Process for 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:
Buyer Qualification
- Understanding the buyer’s objectives and buyer requisites.
- Completion of an individual or corporate financial statement and a Buyer’s Personal Profile
Search
- Develop search methodology with
buyer , targeting segments of the industry or specific companies as desired. - If desired, actively search for potential target companies.
Reviewing Potential Businesses
- Completion of Buyer’s Confidentiality and Warranty Agreement.
- Secure and present Confidential Memorandum or marketing packages from a selected business(es) for buyer review.
- Pre-qualify buyer for appropriate financing.
Negotiations
- Meet business owner and tour site.
- Facilitate the negotiation process.
- Assist buyer in preparing the Letter of Intent.
- Facilitate the fine-tuning of the Letter of Intent between buyer and seller.
- Connect buyer with
attorney : create Purchase Agreement - Buyer arranges
financing as needed. - Facilitate final negotiations on Purchase Agreement between buyer and seller
- Execution of Purchase Agreement
Due Diligence
- Buyer completes Due Diligence and all outstanding issues.
- Buyer financing is finalized
- Set closing date.
- Review closing documents.
Closing
- Sign Definitive Agreement (and corollary documents) necessary for closing.
- Complete post-closing details between seller and buyer as needed.
Contact Us
(320) 492-1005
chris@cgreicher.com