QUESTION 01How should a buyer define acquisition criteria?
A useful search profile includes industry preferences, geography, available equity, total budget, minimum cash flow, desired owner involvement, financing assumptions, experience, and timing. International buyers should separately identify immigration-related objectives for review by qualified immigration counsel. Clear criteria prevent wasted time on businesses that cannot meet the buyer’s operational or financial needs.
QUESTION 02What should a buyer review before making an offer?
Before an offer, a buyer normally reviews the confidential profile, financial summaries, asking price, lease overview, staffing model, owner responsibilities, and major stated risks. The initial review is not a substitute for due diligence. An offer should clearly state contingencies, proposed financing, deposit terms, diligence rights, and the anticipated closing process.
QUESTION 03What does buyer representation include?
The scope depends on the written brokerage agreement and applicable state law. It may include defining criteria, locating opportunities, reviewing available information, coordinating communications, preparing an offer, negotiating business terms, and organizing lender, attorney, CPA, escrow, and due-diligence participation. Professional specialists remain responsible for their own legal, tax, accounting, lending, and immigration advice.