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The Steps listed below will put the complex process of buying a business into simple terms. There is no cost to you for our services. All Broker fees are paid by the Seller!
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INTERVIEW BY YOUR BUSINESS BROKER: To Determine Your Interests, Financial Needs and Capabilities, and to review our Confidentiality Agreement.
Key Questions to consider when looking for a business that's right for you.
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Will you run the business full time or part time?
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Would you prefer an opportunity where customers come to you or one where you have to make the contacts/sales to keep the business going?
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Would you prefer your customers to be the general public or other businesses?
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Would you prefer to do the manual labor or the management?
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How many employees would you be comfortable with, if any?
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How much annual profit do you need?
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How much can you invest as a down payment? (Cash on hand, stocks, home equity, loaning capability, etc... ) See Financing
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SELECTION OF BUSINESSES FOR YOU TO TOUR: Best Opportunities Based on Interview
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TOUR OF SELECTED BUSINESSES: Arranged and Accompanied by Broker
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MAKE PROPOSAL WITH EARNEST MONEY: Earnest money is usually $1,000 or more (Earnest money is protected by Contingencies and applied to down payment at closing)
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FINAL INSPECTION OF BUSINESS: Financial Records, Equipment
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REQUEST ESCROW DOCUMENTS: Attorney Fees Shared Equally Between Buyer and Seller. (Ogden - $350 each, Salt Lake - $400 each)
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CLOSING: Congratulations!
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