About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, business brokers, and agents. Mr. Siegel can be reached directly by phone at (925) 830-3447. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Opinions expressed on this site do not necessarily represent those of USABizMart. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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9/30/05
Gathering Documents For The Buyer Of My Business
Over the last four days, I have been gathering documents for my buyer. For example: I made copies of tax returns and add backs, sales tax returns, franchise agreements. The Buyer has opened escrow and has started to work on his business plan and loan. I have a meeting scheduled for Monday with the Buyer to sign additional documents for the Alcohol Beverage and Control transfer and hand over the documents I previously mentioned. So far so good. I will keep you posted.
P.S. I am still fielding phone calls! Comments & Advice From Peter:I am glad to hear you are still taking phone calls and emails from your advertising from other interested buyers - remember 50% of all deals fall out. Have buyers lined up! If this buyer starts to fade or the deal starts to go sideways without a remedy, move on to the next strongest buyer on your list quickly - remember time kills deals and flow.• Technorati • del.icio.us • Digg It • Furl • ma.gnolia • Spurl • Yahoo MyWeb
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