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