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ABI Active Search Program
Are you a serious buyer? You need a serious broker! Working with multiple business brokers is very frustrating. Plus, your “perfect” business may not be on the market and searching can take months. ABI has the answer; we call it the ABI Active Search program. No more sitting back and waiting for an attractive opportunity to hit the market—be proactive!
Click here to learn about the profound differences between the ABI Active Search program versus the standard Passive Search.
ABI Business Sales
125 Ryan Industrial Court Ste 100
San Ramon, CA 94583
(408) 931-3050
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Steps to Buying a Business
- Make the Decision to Buy an Existing Business
- Prepare your finances and personal life to make an acquisition
- Call ABI to get professional representation
- Decide whether to proceed with the
ABI Active Search or a Passive Search
- Initial Consultation with ABI
- Complete buyer profile; review resume, skills/interests, and income requirements
- Learn about the business buying process and capital requirements
- Assistance in identifying a potential business opportunity that meets your goals
- Complete the appropriate Confidentiality Agreement (NDA)
- Review Confidential Business Review
- Meet the Owner and tour selected business with ABI
- Ask probing questions (this is not an appropriate forum to negotiate)
- Identify key factors and unique characteristics of the business
- Fully understand the complete business opportunity
- Can you see yourself working at the business every day?
- Provide feedback to ABI, your likes and dislikes
- Additional Meetings With Owner, if Necessary
- Confirm the business is truly right for you
- Make Offer With Earnest Money Check
- Earnest money will be held by ABI, uncashed
- Include applicable contingencies
- Negotiations and Counter-offers, if necessary
- Conduct Detailed Inspection of Business (Due Diligence)
- Review detailed financial information provided by Seller
- Inspect furniture, fixtures, and equipment (FF&E)
- Remove all contingencies
- Open Escrow (minimum of 12 non-holiday business days)
- Escrow will complete all necessary searches
- Review final escrow documents
- Inventory to be counted one day prior to final closing
- Closing – Congratulations, you are now a business owner!
If you are interested in learning more about the Business Buying Process, download a short pamphlet by clicking here.
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