River's Edge Alliance Group

Being a qualified buyer

Posted On: 05-16-2007

Some business brokers require prospective purchasers to submit a financial statement in order to receive confidential information about a business for sale.  Others merely require a buyer to sign a confidentiality agreement. Whether or not the business broker requires a financial statement from the buyer, it is a good idea to submit one.  

Intermediaries and business brokers talk with dozens of buyers every day that express a preliminary interest in the businesses they have listed for sale. Few "interested" buyers will actually complete a deal. By readily submitting a financial statement, you demonstrate your intentions as a serious buyer and provide evidence that you have the financial ability to complete the transaction if you so desire.

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