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Buying a Business For Sale Guide (Simple) Step by Step Business Buying Guide 1. Determining Your Investment 2. Set Criteria of the Business 3. Finding the Right Business 4. Contacting the Seller 5. Evaluating the Business 6. Making a Decision 7. Obtaining the Contract (Purchase and Sale Agreement) 8. Writing and Offer (Purchase and Sale Agreement) 9. Finish Writing the Purchase and Sale Agreement 10. Presenting Your Offer to the Seller 11. Negociation (price, terms, and conditions) 12. Finalizing the Purchase and Sale Agreement 13. Breaking Down the Purchase Price - Price Allocation 14. Applying for a Loan 15. Applying for Licenses and Permits 16. Obtaining a Lease or Sublease 17. Opening a Business Bank Account 18. Signing the Closing Statement (1~3 days before the closing date) 19. The Night Before the Closing Date 20. The Closing Date
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