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 sales >> BUYERS
Buying a business is
almost always a challenging but highly rewarding experience. It is our job
to handle many of the details of the business purchase and we will assist buyers
during the process. CRSS is familiar with the market and can advise buyers
about trends, pricing and what is happening locally.
So, what happens when
you find a business you want to buy?
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The first step is to sign our
confidentiality agreement and disclaimer.
All business information must be kept confidential, including the name
and address.
Next,
we will arrange a visit to the business which interest you and you must
agree not to reveal yourself as a Buyer.
Will provide personal background information, including your financial
history.
We will then provide a detailed Business Profile on your business of
interest.
A
meeting will be scheduled with the seller so you can ask more detailed
questions about the business’ operation. This appointment is generally
scheduled
during non-business hours so as not to interrupt or alert employees or
customers.
You will agree not to discuss price or terms with the Seller.
Upon satisfaction, you will make an offer with a deposit.
Your offer will be contingent upon physical inspection of the business,
your inspection of
financial records, transfer of existing lease or the negotiation of
a new one,
financing, transfer of any alcohol license etc.
The
offer is presented to the Seller, which is either accepted, rejected or
countered.
Escrow is opened and both buyer and seller will satisfy the
contingencies.
Once all the contingencies have been removed, the sale process is
initiated
and the agreement becomes a binding contract.
Closing papers are signed just prior to close of escrow.
The balance of the purchase price plus inventory and closing costs are
deposited into escrow and the deal closes.
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Our services are free
to Buyers but we represent Sellers and our agency relationship is with the
Seller. Should CRSS work with the buyer too then this will create a dual
agency whereby CRSS represents both parties.
To fully utilize our website of services
please register with us below:
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