How To Buy A Business From Our Firm

Interested in buying one of our businesses for sale? We’re excited to provide excellent customer service for you! Here’s our Step By Step process to buy a business from our firm:

  1. Inquire: Submit an inquiry to contact the seller/broker on one of our businesses for sale through any of our listing sites, including our “Buy a Business” page.
  2. Authorize NDA: You will receive an email response indicating that we’re requesting that you complete an NDA (Non-Disclosure Agreement) to get more information. Look for this email and complete the form, it may be in your junk mail folder. It simply states that you will keep the information we share with you confidential, and that you will work with us and not approach the owner/staff directly. You can complete it virtually on your computer, and you can sign with your finger on a mobile device.
  3. Phone Call: After receiving your completed NDA, we like to chat with any prospective buyer before releasing confidential information about our businesses for sale. As you can imagine, we get spam bots clicking through with inquires about the business we have for sale, so we always like to have a short conversation with the buyer before releasing the full business report. Please call us at (919) 628-0571 or return/accept our call for the “Verbal Screening.” It will take less than five minutes. You can also book a time that works for us to call you here.
  4. CBR: After the quick call we will release the Confidential Business Review, or CBR, that details the business. The CBR will include the name of the business as well as pictures, sales figures, and more. Our CBRs are normally between 3-15 pages. This report will answer 80-90% of your questions and create more questions!
  5. Prove Funds: We hope you like the business as much as we do! Please call us to discuss any remaining questions at (919) 628-0571. When you are ready to meet/speak with the owner, we’ll ask you to “Prove Funds” to indicate that you could complete the transaction in full or afford a down payment that is acceptable to the buyer or a lender. Learn more about Proof of Funds here.
  6. Interview/Offer: After speaking with the owner(s) and getting all of your questions answered, it’s time to make an offer. We can assist you with an offer or we can accept an offer from your business attorney.
  7. Due Diligence: Once your offer is accepted, you can do your “Due Diligence.” Most people ask for the tax returns, but it’s completely up to you what you ask for to decide if the business is right for you.
  8. Closing!: As your closing date approaches, we’ll be in constant communication about the status of the legal and financing elements of your deal. In most cases we have meetings weekly or even daily with the owner of the business as we get closer to your closing date.
  9. Transition: As part of your offer to purchase, we will ensure that you have get the time that you need with the current owners to transition the business. This can range from one week to several months, depending on the deal.

We are excited that you are taking steps to acquire a business that we have committed to helping a business owner sell. Thank you for choosing VR Business Brokers, and don’t forget to call us again when it’s time to sell your new business!