Buying a Business

Buying a business is different from any other purchase you have made. With over 2,700 successful transactions, National Business Brokerage has a proven process that gives buyers confidence and a clear understanding of the entire business transaction.

We assist buyers with every step of the business buying process.

With over 70+ years of combined experience, National Business Brokerage has a proven process to get the transaction closed and successfully transferred to a new owner. We make sure that all conditions and regulations are complied with so the buyer can be confident that their new business is transferred successfully.

Buyer Search

Not all businesses are easy to find. Are you looking for a specific type or hard-to-find business? Why not utilize the help of a broker to find this match? While a buyer search can be a lengthly process, it can result in a business that, if vetted properly, has a better chance of meeting your wants and needs.

Drafting the Asset Purchase Agreement (APA)

Drafting the APA is part art and part science. No one knows that more than National Business Brokerage. Knowledge and expertise are the keys to helping buyers draft a proper APA. NBB is proud to offer this service to buyers in order to negotiate a fair price, protect themselves, and cover the unique details of the business necessary to close the deal in a timely manner. 

Contract Negotiations

Once your offer has been written and submitted to the seller, the process moves into the negotiation phase. This is where our expertise comes in. If there are issues, we help resolve them to the satisfaction of both parties. A broker’s input during this phase cannot be understated. It can make the difference as to whether or not your offer is accepted.

Due Diligence

Once the APA has been successfully negotiated, the next stage is due diligence. Here, you request all necessary documents needed to ascertain if the purchase of the business is right for you. We provide a suggested list of items that are necessary, including tax returns, financial statements, payroll tax returns, and lease document.

During the review process, you will have sufficient time to complete your review and due diligence. Upon your satifsfaction, you can then sign off on the process.

Interface with 3rd Parties

A successful broker must have the ability to reach out and work with other professionals that are integral to the overall success of the sales’ process. He or she has a reasonable working knowledge of how these individual professions work and how to speak the language of each to be able to request the right information, whether it's from accountants or attorney, or to successfully negotiate with the landlord on the transfer of a lease (where applicable).

Financing the Sale

Many business transfers involve financing the transaction with lending institutions including banks and the SBA. National Business Brokerage plans ahead to prepare for the various financing available to each business transaction.

There are many benefits to financing the purchase of a business. Let National Business Brokerage help guide you through the purchase of your next business opportunity. 

Licenses to Leases

NBB understands all steps necessary to complete a successful transaction. Many sales include the transfer of ABC licenses (Alcohol Beverage Control), franchise agreements and leases. In some cases negotiation of a new lease may be required.

Each issue must be addressed and successfully dealt with to affect a smooth transition of business ownership. National Business Brokerage will guide you through every step of the process.

Successful Business Transfer

National Business Brokerage maintains close working relationships with the top bulk sale escrow firms. NBB will assist you in making sure the escrow process is fully understood, that all conditions and regulations are complied with, and that all necessary documents are submitted.

Post-Close Considerations

Once escrow has closed, the transition plays out. The buyer and seller each help this initial phase move smoothly as per negotiated contract. Every effort needs to be made to maintain good relations between the two parties who must work together to make sure the transition is a success. Where applicable, the seller will train you for the requisite amount of time and the business runs in good fashion as to not lose any good will, clients or employees. If there are any initial bumps in the road, a good broker will aid the two parties in working through the issues.

We assist buyers with every step of the business buying process. Click on each step to learn more.

Drafting the APA is part art and part science. Because each buyer and seller is different, there is no one method that works for all parties. You have needs as the buyer and requests will come from the seller. The offer must be constructed in a way that works for everyone and alienates no one.

This is where the knowledge & expertise of a solid professional comes in. NBB knows how to protect the seller while being fair to you. Crafting a successful APA is one of the main reasons you are well served by utilizing our services.

Once your offer has been written and submitted to the seller, the process moves into the negotiation phase. This is where our expertise comes in. If there are issues, we help resolve them to the satisfaction of both parties. A broker’s input during this phase cannot be understated. It can make the difference as to whether or not your offer is accepted.

Once the APA has been successfully negotiated, the next stage is due diligence. Here, you request all necessary documents needed to ascertain if the purchase of the business is right for you. We provide a suggested list of items that are necessary, including tax returns, financial statements, payroll tax returns, and lease document.

During the review process, you will have sufficient time to complete your review and due diligence. Upon your satifsfaction, you can then sign off on the process.

A successful broker must have the ability to reach out and work with other professionals that are integral to the overall success of the sales’ process. He or she has a reasonable working knowledge of how these individual professions work and how to speak the language of each to be able to request the right information, whether it's from accountants or attorney, or to successfully negotiate with the landlord on the transfer of a lease (where applicable).

Many business transfers involve financing the transaction with lending institutions including banks and the SBA. National Business Brokerage plans ahead to prepare for the various financing available to each business transaction.

There are many benefits to financing the purchase of a business. Let National Business Brokerage help guide you through the purchase of your next business opportunity. 

NBB understands all steps necessary to complete a successful transaction. Many sales include the transfer of ABC licenses (Alcohol Beverage Control), franchise agreements and leases. In some cases negotiation of a new lease may be required.

Each issue must be addressed and successfully dealt with to affect a smooth transition of business ownership. National Business Brokerage will guide you through every step of the process.

National Business Brokerage maintains close working relationships with the top bulk sale escrow firms. NBB will assist you in making sure the escrow process is fully understood, that all conditions and regulations are complied with, and that all necessary documents are submitted.

Utilizing the assistance of a seasoned business broker during the business buying process is the smart way to go. Have questions?
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