Congratulations! You have decided to acquire a business. CR Commercial Realty Inc. can streamline your search and assist in your aquisition of your new business. Though no two business transactions are alike, listed below is "10 Steps" for a guideline to be customized for your unique purchase. Thank you.
Take a sincere look at your strenghs and weaknesses to decide if business ownership is right for you. Value the risk versus rewards of any particular venture you may seek before entering into any purchase. Discuss the life changes with your inner circle.
Find the best TEAM that you can. This includes but is not limited to your accoutnant, attorney, business broker, banker, etc.
Gather a complete financial overview with documentation of where you are at now along with a resume' of your past experiences/duties/positions held. All bankers and/or lenders will ask for this so you might as well have it ready beforehand.
Get pre-qualified with your lender. A brief inquiry with your financail sources will give you a guide of what ranges are available to you if outside funding is needed. If looking to self finance, take an overview of your personal living expenses for a period of 12 months minimum in addition to your purchase price.
Fax your buyer form package (non disclosure, buyer worksheet, financial worksheet, buyer broker agreement) to Michael Kellem of CR Commercial Realty Inc. at
This will streamline the results to those most suited for your particular qualifications and requests and enable realistic and quality showing appointments which will assist in reaching your business acquiring goals. All forms can be requested at the bottom of this page.
Review findings from CR Commercial Realty Inc. and analyze for your particular objectives. After review and initial screening of presented business considerations, schedule showings of those of most interest and complete initial due dilligence.
After your in person viewings, narrow your selections and speak with your team about the merrits and risks of each after due diligence. Complete any follow up showings and meetings with seller/owner(s) to answer any questions.
Make your offer with a good faith deposit and supporting documents pending any contingencies advised by your team.
Complete any contingencies and notify your team that you are ready to close on the business.
Close on the purchase of your new business & complete any requested follow up items after the closing.
Let's get started on your journey to business ownership. Please request the desired buyer forms highlighted on this page. Your requested forms will be delivered to your email for completion & acceptance.