Business Brokers of Austin, Texas

VR Mergers & Acquisitions / VR Business Brokers located in Austin, Texas

 
Buying Process for Austin Businesses - Austin Business Brokers
  • COMMITMENT
    You make a commitment to purchase an Austin-area business at a price and terms consistent with the local Texas marketplace, and consistent with your needs and abilities as a business owner.

    DISCLOSURE
    You sign an agreement promising not to disclose the confidential information we provide to you on the Central Texas businesses we discuss.

    BACKGROUND INFORMATION
    You provide us with information about yourself, such as a resume and financial statement. The more we know about you, the more likely we can find an Austin-area business you will like. The more information we provide the seller, the better the terms he or she will consider.

    REVIEW
    Together we discuss and review various types of businesses, whether in Travis, Hays or Williamson County, and select some that appeal to you.

    INTRODUCTION
    We introduce you to the Central Texas businesses you may be interested in and discuss the important factors of each.

    MEETING
    A meeting between you, the seller and us may take place. This gives you the chance to ask questions about how the business operates in the Austin market, and to describe your qualifications to the seller.

    OFFER TO PURCHASE
    You write, with our assistance, an offer or letter of intent to purchase the Austin-area business you like. You may be required to put up earnest money to demonstrate your seriousness to the seller. Most offers are contingent upon your inspection of the books and records of the business, to verify that it has been described to you accurately. The offer is not binding until you are satisfied and remove all contingencies.

    PRESENT OFFER
    We present your offer to the seller.

    BACKGROUND
    We give to the seller your background, financial information, experience and point of view in arriving at the offering price, terms and conditions. Favorable background information about you will result in favorable consideration of your offer.

    EXPLANATION
    We carefully explain the terms and conditions of the offer to the seller and/and decision makers.

    ACCEPTANCE
    The seller accepts your offer to purchase as presented or submits a counteroffer.

    MUTUAL ACCEPTANCE
    When buyer and seller agree to all terms and conditions of the sale, the offer becomes a Purchase and Sale Agreement, contigent on your successful inspection of the business and its books.

    INSPECTION
    You meet with the seller of your chosen Texas business to examine its financial records. Any questions you have will be resolved at this time.

    CONTINGENCY REMOVAL
    If you are satisfied with your inspection of the business, you remove all contingencies in the agreement. It is now a binding agreement. You are only a few steps away from owning an Austin-area business.

    LEASE ASSIGNMENT
    We work with the landlord, if any, to get an assignment of the current lease or new lease for you.

    ESCROW/CLOSING ATTORNEY
    We provide all documents to the transferring agent or attorneys so they can prepare the closing documents. They conduct lien searches through the Texas record systems, and also make arrangements to assign any notes or equipment leases.

    INVENTORY
    Arrangements are made for you and the seller to count and price the inventory (if required).

    TRANSFER OF OWNERSHIP/CLOSING
    All parties meet to sign documents.


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  •  Buying a Business
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Each office is
independently owned
and operated

Our office is owned by

Derrick  Business  Group , Inc.

3445 Executive Center Drive, Suite 251
Austin, TX 78731

Phone 512 - 340 - 0181

Fax 512 - 340 - 0182
E-mail Us