Business Sales Process in Baton Rouge

The following is a step-by-step summary of the typical business sales process:

  1. Initial seller meetings are conducted by the seller’s broker (a professionally trained business broker, holding a real estate license when required) and the seller is educated on the process of selling a business.
  2. Market analysis, appraisal, price positioning.
  3. An Engagement Agreement or listing agreement is filled out by the seller’s broker & signed by the seller. Immediately after signing the Representation Agreement, the Seller provides the Broker information to be presented to potential buyers.
  4. Seller’s broker prepares all of the marketing information and it is approved by the seller. The Engagement Agreement is entered into the Sunbelt proprietary database, and a Business Profile is created. Seller’s broker introduces the Business and fields initial questions to all of our other brokers.
  5. All other brokers match the Seller’s Business Data (SBD) against buyers in their respective databases (Buyers who have previously been interviewed). Seller’s broker plans an advertising strategy and the SBD is added to web sites in such a manner so the general public cannot identify the business.
  6. Buyers who have responded from the advertisements will have their backgrounds and finances screened to determine if they are suitable for the business. If buyers are interested in the business for sale, they will be shown a Business Profile. If further interest is shown, the seller’s broker will arrange a meeting with the seller.
  7. If a buyer wants to make an offer, the buyer’s broker will write the offer and secure a deposit.
  8. Seller and seller’s broker will review each offer and decide whether to accept it, counter the offer, or reject it.
  9. Once an offer is accepted, the seller’s broker will arrange a seller/buyer meeting where the seller and buyer can begin addressing appropriate due diligence.
  10. Contingencies are address and resolved.
  11. The broker will help expedite the legal documentation and any  revisions to the final sales contract.
  12. The actual sale takes place.

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Sunbelt is proud to be the world’s largest business brokerage network. Each of our offices is independently owned and operated by an experienced and professional owner who lives and works in the community in which they operate.

Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.