Specializing in Business Sales & Acquisitions

Satterlee & Associates, Inc.

815-637-6005 EMAIL US
4351 Ruskin Rd. Rockford, IL 61101
Fax: 815-231-8205

Our Process

Step 8: Intent of Interest (IOI), Letter of Intent (LOI) & Negotiation

Typically a buyer will provide an offer through an Intent of Interest (IOI) that is a non-binding document providing the proposed terms, valuation and structure of the transaction. A period of negotiation takes place with the buyer with SAI representing our client. If all parties reach agreement, the creation of a more formal agreement called Letter of Intent (LOI) takes place with the buyer obtaining exclusivity with the seller, removing the business from the open market during that time.
Step 7: Buyers Candidate Meets Owner & Tours Company Step 9: Due Diligence Period & Purchase Agreement
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