The Process
Our Process
This is the process followed for a buy or sell transaction of a business. If you are only interested in a Confidential Business Valuation Report or a General Business Operational Review, those are separate types of transactions and can be provided for a small fee.
- We begin with a Non-Disclosure Agreement, which allows Legacy Connect Partners (LCP) to confidentially review basic financial and operational information.
- Based on that information, LCP will prepare a FREE preliminary Confidential Business Valuation Report.
- Sign a Consulting Services Agreement.
- Marketing of the business to potential partners.
- LCP will meet with potential partners, obtain appropriate Confidentiality Agreements, provide them necessary information, and, as appropriate, arrange and conduct on-site visits.
- Identify partners to from which to solicit bids.
- Negotiate terms of a Letter of Intent to purchase.
- Conduct Due Diligence.
- Participate in meeting with the purchaser to ensure a smooth transition.
- Complete the Closing process within 60 to 90 days of signing the Letter of Intent.