Search for business process
Immigration plans
If your plans include immigration to the United States, you must first consult with an immigration attorney. The lawyer will tell you what criteria of the immigration service the acquired business must meet. Another aspect that needs to be answered by the lawyer is the type of visa that you have to obtain for the period of searching for a business and closing a transaction after entering the United States.
Search criteria
Before you start sorting through the options of what is on the market, you need to: decide on the financial criteria - budget (maximum purchase price), determine the minimum return on investment, choose the target industry (restaurant, production, etc.), and outline the geography of the search.
Database Search
You can conduct a preliminary search yourself or entrust it to a broker. Unfortunately, most databases publish very limited information about the businesses on the market. The number of employees (an important indicator for the immigration office) is usually not available for the public. The broker can search by all criteria, which, of course, frees up your time for more important things.
Confidentiality
In order to receive proprietary information about the businesses you have chosen, you have to sign a confidentiality agreement (NDA). Business sellers usually do not want their intentions to sell a business to become widely known before the deal is closed. After receiving the NDA, the seller provides part of the private information. You can get all of the information at the due diligence stage.
Offer and contract
Based on the information received, you can make a counter-offer to the seller. Part of this proposal may contain a list of documents that you want to receive for a comprehensive review. Before an agreement on the price and other terms of the transaction is reached, the seller most likely will give you only part of the requested documents. When you reach an agreement on the price, you can proceed to due diligence.
Due diligence
We strongly recommend that you involve experts for inspection of certain aspects of the business. It is in your interest to correctly set the task for them. Before you hire a consultant, you have to specifically describe which parameters of the business should be evaluated and what must be reflected in their reports.
Testimonials
Social proof is everything, see what others are saying
I was an experienced restaurateur by the time my wife and I came to the United States. That is why we were a little bit picky when we were looking for restaurant to buy.
Thanks God we met Alena Safonova and Victoria Palikopa - business brokers from Florida Buy and Sell. This team put a lot of effort to find the restaurant which is right for us. Eleni’s Pizza Work - the restaurant we eventually bought- was 53rd our brokers introduced us.
Thank you Alena and Victoria. You are the best business brokers is State of Florida.
Maxim Emm
Owner of Elini's Pizza
When I decided to sell one of my locations, I was hesitant to do so on my own. First of all, I am absolutely up to my eyebrows in my work as a dentist...
Dr. Alexander Gaukhman
Venitian Dental
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