align with your investment criteria and set up a survey, in which we will email you potential properties that meet your criteria. We will coordinate tours for properties that best meet your search criteria.
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NegotiationWe negotiate the terms of the purchase agreement, including the sale price, financing arrangements, contingencies, and closing timeline.
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Purchase AgreementOnce the terms are agreed upon, the transaction is formalized by signing a purchase agreement or contract. This document outlines the terms and conditions of the sale and typically includes provisions for earnest money deposits, inspections, contingencies, and closing procedures.
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Due DiligenceOnce we are under contract, we continue to conduct the due diligence process to assess its suitability and viability as an investment. This typically involves reviewing financial records, conducting property inspections, evaluating zoning regulations, and assessing any legal or environmental issues.
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Financing and ClosingWe assist you in securing financing for the purchase, if necessary, and complete any remaining due diligence requirements. We coordinate with lenders, title companies, and other involved parties to finalize the transaction and prepare for closing.
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ClosingWe assist with closing efforts so you can transfer ownership of the property, and exchange funds. We ensure that all necessary legal and financial requirements are met to complete the transaction successfully.
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Post-Closing ActivitiesAfter closing, you complete any remaining tasks such as transferring utilities, notifying clients and staff (if applicable), and updating records with relevant authorities. We will assist with any referrals or introductions you have to ensure the overall success of your business.
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