• Obtain a Schedule of Businesses from the Business Broker.
• Study the Schedule and identify businesses that are interesting.
• Arrange an interview with the broker to discuss various Businesses.
• Undertake a Confidentiality Agreement with the Broker regarding information and details on the Businesses.
• Obtain names and addresses of some of the Businesses on the list.
• Visit the Businesses and inspect the area (Under no circumstances discuss or speak to the owner/s or staff).
• Visit the business and inspect and meet the owners with the Broker and get a comprehensive vision of the Business.
• Obtain all financial documents/statements and inspect.
• If the Business is what you expect present an Option to Purchase (with assistance of Broker) to the Seller.
• On acceptance an Agreement of Sale is then signed and a Deposit of 10% of the Purchase Price is paid to the Trust Account of the Broker).
• Transfer and Take Over are effected in the following months.

IMPORTANT FACTS

• Businesses on the List have already been selected (only 1 in 3) has the merits to appear on the schedule.
• The Broker must at all times be honest in his activities and present all the facts to the client.
• Use the broker to get more information.
• Do not be in a rush to make a decision.
• Where necessary use an Auditor or Lawyer to be involved with help and advice.
• The Agreement of Sale has important suspensive conditions protecting the Purchaser regarding the rent, finance to be obtained, information of Turnover, Due Diligence and more.