Buying a business online, often includes extensive web searches, trying to obtain reasonable amounts of information from sellers and brokers, and navigating a very complicated transaction process. There are hundreds of thousands of businesses listed for sale at any given time, and sifting through the mountains of information can be a very frustrating process.
A local Business Broker can accomplish all of this for you. Sunbelt is a local Clearwater Business Broker serving the Tampa Bay Area. We can filter through the process, gather pertinent information, contact the sellers and listing Brokers, and present you with reasonable options to investigate. Trying to buy a business on your own is both time-consuming and exhausting.
If you decide to buy a business on your own, we encourage you to look through our Firm’s listings on this website, along with a link to the BBF MLS, the Business Brokers of Florida MLS system. This MLS contains almost all businesses listed for sale by Brokers within the State of Florida.
Buyers should be prepared to sign or provide at least 2 primary documents. The first is a nondisclosure agreement, typically referred to as an NDA. Formerly known as a confidentiality agreement, this document only commits you to a confidential process, which allows us to provide highly sensitive information about the seller’s business to you. The 2nd document you may be asked to complete and sign, is a basic financial statement. This is normally required by our sellers, prior to releasing information on their company. This also establishes a comfort zone between the seller and you, as the potential buyer in future negotiations.
When you contact Sunbelt Business Brokers of Clearwater, St. Petersburg, concerning a specific listing on the Internet, you will be sent an immediate response and an NDA to complete and sign. Once the agreement is signed and returned to our office, you will be contacted by the Broker who is the actual Listing Broker for that specific company. You will then be able to work directly with that Broker.
You will be provided with a preliminary package of information, upon completion of the NDA.Ready to Get Started!
Next, a Buyer/Seller Meeting would be arranged, sometimes in the form of a conference call.
After your decision has been made, we would assist you in writing the offer, and completing the necessary paperwork.
Following an acceptance of your offer by the seller, the due diligence process would take place. Any and all offers made on business acquisitions, are contingent upon the buyer’s complete satisfaction with the due diligence process.
Upon a successful completion of due diligence, you would be asked to sign an “Authorization to Close” document officially sealing the deal.
Closing will take place at an independent “Closing Attorneys” office.
While this is an abbreviated version of a transaction, it is an example of what to expect in buying a business. Sunbelt Business Brokers are trained professionals who are uniquely qualified to help you through each step and make the transaction as successful as possible.
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