- Discussions between principals of business and CBI+Team
- Business due diligence materials provided to CBI+Team to determine potential for deal success
- Reserve (non-disclosed) price agreed to
- Engagement letter signed and set-up/administrative fee paid
- CBI+Team begins assembling information for placement in CDR (Confidential Deal Room).
- CBI+Team begins compilation of list of prospective buyers for Business
- Sample e-mail list provided to Business for review and input
- Final information placed in CDR including non-disclosure agreement and sample offer form
- E-mail blast sent out with address of CDR
- CBI+Team monitors visits to CDR
- Follow up e-mail blast sent if initial list does not produce desired activity
- Offers received and presented to Business
- Finalists selected by Business
- Finalists contacted by CBI+Team and required to provide financial statements or other pertinent financial information proving buyer’s capability
- Finalists are invited to personally inspect business assets and location(s)
- Final bidding by buyer candidates
- Offer accepted by Business
- Closing
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Buyer receives keys to facilities
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Seller deposits proceeds from sale