Commitment - A Buyer's commitment to purchase a business at price and terms consistent with the marketplace.

Disclosure - The buyers signs an agreement promising to maintain confidentiality for all the information provided on the business we discuss.

Background Information - The more we know about the buyer the better it enables us to find the right business for them. Also, the more information provided to the Seller, the better terms he/she will consider.

Review and Showings – The buyer and a Transworld Agent review, discuss and visit various businesses for sale.

Meeting – A meeting with buyer, Seller and the Transworld Agent as an open forum for both parties to ask detailed questions.

Offer to Purchase – Write, with our assistance, an offer to purchase the business. The offer will be contingent offer, meaning it is non-binding until all the conditions have been met by the Seller.

Acceptance – The Seller accepts the offer as it is written or writes a counter offer. When Buyer and Seller agree to all terms and conditions of the sale, the offer becomes a Purchase and Sale Agreement.

Due Diligence – Buyers meet at our office or the business to examine financial records. This includes any documentation that the Buyer’s accounting professional may request! Any questions you have are resolved.

Contingency Removal – Buyers remove all contingencies in the agreement. It is now a binding agreement. From here, the Transworld Agent will coordinate with any legal professionals the lease assignments, lien searches, inventory counts, and any other coordinating efforts needed before closing.

Closing – All parties meet to sign the documents.

Transitional Training – In order to insure a smooth and successful transition of ownership, it is customary that the Seller continue to work with the new Owner in a training period.