What does a business broker do? | Nemo Vista

What does a business broker do?

What does a business broker do?

In our initial meeting the buyer and Nemo Vista establish the criteria a buyer has for a business and his or her financial qualifications and business background. A prospective buyer then completes a Buyer Services/Non-Disclosure Agreement so confidential seller information can be revealed to the buyer. Potential acquisition candidates from the brokers’s listings are then identified based on the buyer’s criteria. If a listing is available that meets the buyer’s criteria, pertinent details of the listing are provided to the buyer. If the buyer elects to pursue the opportunity the Broker arranges a meeting. During this initial meeting the buyer should be prepared to ask the seller about all aspects of the business to include a request for any additional financial information that may be required. If after this initial meeting the buyer wishes to pursue the opportunity with an offer, the buyer then submits a purchase offer to the seller. A purchase offer should be pursued only after the buyer has made a complete inspection of the business and has determined that this is the business that he or she wants to purchase. The Broker works as an intermediary in negotiating the purchase contract between the buyer and seller. During the period where the buyer examines the seller’s business and financial information in detail, the “due diligence period” as provided by the asset purchase contract, The Broker works with the seller in helping provide the buyer with the needed information. Due diligence includes not only an examination of the books and records of the business but also all of the other aspects of the business and market factors that may affect the business. Nemo Vista Brokers can also assist buyers in obtaining financing as we have many lenders who we can recommend for business acquisitions. Nemo Vista helps take the mystery out of the business buying process and offers buyers assistance and guidance every step of the way.

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