Finding the Right Business

When finding the right business to purchase, you must always remember there are 8 critical steps to follow. Our business advisors will guide you through each part of the process, so don’t worry. You can always ask our team any questions you might have along the way.

Take Charge

Congratulations on selecting Transworld to start your entrepreneurship journey off right. By being proactive and purchasing a company, you’ve made the first step in securing your financial future for years to come. Now, the process can truly begin, and we can help you find a business that fits your personal preferences.

Evaluation

We always recommend meeting your Transworld advisor in person first, but if that’s not possible at the moment, not a problem. Other options include communication via email or phone. Either way, the point of this meeting is to gather detailed information about your personal life goals, your current skill set, and how much financial backing you already have. We need this information to find the best business to fit your needs. Once we’re done with this phase, we’ll search through our vast market of resources and information to discover the right company for you!

Education

You will never be left out of the dark in getting the information you need before purchasing your company. Our advisors will keep you in the loop about what’s currently happening in the industry as well as anything that could impact the purchase. With our help, you will begin to understand the fundamentals of valuation, read Business Listing information sheets, filling out online forms, and see what kinds of opportunities are available in general.

Search

We’ll get you set up with a seller meeting and appointment. This is where all our hard work starts paying off. In this phase, we also get you all the information you need before meeting with your seller. It’s the perfect time to see if there are other opportunities available before you make the final purchase and sign all the agreements necessary. It’s okay if your search continues during this phase. If you’re unsatisfied with the opportunities you’ve found, we can always revisit the third Education step.

Make An Offer On the Right Business

You will be presented with an agreement between you and the seller. Our experts will share their experience in structuring the best deals so you can draft a contingent offer on a company you would like to purchase. A buyer and sale agreement will be presented to the seller with a deposit of good faith held in escrow to demonstrate you’re serious about your commitment. After all the negotiations are finished, you will likely have a contingent purchase agreement to buy the business. You will not be left empty handed if all goes perfectly well.

Due Diligence

We will verify to ensure the seller’s claims are accurate and coordinate the efforts of your legal and accounting professionals to meet all the contingencies at hand. With any financing involved, you must be able to get lender approval so you can qualify for repaying the loan.

Closing

Final preparations will be made for lease assignments, utility transfers, financing, merchant service accounts, inventory counts and any other last minute preparations to make the transfer as seamless as possible. Your acquisition will usually be completed by an attorney with the signing of several documents and the payment of the balance of the purchase price.

Post Closing

Transitional training by the seller may include meetings with employees and clients, technical education, computer updating, and other essential knowledge transfer. Transworld Business Advisors will be available to assist you with any questions or post-closing requirements you may have. Remember what you have learned throughout this process, because when the time comes, Transworld will still be here to help you sell your business.

Ready to Set Up Your Financial Future Through Transworld?

We’re so excited you’ve made the first step towards gaining financial freedom and having the lifestyle you’ve always wanted. To get started, please call us at 404-666-4486 or email [email protected] for more information!

3 Dunwoody Park Suite 103
Atlanta, Georgia 30338
(404) 666-4486
[email protected]