Skip navigation and jump to content.

Ten Things To Know
If You're Thinking of Buying A Business 

restaurant owner.jpg
Buying a business can be a daunting task. Most buyers are faced with challenges they have never encountered.  When you work with Compass Commercial we offer experience and sound advice to get you to your goals.
And by the way...these services are most often paid for by the seller.

 

 

  1. Define Your Goals.
     We work with you to define your motivation, needs, and business type.
  2. Understand Your Ability to Buy. 
    We help you define what you can realistically acquire, including your ability to attain financing. We will educate you on the variety of financing and the terms of the deal.
  3. Formulate Your Strategy.
     We outline a strategy from the beginning of your search through business ownership.
  4. Find Professionals to Use
     We will suggest when to use Attorneys, Accountants, Bankers and Brokers and who to use.
  5. Search for Businesses
     We have expertise and knowledge for effective business searches. We will also contact specific businesses on your behalf, in an effort to determine the current owners’ interest in selling.
  6. Review the Opportunity
    We will save time by getting to the facts and help to eliminate opportunities that are unrealistic or deceptive
  7. Offer to Purchase
    We can work with your legal council to help craft the Offer to Purchase Agreement or use our standard contract. We will help develop price & terms that make sense for you and promote success.
  8. Facilitate Due Diligence
    This is the key process that will determine the viability of the business and whether or not it is a fit for you. We know what to ask for and will help to avoid making a hasty or uneducated decision.
  9. Provide Negotiation Assistance
    Most buyers have never bought a business before and our expertise in this area can mean the difference of thousands of dollars, as well as, the ability to help make the transaction truly a "win-win" for all parties.
  10. The Closing Process
    This is a very delicate step that requires a lot of leg work. We can help facilitate this process for the buyer and maintain communication with the selling party to improve the chances of success. A successful and satisfying transfer is our goal.