Tim Bullard, President

Tim Bullard, President

"Once you have made the committment to BUY, SELL, or IMPROVE your business with VR, you have access to an unequalled group of expertise, experience and support to insure you successfully meet your goals in a professional, informed way."

Each office is
independently owned
and operated

Our office is owned by

Lakes Business Group, Inc.

W229 N1433 Westwood Drive #106
Waukesha, WI 53186

Office: 262-347-2083
Toll free: 877-447-2083
Fax: 262-347-2090

E-mail Us

All Information is Confidential

The Buying Process

Commitment

We meet to discuss your exact requirements and our ability to perform on yor behalf.  We educate you on the process and how we conduct ourselves on your behalf.

Disclosure

VR Biz LakesYou sign an agreement promising to maintain confidentiality for all the information provided to you on the businesses we discuss.

Background Information

You provide us with information about yourself, such as a resume and financial statement. The more we know about you, the more likely we can find a business you will like. The more information we have to provide the seller, the better the terms he or she will consider.

Review

Together we discuss and review various types of businesses and select some that appeal to you.

Introduction

We introduce you to the businesses you are interested in and discuss the important factors of each.

Meeting

A meeting between you, the seller and us may take place. This gives you the chance to ask questions you may have about how the business operates and to describe your qualifications to the seller.

Offer to Purchase

You write, with our assistance, an offer or letter of intent for the business you like. Earnest money may be required to demonstrate the seriousness to the seller. Most offers are contingent upon your inspection of the books and records of the business. The offer is not binding until you remove all contingencies.

Present Offer

We present your offer to the seller.

Background

We give to the seller your background, financial information, experience and point of view in arriving at the offering price, terms and conditions. Favorable background information about you will result in favorable consideration of your offer.

Explanation

We carefully explain the terms and conditions of the offer to the seller and decision makers.

Acceptance

The seller accepts the offer to purchase as presented or submits a counteroffer.

Mutual Acceptance

When buyer and seller agree to all terms and conditions of the sale, the offer becomes a Purchase and Sale Agreement.

Inspection

You meet with the seller to examine the financial records. Any questions you have are resolved at this time.

Contingency Removal

You remove all contingencies in the Agreement. It is now a binding agreement.

Lease Assignment

We work with the landlord to get an assignment of the current lease or new lease for you.

Escrow/Closing Attorney

We provide all documents to the transferring agent or attorneys so they can prepare the closing documents. They conduct lien searches and also make arrangements to assign any notes or equipment leases.

Inventory

Arrangements are made for you and the seller to count and price the inventory (if required).

Transfer of Ownership/Closing

All parties meet to sign documents.

 

Please contact us for more information.