BUYER QUALIFICATION
A qualified prospective buyer of a business is an individual or entity who is ready, willing and able to purchase a business for sale on the market. They have the motivation and enthusiasm required to go through with the purchase, while also having access to or possessing the financial resources, to close the sale. Our team of professional brokers thoroughly vet any potential buyers through a series of in-depth questionnaires and sort through the ‘tire-kickers’ to find the few that possess the means and know-how to buy and operate your business.
In today’s current financial market, it is not unrealistic to expect a potential buyer to have ready access to 25-50% of equity to complete the purchase of a small business. Where does the rest of the funds come from? Usually in the form of debt, or borrowed money, to help finance the transaction. As part of our buyer qualification process, we verify potential buyers to ensure they have the financial means to make a serious purchase. Before any information about the business is released the potential buyer must be qualified and have signed a comprehensive Non-disclosure Agreement (NDA).
BUYER REQUIREMENTS
We will only release detailed information about your business once a potential buyer has satisfied the following requirements:
- Signed a Non-Disclosure Agreement
- Demonstrated strong financial capabilities
- Possess sufficient experience and skills needed to run your business.