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Buying a Business
A prospective buyer's initial phone call to Metro Business Brokers
is usually to inquire about one of the listings seen on our web
site or found in a local newspaper or real estate magazine ad. During
our initial conversation, the representative will provide you some
general information regarding the business. We are typically required
by the owner to preserve the confidentiality of the details of his
business and at this point we will normally not be able to give
out details such as location, names and detailed financial data.
If, after this informal discussion about the business you would
like more details, we will ask you to come into the office to
give you more information on the buying process and help us to
get a clearer understanding of your requirements and expectations.
Metro Business Brokers maintains a complete file on each business
including tax returns, leases, financials, equipment lists, etc.
and prior to your review we will ask you to sign an agreement
not to disclose this confidential information.
Once your level of interest has been determined, your Metro Business
Brokers representative will set an appointment to tour the business
and talk to the owner. At this time you can ask the seller any
specific questions you may have about the business. This meeting
is usually scheduled after business hours.
At this point you may be ready to proceed with an offer to purchase
and your Metro Business Broker representative will review the
process with you in detail.
After your initial call about the business, you may also find
it to no longer be of interest because of price, location, etc.,
and occasionally some of the advertised properties have already
been sold. If you are unfamiliar with how to purchase a business,
we will be happy to outline the entire process and give you some
guidelines on determining business value. Once you have established
a relationship with a Metro Business Brokers representative, he
or she will continue to work on your behalf and will notify you
immediately when something interesting becomes available.
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