Commitment The buyer is committed to the process of purchasing a business at price and terms consistent with the marketplace.
Personal Assessment The buyer will understand their personal goals and objectives.
Confidentiality The buyer agrees to financial disclosure and to maintain strict confidentiality of all information received about businesses for sale through Venture Resource.
Review The buyer reviews business information provided by both Venture Resource and the seller on the business that is of interest. Showing/Tour The buyer and a Venture Resource representative tour the business and meet with the owner.
Offer to Purchase The buyer prepares an Offer to Purchase with the assistance of a Venture Resource intermediary.
Offer Presentation Venture Resource presents the offer to the seller and answers any questions regarding the offer.
Offer Acceptance The seller accepts the offer as written or responds with a counteroffer.
Due Diligence Once a bonafide offer is made and accepted, the buyer begins the process of due diligence and inspects detailed business information.
Contingency Removal All contingencies are removed from the Letter of Intent and a binding purchase agreement is presented to the seller and signed.
Legal Documentation After all necessary documents are forwarded to the closing attorney, all closing documents are prepared.
The Closing takes place! If you would like to join our buyers' database to receive updates for available acquisition candidates, please complete our Buyer Registration form and forward to our attention.
