Interested Buyers are encouraged to contact us via email or by phone to learn more about our featured listings as well as other current businesses for sale. Join our Newsletter for periodic updates, price changes as well as current topics on M&A.
If you need a quicker response call us at 312-525-9622 and ask for Jim Peddle.
Corporate Office:
2500 West Bradley Place, Suite 200
Chicago, IL, 60618
United States
“Discover 10 best practices for crafting a Letter of Intent (LOI) for business acquisitions. Our expert guide helps buyers and sellers navigate M&A with a clear, non-binding LOI. Download our free LOI checklist today!"
Navigating the future of a business with multiple owners can be fraught with uncertainty and potential conflicts, particularly when it comes time to sell. A buy-sell agreement acts as a safety net, ensuring that all owners have a clear and mutual understanding of how a business will be valued, and the terms under which shares can be sold or transferred. This legal document is not just a formality; it's a critical component of business planning that can prevent costly disputes and ensure the stability of the business through major transitions.
The costs of drafting a buy-sell agreement are a prudent investment in the longevity and health of your business. Depending on the complexity, legal fees for a comprehensive agreement typically range from $2,500 to $10,000—a small price to pay for the security and clarity it brings to your business operations. Remember, the absence of a buy-sell agreement can lead to much higher costs down the line, both in financial terms and in lost time and opportunities.
Explore best practices for business buyers looking to meet with prospective sellers. From dressing professionally to asking the right questions, this guide covers essential steps to ensure a smooth and effective business acquisition process. Dive into key concerns for both buyers and sellers, along with top questions to streamline your buyer - seller meeting.
How much do SBA loans cost when utilized to purchase a business under $5,000,000? Here is a real-world example of a deal closed by Jim Peddle at Playbook Advisory in 2019.
Purchase Price $1.8mm
20% Down Payment
