BUYING A BUSINESS
If you are looking to buy a business, we can help. There are numerous businesses available for purchase that are confidentially listed with Umlauf, O’Dell & Associates, Inc. We discreetly find sellers and connect them with qualified buyers. When you use us to buy a business, you can be assured that a professional business broker will be handling your transaction. The chances are good that we can find the right business for you to purchase. An important thing for you to remember is there is no cost to you as a buyer for our professional services.
   
               
THE PROCESS: We will assist you
through the process of identifying and evaluating a business at a price that is satisfactory to you. Our representation
for a business buyer will generally
include the following procedures.
           
Financing
Once a purchase agreement has been signed, UOA will work with you to secure financing if needed. We have many established relationships with institutional lenders (both SBA & non-SBA) specializing in business acquisitions that are available to assist you in purchasing the new business and we are pleased to make the introduction.
Closing
An escrow attorney will be retained by both you and the seller to facilitate the closing of the sale. The attorney is responsible for filing the required paperwork, and ensuring that all licenses and leases are properly handled for both you and the seller.
Offer to the seller
If, after reviewing the information presented, there is an interest in purchasing the business, UOA will work with you to develop an offer. Again, the offer will be made only after you have conducted a complete review of the vital information and have decided that this is the business you want to purchase. UOA will work as an intermediary in negotiating any purchase contract between you and the seller.
Interview with the seller
Once you, as a buyer have been qualified, you will be required to sign a standard non-disclosure agreement form. Once this has been completed, a UOA principal will accompany you to the seller’s business for the purpose of introductions and to obtain vital information about the business and its financials.
Business evaluation
We assist you by determining the fair market value of each business we list for sale. In doing so, we evaluate cash flows, assets & liabilities, the income statement and the intangibles inherent in businesses. This includes intellectual property assets, name identity, important vendor relationships, operation and productions systems, distribution channels and employee levels and skills.
Search for specific businesses
We will review our own data base for potential businesses for sale that may fit your criteria. We will also research many channels including former business contacts, the Internet, service professionals and networking partners to find the right business opportunity that addresses your established criterion.
Interview
We’ll help you set your acquisition objectives by obtaining necessary information regarding your background, experience, skill levels and your capacity to fund the purchase transaction. We then put together this information to present you to the seller as a qualified buyer. This information will allow you to react quickly to opportunities that materialize.

 

Interview
Search for specific businesses      
Business evaluation
Interview with the seller
Offer to the seller
Financing
Closing    
     
        Click here to contact us about buying a business