Due diligence has come and gone and the closing table is in sight. But we’re not quite there yet because a lot has to be accomplished for the buyer and seller to close on their business.
Pre-closing is when a large list of items gets buttoned up before closing, and the broker manages this whole process for the buyer, seller and their attorneys. These items can range from transfering the lease and setting up a new business entity for the buyer, to finalizing all of the financing if it is necessary to purchase the business. Simply put, pre-closing provides time in the timeline to ensure that all i's are dotted and all t's are crossed.
If you are considering the sale of a business or are interested in learning more about the process, please visit our website or schedule a complimentary consultation today!
Rachael Holstein has been the Marketing Manager for Transworld - Rocky Mountain since 2016. Her working experience has largely focused on business development and marketing in the finance, architecture, property management, and information technology industries. A long time resident of Cleveland, Ohio, she attained her undergrad from John Carroll University and her Master’s Degree in Global Interactions from Cleveland State University. In 2013, she relocated to Denver with her husband, Joe, and her furry companions to explore the mile high life!