At this point, we may assume:
- The seller has “listed” the business in the market,
- The seller or broker has met the buyer,
- The buyer is qualified financially by the seller or broker,
- The Non-Disclosure Agreement has been signed,
- The buyer has viewed the business and is interested in buying it,
- The buyer has reviewed the business documents and remains interested, and
- The seller and buyer are comfortable with each other.