FREQUENTLY ASKED QUESTIONS

Is there a Brokers commission included in the Asking Price?
No. The business is for sale by the owner. No Brokers commissions have been added to the asking price.

Will the seller assist in financing the purchase?
Yes. The amount and terms are negotiable with a qualified purchaser.

Is it necessary to hire my anyone to represent me in this transaction?
No. But if you feel uncomfortable negotiating directly with the seller you can certainly hire a Broker, an accountant, or an attorney to represent you. You of course will be responsible for their fees.

Do the employees know the business is for sale, and will they stay with a new owner?
Yes. The employees know the business is for sale, and they are willing to remain with a new owner.

Does the Landlord know the business is for sale?
Yes. And he is agreeable to an assignment of the existing lease to a qualified buyer, or is willing to negotiate a new lease for the storage facility.

Is SBA Financing available?
Yes. But approval will depend on the qualifications of the new owner.

Is the proposed sale an asset sale or a stock sale?
The proposed sale is an asset sale.

Is an escrow necessary to close the transaction?
Yes. An escrow is required, and will protect both the buyer and seller in the transaction.

How long will the seller remain to assist me in taking over the business?
This is a matter of negotiation between the buyer and seller.

How can I get more information, or see the business?
You can contact the seller (or his attorney) by phone or e-mail to ask any questions, and to make an appointment to visit the location. Telephone numbers and e-mail addresses are included in the information on this website.

How soon can we close the escrow?
The closing date will be determined by negotiation between buyer and seller.