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Initially they may have some patience but waiting too long creates a France WhatsApp Number List fear they are missing out on other opportunities or this is a sign that this isn’t the right business for them and that they should move on and look at other opportunities. The window of time a buyer is prepared to look and buy a business is very small. So even a slight delay can make the difference between buying and not buying the business.

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When I am selling a business, at a minimum I get from the seller or put together myself the following set of documents. Each transaction is different so there may be other documents to organize but a basic set of documents includes the last 3 years Profit and Loss Statements, Tax Returns and Balance Sheets. It also includes a copy of the lease, a list of fixtures, furniture and equipment.

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And a Sellers Disclosure statement that explains to a buyer the conditions the business needs to successfully operate. Including regulatory requirements such as licenses, permits and other critical information. They need to know or take to ensure the business will operate legally under a new owner.

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