Good time to make the offer to the seller? Answer: Before making the offer, you will have to investigate a number Philippines Phone Number of businesses. At some point in the investigation process, it may be necessary to sign a confidentiality agreement and show the seller a personal financial statement.
A confidentiality agreement
Pledges that you will not divulge any information about the business to anyone other than immediate advisors. If you do divulge any information without permission, it can consider espionage, and it is a felony.
A seller needs to protect his investment
You should determine a range of values for the business. An appraisal of the business can us to establish a pricing floor. A pricing ceiling can established by using an appraisal that capitalizes projected future cash flows under new management. You should also have access to all records needed.