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Buying A Business |
C. G. Reicher Associates provides a step-by-step approach for the acquisition of a business. While every acquisition process is unique, here is an overview:
Phase One
Buyer Qualification
n Understanding the buyer’s objectives.
n Analysis of the buyer’s requirements.
n Completion of an individual or corporate financial statement and a Buyer’s Personal Profile
Phase Two
Search
n Develop search methodology with buyer, targeting segments of the industry or specific companies as desired.
n If desired, actively search for potential target companies.
Phase Three
Reviewing Potential Businesses
n Completion of Buyer’s Confidentiality and Warranty Agreement.
n Secure and present Confidential Memorandum or marketing packages from a selected business(es) for buyer review.
n Pre-qualify buyer for appropriate financing.
Negotiations
n Meet business owner and tour site.
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Facilitate the negotiation process.n Assist buyer in preparing the Letter of Intent.
n Facilitate the fine-tuning of the Letter of Intent between buyer and seller.
n Connect buyer with attorney: create Offer to Purchase
n Buyer arranges financing as needed.
n Facilitate final negotiations on Offer to Purchase between buyer and seller
n Execution of Offer to Purchase
Phase Four
Due Diligence
n Buyer completes Due Diligence.and all outstanding issues.
n Buyer financing is finalized
n Set closing date.
n Review closing documents.
Closing
n Sign Purchase Agreement and other items necessary for closing.
n Complete post-closing details between seller and buyer as needed.
if you wish to register as a Buyer with C. G. Reicher Associates.