Buying a business is a big step, and we’re here to guide you through it. We take the time to understand your goals and provide advice tailored to your needs. Whether you’re new to business ownership or a seasoned entrepreneur, we simplify the process and help you move forward with confidence. With Endeavor Business Brokers, you’re not just making a purchase—you’re making a smart investment with a trusted partner by your side.
Find the Business of Your Future
What We Need from You
If you’re serious about buying a business, we’ll need a few key details to ensure the right fit and a smooth process. Here’s what we require to move forward:
1. Signed Confidentiality Agreement (NDA)
Before receiving a detailed marketing package outlining one of our business listings, you’ll need to sign an NDA to protect all parties. Confidentiality is at the core of our values, making this a mandatory requirement.
2. Your Experience and Background
Buying a business isn’t just about having the funds—it’s about knowing what to do once you own it. We’ll first schedule a Buyer Interview to learn more about:
- Your Professional Background: Whether you’ve owned a business before, managed teams, or worked in the industry, we want to know what experience you bring to the table.
- Transferable Skills: Even if you’re new to business ownership, skills like leadership, sales, finance, and operations can make you a great fit for certain opportunities.
3. Your Readiness and Intent
We like to match buyers with businesses that truly fit their goals. During the Buyer Interview we will additionally discuss:
- Your Long-Term Vision: Are you looking to grow the business, maintain its current success, or eventually expand into new ventures?
- Your Investment Goals: Do you want a hands-on role, or are you seeking a passive investment?
- Your Commitment Level: Are you ready to make a move now, or are you exploring options for the future?
4. Proof of financial capability
Before moving forward and scheduling a Buyer/Seller Meeting, we need to confirm you have the financial means to make a purchase. We will require at least one of the following:
- Proof of Funds (POF): A bank statement or letter from your financial institution.
- Personal Financial Statement (PFS): A breakdown of your assets, liabilities, and available capital.
- Source of Funds: Are you using personal savings, a loan, investors, or did you find a treasure chest? Let us know.
- Pre-Approval Letter: If you plan to finance, we’ll need a note from your lender that says, “Yep, they’re good for it.”
5. letter of intent (LOI)
After our initial Buyer/Seller Meeting, and once you’ve had a chance to explore the business and are seriously considering the acquisition, we’ll ask you to submit a Letter of Intent (LOI). This document outlines your intent to purchase and includes:
- Purchase Price: Your offer for the business.
- Terms & Conditions: Any specific terms, such as contingencies or transition requirements.
- Timeline: Your preferred timeline for completing the deal.
- Financing Details: How you plan to finance the purchase.
Ready to take the next step? Contact us today!