As the owner of the Colorado-based Company Broker Group, Paul Olsen has enjoyed the chance to bridge the gap between numerous business sellers and buyers, ensuring the completion of successful business transfers and securing the most possible profit and best terms for every seller he represents. As a professional business broker, Olsen has come to know what it takes for buyers to both pursue and achieve successful business ownership, and provides what he believes the be the most essential steps to ownership success below.

Choosing Your Business Opportunity

The first step in purchasing a business, says Paul Olsen, is choosing the business that best fits your skillset, interests and financial capabilities. Buying a business can be a great way to take control over your financial future, and the buying process begins with the location of a business that gives you the best opportunity for success.

Determining Your Capabilities

Paul Olsen will work with you to both gather information and to determine your financial capabilities, your experiences and skillset, and your personal like objectives. This information and evaluation allows Olsen and CBG the chance to determine both your commitment to the process, and which businesses should be pursued.

Learning the Process

As a business buyer, you will want to know what is involved in the process before committing to a purchasing decision. Olsen and his team will provide a thorough explanation of the process, and work to improve your understanding of the current marketplace.

Searching for the Right Opportunity

The process of searching for a buying opportunity begins here, though so does the hard work. Paul Olsen and his team will provide you assistance in your search, help you in the signing of confidentiality disclosures, provide you with detailed business information and schedule necessary showings with the business. This step will help you refine your search and explore potential opportunities.

Making an Offer

Once you’ve chosen the business you’re most interested in, Paul Olsen will work to help you draft a contingent offer on the buying opportunity. He will then present a purchase and sale agreement to the seller. After any necessary negotiations, you should be left with the executed contingent purchase agreement needed to buy the company.

Due Diligence

This step entails the performance of due diligence by you, the buyer, to make sure the seller’s representations are accurate and complete. Olsen will work to coordinate the efforts of your accounting and legal professionals to ensure every contingency is satisfied.

Closing the Transfer

This step involves the final preparations of such things as financing, lease assignments, inventory counts, utility transfers and more; each performed to ensure the transfer goes as smoothly as possible. The acquisition is generally completed by an attorney through document signings and the payment of purchase price balance.

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