Our Business Sale Options
At Orlando Biz Buyer, we believe in two business acquisition approaches:
Traditional Sale
A traditional sale is the most common method of selling a business.
In a traditional sale, the buyer and seller work together to find a fair value of the business, the terms of the purchase and sale agreement are negotiated, and due diligence is performed.
After these steps are complete, the parties sign the purchase and sale agreement and the deal is finalized.
Then the transition plan begins, where the previous owner trains the new owner to successfully run the business.
From start to finish, a traditional sale can take anywhere from 6 to 12 months to complete.
Buy-In
A buy-in is similar to a traditional sale, but allows for more flexibility.
The buyer and seller still work together to determine a fair value of the business, and due diligence is performed. However, the purchase and sale agreement will differ considerably.
During a buy-in, the buyer will work as a manager in the seller's business and gradually take over the responsibilities of the owner, eventually leading to the complete sale of the business. This allows for a smoother transition between the seller and buyer, as well as additional cash flow to the seller during the transition period.
A buy-in is much more gradual than a traditional sale, and takes 1-2 years to complete (due to the longer transition period).
