Financial data Lease details Asset list Following receipt of the information memorandum, if you decide that the business is suitable for you then you will sign a confidentiality agreement and further detailed information is provided: Visiting the Business Meeting the owner and visiting the business is an integral step in the buying process. After you have analysed the Memorandum and if it appears to meet your requirements you will then want to explore the business workings. Your broker will schedule a meeting with the owner, the broker and yourself to discuss and show you the operational aspects of the business. This meeting is often conducted outside of normal business hours particularly if the staff are not aware of the impending sale. At this stage no formal offer to buy has been made and while every effort will be made to ensure your questions are answered, there will be business information that cannot yet be disclosed. In consultation with your advisory team you now have to satisfy yourself that you have enough information in order to make an offer to buy the business. STEPS IN THE BUYING PROCESS eieio.co.nz
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