Our Acquisition Process
Five transparent steps to acquiring a premium business.
Sign an NDA
Before any details are shared, all parties sign a confidentiality agreement protecting the seller.
Review the CIM
Receive the Confidential Information Memorandum with financial statements, operations overview, and growth opportunities.
Realtor Introduction
Your dedicated BuyMyBiz Realtor facilitates a direct introduction between buyer and seller.
Due Diligence
Conduct thorough financial and operational due diligence with our support throughout.
Offer and Close
Submit a Letter of Intent, negotiate terms, and close with our expert guidance.
Frequently Asked Questions
Common inquiries about our confidential process.
The timeline can vary significantly depending on the complexity of the business, financing, and due diligence. On average, you can expect the entire process to take between 3 to 6 months from the initial inquiry to closing.
Yes. To protect the seller's business operations, employees, and customer relationships, we require a signed Non-Disclosure Agreement (NDA) and a brief buyer profile before we release the Confidential Information Memorandum (CIM).
A CIM typically includes a detailed overview of the business operations, historical financial statements, asset lists, lease agreements, customer demographics, and growth opportunities. It provides the foundation for your due diligence.
Absolutely. While we are not a lender, we have strong relationships with major Canadian banks and alternative lenders who specialize in commercial and acquisition financing. We can facilitate introductions to streamline your funding process.
Due diligence is your opportunity to verify the claims made by the seller. This typically involves reviewing tax returns, bank statements, supplier contracts, equipment condition, and any pending legal issues. We help coordinate the data room to keep this organized.