Business Details Form

Thank you for selecting Caribbean Business Brokers to market and/or act as an intermediary in the sale of your business. In order to successfully market the business I will require the following information. Potential buyers require lease and financial information before making a purchase.Confidentiality Agreements are obtained from all potential buyers before releasing information. The buyer will seek a price based on the past performance and business assets.

Business Name : ______________________________________________________________

Address: _____________________________________________________________________

City/Town: __________________________ Country: __________________________________

Business Tel: __________________ Home Tel: ________________ Cell: ___________________

Fax: ________________________ E-mail: ___________________ Website: ________________

Owners Name(s) : _____________________________________________________________

Home Address: ________________________________________________________________

City/Town: __________________________ Country: __________________________________

Form of Ownership :

Individual Partnership #Partners Other _______________________________________________

Partners/Shareholders Names % ownership or #Shares: __________________________________

Why are you selling your business? _______________________________________________

Lease :

  1. Please provide a copy of the lease
  2. How much is your current rent? _______________________________________________
  3. Is this above or below average? _______________________________________________
  4. How long is your current lease? _______________________________________________
  5. How much of your lease is left? _______________________________________________
  6. Do you have an option to renew? ______________________________________________
  7. How much is the rent during the renew period? ____________________________________
  8. Is the lease transferable? _____________________________________________________
  9. If not, do you have a letter from the landlord agreeing to a new lease? ___________________
  10. Does the lease have an option to buy the real estate? ________________________________
  11. Do you have sub tenants? ____________________________________________________
  12. If so, attach the sub-leases

Landlord's Name: ______________________________________________________________

Address: ______________________________________________________________________

Business Tel: __________________ Home Tel: ________________ Cell: ___________________

Real Estate:

  1. Please supply the copies of deeds
  2. What are the land location details? ______________________________________________
  3. What is the plot size? ________________________________________________________
  4. Have you had an evaluation/ appraisal? __________________________________________
  5. If so, Please supply a copy of the appraisal.
  6. What real estate value have you given to the land? __________________________________
  7. How much land is available to build on? __________________________________________
  8. Do you have planning permission for additional units? ________________________________
  9. Do you have a plot plan? _____________________________________________________
  10. If so, please supply a plot plan

Outside the building:

  1. How many cars can be parked on premises? , on the street? _________________________
  2. What is the condition of the outside of the building? ________________________________
  3. Is there room for expansion outside? ___________________________________________

The Business:

  1. When was the business founded? _______________________________________________
  2. How long have you had the business? ____________________________________________
  3. What are your opening hours? _________________________________________________
  4. Which day do you close? _____________________________________________________
  5. What is your high season? _____________________________________________________
  6. What months do you close? ___________________________________________________
  7. Describe your business _______________________________________________________
  8. What business licenses do you require, how long are they valid and how much do they cost? ___
    _________________________________________________________________________

Business Interior and Assets:

  1. What is the sq. ft. occupied by the building? _______________________________________
  2. What is the sq. ft. of seating (restaurants only)? _____________________________________
  3. How many seats do you have (restaurants only)? ___________________________________
  4. Do you have an interior plan? __________________________________________________
  5. If so, please provide an interior plan.
  6. What is the insured value of your furniture, fixtures and equipment? ______________________
  7. Please provide a copy of your insurances. ______________________________________
  8. What did you spend on furniture, fittings and equipment? ______________________________
  9. When last did you replace furniture, fittings and equipment? ____________________________
  10. Please provide an equipment list.
  11. Please provide a list of leased equipment.
  12. What is excluded from the sale? ________________________________________________
  13. What improvements have you made? ____________________________________________
  14. What did the improvements cost? _______________________________________________
  15. Is a vehicle included in the sale? ________________________________________________
  16. What other assets does the business own? ________________________________________
  17. Is the business being sold free and clear of debt? ___________________________________
  18. Please provide a list of debts, liens and encumbrances that will need to be paid at the closing of the sale. (e.g. Mortgages).

Financial Information:

  1. What is your asking price? ____________________________________________________
  2. How did you arrive at that figure? _______________________________________________
  3. What was your total sales turnover last year? ______________________________________
  4. What was your total sales turnover for the year before? _______________________________
  5. Please provide Income Statements and Balance Sheets for the previous 3 years.
  6. What is your current Sellers Discretionary Cash Flow? _______________________________
  7. What was the Sellers Discretionary Cash Flow the year before? ________________________
  8. Are the owner's wages included above? __________________________________________
  9. Are any other family wages included above? _______________________________________
  10. How do you price goods? ____________________________________________________
  11. What margins are achievable? __________________________________________________
  12. Please describe the segments of your business and what percentage of total sales they represent.
    _________________________________________________________________________

Staff:

A. Family

  1. What is the owner's job description? _____________________________________________
  2. Which other family members work for the business? _________________________________
  3. What is each family member paid per month ? ______________________________________
    _________________________________________________________________________

B. Non Family

  1. Please list the number of each occupation employed (e.g. 1x chef, etc) ____________________
    _________________________________________________________________________
  2. What is the total wage bill for the above per week? __________________________________
  3. What is the percentage cost of benefits per week above the wage bill? ____________________
  4. Which of the above will leave with the change of ownership? ___________________________
  5. How long are the employment contracts? __________________________________________
  6. Will you pay severance to all staff when selling this business? ___________________________

Customers and Competition:

  1. Who are your customers? _____________________________________________________
  2. What do you offer better than your competitors? ____________________________________
  3. How do you market your business? ______________________________________________
  4. In what publications do you advertise? ____________________________________________
  5. How can your business be improved? ____________________________________________

Anything you would like to add? ___________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

Advisors

Attorney's Name: ______________________________________________________________

Address: _______________________________________________________________________

Business Tel: __________________ Home Tel: ________________ Cell: ____________________

Accountant's Name: ____________________________________________________________

Address: _______________________________________________________________________

Business Tel: __________________ Home Tel: ________________ Cell: ____________________

I certify that the above information is correct and I allow Caribbean Business Brokers to verify all information.

The Owner's Signature: __________________________________________________________

Date: _________________________________________________________________________

Copyright (c) Caribbean Business Brokers.