the buying process
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We have invested to create this website for your convenience & ours. Please review ALL of the details before proceeding. We don’t want to waste your time or ours.
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Before we can send you the detailed financials & store information you need to complete this Buyer Profile & Non-Disclosure
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After we receive & review your information we will send you a link to a Dropbox folder containing all the information you need to evaluate the store.
This includes the store location, detailed financials, utility bills, lease, etc.
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Once you decide to conduct due diligence (cash count, visit store, etc) you’ll need to submit the following…
1) complete this Letter of Intent
2) provide 2% Earnest Money with is 100% refundable (minus $1,000) if you backout prior to the end of Due Diligence
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You have 20 days to conduct Due Diligence. This includes validating all aspects of the business.
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Both of our locations have been pre-approved for financing by a reputable lender that understands the industry.
The bank is called Eastern Funding. Their rate is Prime + 2% which is standard for banks. Here is a document outlining their process for financing.
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If you like what you see during Due Diligence, we will proceed to closing no later that 10 days after Due Diligence completes.
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The Seller will provide Buyer with 2 months of transition support & training. If more is needed, the Seller is open to doing this.