| The Buying Process |
| Dear Corporate Executive Buyer, Thank you for your interest in one of our listings. The purpose of this letter is to explain how we will work together during this process. Please know that our company has spent a considerable amount of time qualifying these opportunities by preparing the business for sell, by completing a thorough and comprehensive interview. During that interview, we discussed the current and historical condition of this business, the current value of assets, and a complete review of this income statement. The information that we provide you is a compilation of our findings. Our responsibility to the business owners are to make sure the prospective buyer is qualified; meaning that the buyer is capable of buying the business based on his/her financial capabilities and professional experience. Therefore, we will need to collect some important information from you that will indicate your qualifications and will provide your purpose and intent in pursuing this business. We will enclose the following documents for your attention and completion: Buyer Warranty & Confidentiality agreement Buyer profile, Resume, Financial Statement Buyer disclosure Statement (You could submit on line www.losangelesbrokers.us LINK Buyer’s profile) or fax to 626-609-1850 At the completion of these documents, we will meet with you and conduct a thorough interview, covering: Your background, financial capabilities, interest in the business. Your buying criteria, expertise in this business/industry and time frame. Once we have verified information you have provided, we will present this business to you in the form as a Confidential Memorandum. The Confidential Memorandum will demonstrate the current and historical operation of the business, and should provide you with enough information to move to the next stage. If your interest remains sincere, we will present your information to the seller and will decide if he/she will meet with you privately to discuss the opportunity further. After meeting the seller and both parties are interested in pursuing this transaction, it will be expected that you will submit your interest in the form of an offer to purchase. Furthermore, including with your offer, you will be required to provide an escrow check equaling 5% of your offer. (Ernest money is fully refundable under fair conditions). You will be providing the opportunity to review the seller’s books and records to further verify the incoming, revenues and assets, as part of DUE DILIGENCE process, before proceeding to escrow. As you can see, this is a very logical but compelling process, that we will be glad to walk you through as we work together on this opportunity. Thank you again for contacting Fairmate and expressing your interest. We look forward to working with you. Patsy Chan President Of Fairmate LLC. |