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"
No person will make a great business who wants to do it all himself or get all the credit.
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-Andrew Carnegie
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Mailing Address:
The Bell Company, LLC
P.O.Box 271
Gainesville, GA 30503
Telephone:
770-536-7652
Fax:
678-450-6497
Email:
info@
thebellcompany.net
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When you are looking to purchase a business, we recognize that you are looking to make a dream come true.
You want to be your own boss, call your own shots, and be the master of your own destiny.
You should look for a business that you feel comfortable managing that financially is within your reach and is in a location that would be appropriate for you and your family.
You should work with a business professional to carefully identify those businesses in which you are most likely to be successful.
Typically, buying a business proceeds as follows:
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Identify what types of business you are looking for.
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Evaluate the basic information on each of these businesses.
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Obtain evaluation reports or confidential memoranda.
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Meet with the seller asking questions on anything and everything but not beginning negotiation on price.
It is important to get to know the seller and that the seller get to know you as a common philosophy will often make a deal work where differences of philosophy will make it impossible to get to closing.
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Begin your preliminary evaluation based upon information provided by the seller, to the broker and to you.
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Determine what else you need to know and follow up on that information.
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If interested, make an appropriate offer clearly reflecting that it assumes all the information you have been provided is correct. Don’t forget to include any necessary contingences to protect yourself.
Rely upon a business professional to help you with this.
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After an agreement is reached, make a much closer investigation of the business pursuant to the contingences in your negotiated agreement. Confirm to your satisfaction the validity of the offer.
After all, this is a large purchase and you want to be comfortable that you are making the right decision.
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Work with the seller and attorneys to get everything ready for the closing. Ideally, you should find a closing attorney whose job it is to create the documents but not argue for either side’s position.
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Close and begin operating the business. You will want to have negotiated that the seller assists in an orderly transition including any training that may be necessary.
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