6 Key Elements to Put in Place Before Moving Forward
Suppliers in Place
Existing relationships make the transition into buying a business much more smooth. An established business will already have a track record with suppliers.
Existing Customers and Referral Business
Trained Employees in Place
Immediate Cash Flow
The first step for potential buyers is having them sign a confidentiality/disclosure agreement, and in most cases, a financial profile. Our goal with this is to limit the exposure of the business and maintain confidentiality. We do this to help prevent a business from being “damaged” in the selling process.