Your ultimate goal as a buyer or seller is to successfully close the deal with the most money in your pocket. The odds of closing a deal can only increase with a larger number of potential targets from a comprehensive list.
Sometimes like buyers, the business sellers might not be just one individual but a group or parent corporation. There are many different types of business sellers who are looking for buyers for a different amount of reasons.
The letter of intent (LOI) is a document where the buyer and seller agree to stop pursuing other potential business prospects and agree to wrap up the deal. The Letter of Intent creates provisions for both sides of the deal.
The experienced business brokers at George & Company have been helping Massachusetts business owners and business owners around New England plan and navigate the exit from their businesses for more than four decades.