Benchmark Business Group

Our Process

We take all of the guess-work out of buying a business in the Midwest with a proven process:

  1. Make an Appointment With Us

    schedule an appointment with our business brokersContact Benchmark Business Group today so you can visit our office, or schedule a phone conversation with one of our Business Brokers. Together we can discuss your business goals, determine your buying criteria, and if you’re a first-time buyer, explore the possibilities of owning your own business. Contact us for a discrete and confidential meeting with one of our business brokers!

  2. Focus on Goals

    work with our business brokers to help establish your business goalsOur Business Brokers can help you determine your “ideal deal”. Through a simple interview process, we work to understand your business goals and match your interests with businesses we have listed for sale. Part of our commitment to our Sellers is to help ensure you are qualified and have the financial resources and experience to purchase the businesses you may be interested in.

  3. Confidentiality

    Our Business Brokers maintain your confidentialityBefore any information is given out concerning businesses listed through Benchmark Business Group, a Buyer will need to sign a Confidentiality Agreement. This agreement helps ensure our client's best-interests are looked after. After this agreement has been signed, our Business Broker may share the confidential business information concerning sales price, cash flow, tax returns, employee data, annual sales, profit and loss statements, leases, business location(s) and much more.

  4. Touring the Business

    visit businesses for sale with one of our business brokersIt is important for you to meet the current owner as well as see the business for yourself. We will coordinate meetings with sellers, and at the appropriate time, schedule a private tour of the business. Meetings with sellers can occur at our office, at the business, or at a neutral location. This gives the Buyer ample opportunity to ask anything they wish of the Seller regarding the information that has been presented as well as any other questions they may have regarding the business operations.

  5. Offer to Purchase & Acceptance

    Having a business broker will help negotiations as you look to buy a businessOnce you decide to make an offer, we will assist you in identifying conditions and contingencies the offer should include. Our Business Brokers coordinate and communicate all negotiations between buyers and sellers until both parties agree on the final terms of the purchase.
     

  6. Financing

    Benchmark Business Brokerage will assist you in looking for financing to buy a business.  Our business brokers are with you every step of the wayBenchmark Business Group has a proven loan presentation system to help Buyers obtain financing. The Buyer will typically need to supply 25% of the purchase price, with the rest of the purchase price available from lenders. With hundreds of transactions completed by our Firm in the Midwest, our organization has gained the respect of bankers and lenders nationwide.
     

    Our Business Brokers will lead you through the entire financing procedure and help you develop a loan presentation package consisting of the financial records of the business you are buying along with your personal financial records.

    Our team will assist the Buyer in the presentation of this package to several institutions and help the Buyer review the terms the institutions offer so you can decide which loan commitment is best for you. After you complete the loan application, our Agent will assist you in understanding the remaining details of obtaining financing.

  7. Closing

    let our business brokers help you close on the buisness of your dreamsOnce financing is secured, a mutually agreed upon date and location for the closing are determined. Our team will work closely with the Buyer and Seller legal and financial representatives to prepare the closing documents. The Buyer & Seller will meet and sign the appropriate documents, at which time the transfer of ownership occurs!

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Want To Buy a Business?

Stay up-to-date with information for buyers on our Twitter and LinkedIN where we provide tips, links to helpful articles, and spotlight businesses for sale in Iowa and surrounding areas. 

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