Formal Due Diligence In a general sense, due diligence in the context of business sales refers to researching and analyzing all relevant aspects of the past and present performance of a business. But what is ‘formal due diligence’? When should it start? Formal due diligence refers to the buyer’s investigatory phase of a business after … Read more
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill Confidence Key to Buying or Selling Businesses Selling or purchasing a business requires confidence. A seller must have the confidence that the asking price is fair, and the buyer must have the confidence that the price … Read more
Franchise Sales in South Florida Franchises are quite common these days. There are nearly 800,000 franchised businesses in the United States. Everything from pizza places to hotels do business under various franchised business models. Because of the excellent climate and demographics, many buyers wish to purchase franchised businesses in the South Florida area. When it … Read more
Potential Business Buyer Must be Qualified Whether one is a cash buyer or seeking external financing, every prospective buyer of a business must be properly qualified. The qualification process is a multi-step endeavor and often varies to some degree depending on the business being sold. All potential buyers must complete and sign a Non-Disclosure Agreement … Read more