Buying a business is a challenging, but hopefully a
very fulfilling experience. Rapt Enterprises, Inc. assists
the Buyer and contributes to the transition by offering
guidance and education at every step in the process.
Initially, an interview is set up between the Buyer
and Rapt to establish the Buyer's criteria and to determine
his financial, technical and business abilities. At
this session the overall buying process will be reviewed
with the Buyer so he will know what to expect before
the negotiations are entered The Buyer will be required
to complete a non-disclosure agreement and a buyer registration
form for each of the businesses disclosed that meet
his criteria. The pertinent details of selected business
opportunities, including financial information, are
communicated to the Buyer.
Following the Buyer's research of the industry under
consideration, a visit to the Seller's facility is arranged.
When the Buyer is satisfied with the opportunity, Rapt
works with the Buyer in developing an offer sheet and
acts as an intermediary in negotiating the contract
between the Buyer and the Seller.
Rapt works with the Buyer in securing the approval of
financing, the transfer of licenses, the assignment
of lease and franchise rights, and the performance of
due diligence for the target company.
Attorneys are retained by both the Buyer and the Seller
to protect their interests and complete the transaction.
He is responsible for generating and filing the required
paperwork, ensuring that all licenses and leases are
properly handled, and disbursing the funds.