Once your business is listed with Hallmark Business Sales, the following steps are immediately planned and implemented:
1. Research, preparation and production of a precise Memorandum of Information (we will need all the information summarised in Preparing Your Business for Sale. If applicable, we also prepare a DVD on your business to be shown to potential buyers.
2. Our database of qualified buyers is analysed by data-mining. This extensive buyer’s database is developed from our network of offices and suitable candidates are contacted by e-mail and phone.
3. Interviews with potential buyers are conducted in our offices. Hallmark Business Sales insists, wherever possible, all prospective buyers sign a Confidentiality Agreement in the presence of a trained Hallmark Business Broker. This guarantees that each buyer looking at your business is qualified both by buying price and intentions.
4. An inspection of the business is undertaken with a Hallmark Business Broker in attendance, at a time convenient to you. We
understand the need to avoid any disruptions to your business and will arrange times that best suit you whether before, during or after operating hours.
5. Comprehensive negotiations are undertaken on your behalf. In addition to negotiating an agreeable sale price, your Hallmark Business Broker will address and negotiate additional issues, such as special conditions, settlement arrangements and due diligence support.
6. Hallmark Business Sales can also assist the buyer with arranging finance through its relationships with financial institutions, which can enable the buyer to confirm their buying capacity.
7. A written offer in the form of a contract will be drafted by your Hallmark Business Broker and presented to you. The Broker will walk you through the contract and any questions you have will be answered, although it is also very important to seek your solicitor’s legal council.
8. The contract stages and special conditions are managed through to completion.
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