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COMMON QUESTIONS

 

Question: Am I under any obligation working with Saint Louis Group Business/Sunbelt? Who pays the broker’s commission?

Answer: As a prospective buyer, you are under no obligation to Saint Louis Group Business Brokers/Sunbelt. In the event of a sale, Saint Louis Group Business Brokers/Sunbelt commission is paid entirely by the seller; and a nominal closing fee will be split by the buyer and seller at Closing and paid to the neutral Escrow Attorney.

 

Question: I’ve never owned a business before, what kind of training is available for new business owners?

Answer: One of the greatest benefits of buying a small business is that in almost every case, owner training is included in the sale of the business. The terms of owner training are a standard consideration in the Asset Purchase Agreement.

 

Question: Can I bypass the broker and deal directly with the seller?

Answer: The seller has hired Saint Louis Group Business Brokers/Sunbelt, therefore all dealings must proceed through the Broker with NO exceptions.

 

Question: Can I hire Saint Louis Group Business Brokers/Sunbelt to help me buy a business?

Answer: Saint Louis Group Business Brokers/Sunbelt represents sellers exclusively. However, our comprehensive system is designed to provide qualified prospective buyers with every tool and assistance they need to buy a business.

 

Question: How is it to my advantage to deal with the Saint Louis Group Business Brokers/Sunbelt company?

Answer: Our job, in a nutshell, is to bring business sellers and business buyers together and do everything necessary to facilitate a smooth and successful change of ownership. Our experience, our system, our resources, and our skill at matching buyers with the right business are available to qualified buyers at no cost.

 

Question: Why not a letter of intent?

Answer: A letter of intent is used to remove a business from the market while the buyer reviews business records and prepares an offer for the business. Meanwhile, all promotion of the business is essentially stopped. At Saint Louis Group Business Brokers/Sunbelt we DO NOT use a letter of intent. We provide a package of business records and information prior to making an offer. Our Asset Purchase Agreement, which is specifically designed for these transactions, and is supported by the closing documents, is used to present offers and counter-offers.