What is the Buyer Profile?
This is important information given by the Buyer or Buyer representative to the Listing Broker/ Seller Broker / Seller/ Lender to who is interested to buy the business /pre qualify to buy the business. Most of the Sellers want to see the financial statement / pre qualification of the buyer before accepting the offer. It can also helps the Brokers/ Lenders to pre qualify the buyer for the desired loan amount either to purchase the new business or expanded the current business.
The BLSWorld (Business Listing Service World) is offering a Buyer Profile Application at FREE OF COST to help the Business Community.
- Currently do you own / operate any business? If yes, what type?
- Did you ever own a business? If yes, what type and How long you own the business?
- Was it run by you or run by employee?
- Reason for sale?
- What type of jobs you did in the past?
- What were your positions and responsibilities?
- What is the current job status?
- What is your position and responsibilities?
- What was the best business you ever had? Why?
- What was the worst business you ever had? Why?
- Describe in general what you think this business might be the perfect / right business for you? Why?
- What type of business would you never want to own? Why?
- What are the specific types of business you are interested to buy?
- What type of businesses have you looked?
- Why are the reasons you did not buy any one of them?
- How long have you been looking for a business?
- What is your time frame to purchasing a business?
- Where would you like to buy a business such as area / location/ radius?
- Are you looking for owner operated business or non owner operated business?
- Are you looking for Franchise business or individual businesses?
- What price range you are looking?
- Would you like to buy business only or business with real estate?
- How far would you be willing to travel?
- Are you presently working with another broker? If yes name of the broker so we can contact them for further.
- What CAP rate you are looking?
- What is your total down payment?
- Source of down payment?
- Liquid cash available to buy the business?
- Are pre approved for the loan?
- who is your Lender / Financial institutions approved the loan amount?
- How much loan amount you have been pre approved?
- Can we verify with your lender?
- When is yours pre approval is expiring?
- How soon they the loan can be funds if the offer approves?
- Did you ever discharge the IP/BK etc? If yes add details.