Frequently Asked Questions

 
 
  • What are your professional fees for the service?
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  • Why do I pay an engagement fee?
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  • What do I receive for the engagement fee?
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  • How long does it take to find a suitable business for purchase?
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  • When the business purchase is identified, who handles the negotiations?
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  • Why should I use the service?




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     What are your professional fees for the service?
     

    We charge an engagement fee to commence the process. 
    Business Buying Services then charges a success fee based on the total purchase price of business that is purchased. 


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     Why do I pay an engagement fee?
     

    The fee establishes the seriousness of your request and authorises us to proceed.


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     What do I receive for the engagement fee?
     

    This fee establishes your information file and authorises us to address your brief.  The fee covers all correspondence and meetings up to the ‘Heads of Agreement’ between yourself and the purchased business.
    Any exceptional costs are approved by you before commitments are made. 


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     How long does it take to find a suitable business for purchase?
     

    The average time is 4 - 6 months.
    This can vary according to the complexity and specific requirements of your brief.  Further, the purchaser’s flexibility may vary.  You should allow up to 6 months to complete the whole transaction.


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     When the business purchase is identified, who handles the negotiations?
     

    All negotiations are handled through Business Buying Services’ office.  We create a space between yourself and the business you wish to purchase.  This space gives us more room to manoeuvre and can achieve an opportunity for a lower price.


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     Why should I use the service?
     
    Simply, greater opportunity to canvass the wider market and assess the available options.  Large amounts of funds are in play. 
    While most business sales are achieved directly by the vendor, our business is targeted to the purchaser.  Our company works exclusively for you. 
    The vendor is not charged a fee.  Although we work with brokers, their purpose is to assist us accessing the vendors.  There are no fees charged in this process.
    This makes dealing with Business Buying Services and our associates straightforward, independent and transparent.

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