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COMMITMENT
Your commitment to purchase a business at price and terms consistent
with the marketplace that matches your needs and abilities.
DISCLOSURE
You sign an agreement promising to maintain confidentiality for all the information provided to you on the 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 a business you will like. The more information
we provide the seller, the better the terms he will consider.
REVIEW
Together we discuss and review various types of businesses and select some that appeal to you.
INTRODUCTION
We introduce you to the businesses you are interested in and discuss the important factors of each.
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BACKGROUND
We provide the seller information regarding your background, financial wherewithal, and professional experience. 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 decision makers.
MEETING
A meeting between you, the seller and your VR Business Intermediary may take place. This gives you the opportunity to ask questions you may have about how the business operates and to describe
your qualifications to the seller.
OFFER TO PURCHASE
You write, with our assistance, an offer to purchase on the business you like. A refundable, earnest money deposit will be required to demonstrate your seriousness to the seller.
REMOVAL OF CONTINGENCIES
All offers contain contingencies that must be removed before the contract is binding. Typical contingencies include your inspection of the books and records, assumption of the lease, and
attainment of proper financing.
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