BUYING A BUSINESS
- Understanding what type of business you are interested in buying. What are your expectations and goals for the future of the business? Are you familiar with the industry and do you have the skills, knowledge and the ability to produce a successful transition? Establishing parameters and understanding your goals allows us to search for a proper business venture.
- Preparation: Red Hawk will prepare an in-depth report of all the potential business ventures for your purchase based on our predetermined strategy and we will consult with you to determine your options so that you may obtain the most promising opportunities. Also preparing your financial statement so you can show good faith that you are financially capable of buying the business. We will work with you to secure the proper financing through our extensive relationships with lenders, banks, venture capital firms, SBA financing companies, private investors to just name a few.
- Planning: Red Hawk will contact the prospective enterprises through their advisors to gather the pertinent information needed to begin analyzing the business. Making sure the financials are true and correct while also checking for any hidden liabilities and obtaining a complete list of everything that is included in the sale as well as verifying the corporation is in good standing with the State.
- Meeting of the Minds: Arranging with the businesses advisors a time to meet with the owner(s) to go over the facts and details that were provided in order for you to make an educated decision about producing an offer on the business based on the outcome of the meeting. Discussions of Lease options, inventory and non-compete.
- Execution: Red Hawk will walk you through every step of preparing a Purchase and Sale Agreement to present to the Seller and consult with you regarding a fair market price offer along with the terms and conditions of the offer. We will assist in the coordination of due diligence, conducting and coordinating the meetings with your attorneys, accountants the seller and his advisors. Red Hawk will actively assist you to resolve any conflicts that may arise during due diligence to come to a fair and reasonable resolution.
- Closing: Once you have completed the due diligence and financing, leases and all other aspects are resolved you can proceed with a smooth transition for a successful closing.
- Post Closing: Red Hawk will be by your side to ensure a proper transition of ownership. We are part of your team and you can count on us! Our extensive business operational experience will ensure you will have a successful purchase and obtain your dreams of owning your own business!