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Started By
Message
Any Business Brokers on the board?
Posted on 1/5/20 at 9:21 pm
Posted on 1/5/20 at 9:21 pm
Have a few questions.
3
Posted on 1/6/20 at 7:58 am to supatroopa
Even if we don't, I'm sure we have people who have bought and sold businesses.
Some of those may have used a BB to buy or sell. Let's hear it! It's Monday morning!
Some of those may have used a BB to buy or sell. Let's hear it! It's Monday morning!
Posted on 1/6/20 at 8:49 am to supatroopa
Not a broker but going through a buyout as we speak. Learning a lot as I go and just getting started.
Posted on 1/6/20 at 9:30 am to Doctor Strangelove
Where do you go to initiate? This is something I want to look into.
Posted on 1/6/20 at 5:44 pm to WylieTiger
Are you buying or selling? Either way, you need a letter of intent from buyer with basic price they are willing to pay with financial terms and basic structure, (who gets the ownership). It should also show where the money is coming from; cash, loans, owner finance with interest payments. Once the preliminaries are agreed to, then the buyer will do due diligence to test valuation, accounting rectal exam, liabilities, etc. Finally, if all is acceptable you get to an operating agreement where the details are hammered out.
This post was edited on 1/6/20 at 6:26 pm
Posted on 1/6/20 at 6:32 pm to Doctor Strangelove
I would be a buyer.
Posted on 1/6/20 at 9:43 pm to supatroopa
No one wants your snow cone stand.
Posted on 1/6/20 at 11:52 pm to WylieTiger
There are a number of business brokers who work with buyers to find specific sized businesses with owners who might be willing to sell. I can send you some names of brokers who hav3 contacted me over the last few years.
Posted on 1/7/20 at 10:54 am to Doctor Strangelove
Wylietiger@gmail.com
Thanks.
Thanks.
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