We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail.
Making an offer
Assuming everything is good so far and you want to buy the business, it’s time to make an offer and start negotiating. Typically you’ll go through an offer/counter-offer session and hopefully both parties will meet somewhere in the middle.
Most likely it will be required that you are asked to secure your offer with a non-refundable deposit; it’s the only way to ensure you’re serious about the deal. Do your best to remove all emotions and be prepared to walk away if the price is more than you’re willing to pay.
About Brightblue Transition Solutions
Located on Vancouver’s North Shore we are the premier business broker in the lower mainland, contact us if you need any help buying or selling a business in the greater Vancouver or lower mainland areas.