Comments & Replies: 1 Topics: buying a business, deal structures, escrow bulk sales
Profile: Is writing a back-up offer worth the time when purchasing a small business? The short answer is yes, but a buyer should take certain things into consideration regarding the likelihood that their back-up offer will be in first position, if in the event their first deal goes sideways.
Key Words: joe ranieri, escrow, deal, deals, back up offers, deal structure, purchase agreement, purchase agreements
Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers
Comments & Replies: 13 Topics: buying a business, deal structures, legal issues, selling a business
Profile: I was discussing this topic with a potential restaurant buyer about the differences between a letter of intent and a business purchase agreement and discovered that it is common for buyers to ask about which documents they should submit when making an offer on a small business/restaurant.
Key Words: letter of intent, loi, purchase agreement, purchase agreements, letters of intent, restaurant, restaurants, jeff back