BuyAndSellABusiness
Status Updates

As we continue to make changes to better your experience on BuyAndSellABusiness.com, we wanted to let you know that updates to our Terms and Conditions have become effective January 19, 2023. For your reference:

Terms and Conditions

We encourage you to review the updates at your earliest convenience.

For more information about these updates, read our FAQ or Contact Us.

Posted on January 23, 2023

Thanks for being a member of BuyAndSellABusiness.com!

Out of 40,000 members, we’re glad to have you onboard, buying and selling businesses with BuyAndSellABusiness.com. As 2023 approaches, read our 2022 recap.

Click here.

Posted on December 26, 2022

Registration is now open for #BossUp, our first virtual conference!

If you're contemplating buying or selling a business, then this conference is for you. We have 12 expert speakers sharing valuable insights on how to buy and sell businesses in the micro market.

Special shout out to our sponsor Appletree Business Services

https://hopin.com/events/bossup-virtual-micro-m-a-conference

Posted on December 06, 2022

We get asked this often: In Full Serve, where does the Purchase and Sale Agreement that needs to be uploaded in the Closing Phase come from? Here’s a quick explanation:

Generally in a For Sale By Owner situation it is the Seller that is responsible for putting together the Purchase and Sale Agreement. It should however be worked on with the Buyer's involvement so as to solidify their respective terms and reach mutual accord. The Purchase and Sale Agreement is binding, and is to be signed by both parties who also have their own copy.

We require both parties to upload their signed copies to the platform for the purpose of alignment and identifying the final purchase price so that the appropriate funds can be requested from the Buyer by our system.

The Purchase and Sale Agreement is usually created by a lawyer. If you are in need of one, you can submit a request with our legal partner, which can be found under "Deal Support" within the Offer.

Posted on August 17, 2022

We've had a few buyers question our process with regards to requiring them to send non-binding LOIs (letter of intent)/offers. So, we would love to clarify things.

Some sellers are open to connecting, in which the call to action on these listings are "Make Connection", while other sellers require a non-binding LOI/Offer, in which the call to action on these listings are "Send Offer". To dig in on the latter, sending the non-binding LOI/Offer is common practice as it provides context, confidentiality and a framework to engage in due diligence. Doing so also helps reduce tire kickers and aligns the buyer and seller with the terms and fundamentals of a deal.

During due diligence is when the buyer will request information and ask questions in order to make an informed decision. A buyer and seller do not have to move forward with the deal until an official purchase and sale agreement is signed, which occurs in the closing phase.

Here are some additional resources:

FAQ:
https://buyandsellabusiness.com/frequently-asked-questions

About Full Serve:
https://buyandsellabusiness.com/learn-more-about-full-serve

Contact Us:
https://buyandsellabusiness.com/contact-us

Posted on June 10, 2022