What is it?
Veracity Acquisition uses Vendor Financing Method to acquire business. Vendor Finance is when the seller of a business provides financing to the buyer. This is done by the buyer making regular payments to the seller, from the cash-flow and profit generated by the business.
How does it work?
-
Sales & Purchase Agreement
Come to an agreement on the terms of purchase. This includes purchase price, payment structure, interest rates, repayment period and other financial arrangements.
-
Deposit Paid
We use management buy out method or vendor financing method. We may pay you a deposit on the purchase price of the business, depend on the nature of the business. Utilizing the business cashflow, we begin making regular payments as set out in the Sales & Purchase Agreement.
-
Transfer of Ownership
Work with your legal advisor to facilitate and transfer ownership of your business and it’s assets.
-
Hand-Over Period
We take over the business operations and work in the business to ensure the smooth transfer of business knowledge, operations and relationship