SellingStores specializes in selling retail stores. We've provided brokerage and valuation services for the retail industry for over 4 years. We have the experience, expertise and objectivity to answer business buying questions. We match your needs, interest, and financial capabilities to the right business listing. One of our axioms is "we don't sell you something you don't want!" Our services are free to buyers. To view listings, please login and register with us.

10 Steps to Buying a Business through SellingStores As SellingStores is honest and professional, we ask the buyer to be equally honest and professional throughout the buying process. You must sign SellingStores Confidentiality Agreement and Disclaimer prior to receiving business information. This can be done on-line at the convenience of your computer. All proprietary business information must be kept confidential. Before a purchase agreement is drafted, the Buyer should not discuss the sale of the business with anyone, particularly the owner, employees, or customers. You agree to provide accurate information about yourself, such as contact information, experience background, types of businesses desired, geographic regions desired, and financial information. SellingStores will provide a selling package on businesses that interest you. SellingStores schedules a phone conversation or on-site meeting with the Seller, giving you the chance to ask questions about how the business operates and to discuss your qualifications with the seller. Once satisfied, make an offer with contingencies to purchase along with a good faith deposit. The most common contingencies are: Financial due diligence and verification. Transferring of existing lease or negotiating a new lease. Financing, if required. Inspection of the fixtures and equipment. Physical count and accounting of the inventory. Transfer of Alcohol License, if any. Approval of Seller's Disclosure Statement. You can have your attorney draft the purchase agreement or SellingStores can draft the purchase agreement on a SellingStores standard purchase agreement form. We present the offer to the Seller and the Seller rejects, accepts or counters to the offer. A bulk sale escrow is opened and the contingencies to purchase are diligently addressed by the Buyer and Seller. SellingStores manages the escrow and assist the Buyer and Seller with requirements and time lines to complete the sale as agreed. When contingencies to purchase are removed, the legal closing of the bulk sale escrow begins. This includes completing the items needed to transfer the business (i.e. open bank accounts, obtain licenses, obtain insurance, etc.). Signing the escrow/closing documents occurs just prior to closing. At this time the balance of the purchase price plus inventory is deposited into escrow. The two parties sign escrow documents. Inventory is counted the night before closing. And the deal closes. It usually takes several days after the close to value the physical inventory count.