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Unless you've bought or sold a business in the past, you will  find that buying a business can be a confusing and even trying experience. This is  why it is important for the prospective buyer to be knowledgeable about the process involved in buying a business. Thoroughly understanding the process will assist even a veteran of business transfers in working with our company.

Getting Started

Questions And More Questions.  Finding a business opportunity usually starts with researching local newspapers, placing telephone calls or visiting web sites like the one we host. The prospective Buyer may be a Corporation, Private Investment Group or a sophisticated Private Investor who has a very definite idea of the type of business wanted. On the other hand, many first time buyers are still in the formative or exploratory stage of their search. Frequently that Buyer's first question is, "What kinds of businesses do you have?".

Although we have many business listings, that question can only be answered properly when we have some idea of the prospective Buyer's resources, skills and needs. For example, if we just listed Ford Motor Company and the prospective Buyer has several billion dollars in available funds and a background in automobile manufacturing, that would be a match made in heaven. But that perfect match would never have occurred unless we ascertained pertinent information regarding the prospective Buyers background, resources and objectives in advance.

The first and most important step is for the business Broker to learn about the prospective Buyer. When we ask, "How many days per week are you comfortable working?", “Are you planning to work alone or hire employees?" or "How much cash do you have for a down payment?", along with other questions, we are gathering the information necessary to match the prospective Buyer to an appropriate business opportunity. We are also narrowing the search and saving the prospective Buyer time.  With over 3,000 listings on the Business Brokers of Florida, MLS system, the ability to identify a business or professional association to be purchased becomes a reality.  

Prospective buyers will need to complete a Personal Financial Statement and a Non-Disclosure Confidentiality Agreement.  The financial statement is general information to give when your business broker an idea if you have enough money to make a down payment or be considered for seller financing.

We ask all buyers to sign a Non-disclosure Confidentiality Agreement or NDA. You agree to keep all information you learn about the business confidential, including that the business is for sale.  This reassure the seller that he/she can continue to operate the business as usual.  We ask that you not mention to staff that the business is for sale and direct any questions regarding the daily operation to either the owner or business broker.

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