Your best guide for buying or selling a business is an OKBB intermediary.
Although OKBB generally represents the Seller, the Buyer also reaps the benefits of expert guidance. OKBB provides vital services for both parties and acts as the “glue” for holding together the pieces of the business sale process. Here’s how OKBB will work with both the Buyer and the Seller.
OKBB and the Buyer
OKBB prefers to talk to people in person, and the Buyer is no exception. During a preliminary meeting, we will typically ask the prospective Buyer questions such as these:
1. Do you have the necessary funds to buy a business?
2. Is the cash readily available?
3. What is your time-frame for buying a business?
4. What are your expectations about the purchase of a business?
After this fact-finding meeting, and the execution of a Confidentiality Agreement, we can then show the Buyer businesses that are both feasible and that fit the Buyer’s requirements.
Further steps we will lead the buyer through are as follows:
- Since Sellers are (rightly) concerned about confidentiality, OKBB will require the prospective Buyer to sign a non-disclosure or confidentiality agreement.
- OKBB will provide the prospective Buyer with preliminary information about one or more businesses, including pertinent financial data. OKBB will arrange for the Buyer to see businesses of interest.
- Once the Buyer has indicated strong interest in a particular business, OKBB will supply additional information and schedule on-site appointments (tours).
- OKBB will answer questions, address concerns, resolve loose ends, and offer professional and unique expertise in the business sale transaction process.
- OKBB will assist the Buyer in finding the best financing rates and terms (if requested) without additional costs to the Seller or the Buyer.