Helpful information to provide the seller – when making an offer for a business!
Proposed Terms
• Purchase Price:
• Estimated Closing Timeline: [60–120 days including due diligence]
• Commitment to Employees and Operations: Outline your intention to preserve key staff and maintain business continuity
• Financing: Demonstrate sufficient funds and/or pre-approved financing available to complete the acquisition
These are usually provided in the form of a Heads of Terms document or Letter of intent.
Proof of Funds
NB This is vital to give the seller confidence that you are an appropriate serious buyer.
Available upon request in the form of:
• A recent bank statement showing sufficient available funds; or
• A bank letter confirming financial capability, such as:
“To whom it may concern,
This letter confirms that [Your Name] has sufficient funds available to pursue the purchase of [Business Name].”
A soft Letter of Commitment from alternative lenders may also be provided if applicable.
Your Background & Experience Summary (helpful to provide)
• Managed or owned businesses in [industry] for [X] years
• Experience in operations, financial management, and business growth strategies
• Successfully led [specific achievement or business milestone, if applicable]
Professional Representation
List your professional advisors who are available to support the transaction process, including:
• Legal representation – commercial lawyer
• Accounting and financial review support – accountant
Additional Information
To help facilitate a smooth and efficient process:
• Communication should be clear, professional, and timely
• Proof of funds and supporting documentation must be supplied promptly
• References from business associates, partners, or mentors can be helpful
For more information contact Rupert Trevelyan at Weybrook Business Brokers