Buying a business is a major decision. One that will affect you financially and change your lifestyle. Based on years of experience helping people buy businesses, Range Brokers International has identified several commonly asked questions. The information below is designed to aid you in identifying a business you like and understanding the business purchase process. If you have any questions about buying a business, please contact us.
On average, it will take 6-18 months. However, the timeframe will vary significantly by industry, business size, market demand, price bracket, financial performance, transaction complexity, and more.
We make use of non-disclosure agreements to ensure all your information is kept private.
We offer consulting services and business valuations with Broker Price Opinions (BPO) to give you a fair estimate of what your business is worth.
We work with Middle Market Businesses.
During the due diligence phase, the buyer will investigate various aspects of the property either before making an offer or between entering the contract and closing.
We have an established network across the globe whom we can market to, which ensures that our clients will have access to vetted buyers.
- Profit & loss statements for the current and past 2-3 years
- Current balance sheet
- Cash flow statement
- Business tax returns for the past 2-3 years
- Copy of the current lease
- Insurance policies
- Non-disclosure/confidentiality agreement
- Personal financial statement for the buyer to complete
- Executive summary of overview of the business
- Detailed profile describing the business
- Any additional documentation to substantiate the financial representations
- Professional certificates
- Supplier and distributor contracts
- Employment agreements
- Offer to purchase agreement
- Note for any seller financing
We customize strategies to meet each client’s needs and will provide you with access to vetted buyers globally as well as resources to facilitate a smooth selling and transition process.
Buying an existing business gives you the option of coming into a business that is already financially stable, and that has a current customer backing.
We value the confidentiality of our sellers, therefore, prior to having access to the seller’s information, a non-disclosure agreement must be signed as well as a CV demonstrating your background. We also ask that potential buyers present us with Proof of Funds and a credit report. We want to ensure our vetted buyers will be a good fit for the sellers, so abilities, passion, personality, and commitment will also be assessed.
In order to qualify for SBA loans you will need the following documentation: (1) statement of owners, (2) any partners affiliated, (3) officers and stockholders who own more than 20% of the business, (4) accurate financial statements.