Buyers - Why You Should Use
An MBLA Broker Associate!

1. Meeting and Interview

We’d like to get to know you and your needs for purchasing a business by personally meeting with you.

2. Confidentiality Agreement

Each buyer is required to sign a confidentiality agreement to protect all parties concerned in the process. This is usually signed at the initial meeting.

3. Identifying the Right Business

Once one or more businesses have been identified that may be of interest to you, we will further discuss the opportunities.

4. Showing the Business

Once you have identified what may be the best business opportunity for you, we further discuss the possibility by meeting the owner, and answering any financial and operational questions that you might have.

5. Offer or Letter of Intent

This stage is when an initial offer to buy the business is made. There may be some back and forth negotiations that take place until all the general terms of the purchase are agreed to by all of the parties concerned.

6. Due Diligence

This phase is the most important aspect of the purchase for the buyer. You are asked to study the business in as much detail as possible in order to satisfy yourself and your advisors that the business is what you expected. If you are satisfied with your findings in Due Diligence, we may proceed to settlement.

7. Settlement

The settlement is the final process in the business purchase phase. An attorney or attorneys for the buying and selling parties draw up and complete the documents necessary for finalizing the purchase. When all terms are agreed to and a lease is approved through the landlord of the property (if applicable), the business is transferred at a formal closing.