Bernard Baxter is committed to providing an efficient, structured and professional approach to helping you buy a business. Please find below a series of steps that describes the end to end process of acquiring  a business.

Business Acquisition Approach Step by Step

1. You decide that you wish to acquire a business.
2. You contact Bernard Baxter Business Brokers.
3. A Bernard Baxter lead consultant discusses your objectives for acquiring a business.
4. The lead consultant discusses our business acquisition service and process.
5. You decide that you want to proceed with Bernard Baxter to purchase a business.
6. A business engagement letter is then signed by you.
7. Your business acquisition requirements are clearly and accurately defined which include industry, turnover, location, number of employees etc.
8. Bernard Baxter drafts a business acquisition memorandum.
9. Bernard Baxter undertakes market & database research to locate, approach and qualify business acquisition opportunities.
10. Bernard Baxter provides and reviews a number of business acquisition opportunities with you.
11. You decide which business acquisition opportunities that you would like to move forward with.
12. Bernard Baxter obtains further information on the acquisition target, such as the annual accounts, asset list etc
13. Bernard Baxter arranges meetings with you and the business acquisition targets, with a Bernard Baxter consultant in attendance.
14. You decide on a business to make a formal offer on.
15. A formal offer is made to purchase the business.
16. Bernard Baxter manages all communication with the business acquisition targets.
17. You appoint a legal representative.
18. The acquisition target accepts the initial offer.
19. You and your representatives perform performs due diligence on the business, which includes financial and legal due diligence.
20. A Heads of Terms Agreement is drawn up by your legal representative.
21. Further sales negotiations take place, with agreement on final purchase price and deal structure.
22. A Sale & Purchase Agreement is drafted by your legal representatives then signed by you and the business seller.
23. The Business acquisition has now been successfully completed, by Bernard Baxter effectively managing the business acquisition process.