STEPS TO BUYING A HAWAII BUSINESS Buying a business is a step-by-step process. An experienced business broker will be a key element in the process. There is an abundance of paper work and communication between Buyer and Seller. Use the broker to your advantage. The broker is a buffer between the Buyer and Seller. The brokers will keep the process moving forward, keeping track of the paperwork. 1. Consider the decision to buy a business and all that it encompasses. Do lots of reading and research. 2. Decide on the type of Hawaii Business you would like to buy. 3. Determine how much money you can afford to comfortably put down on a business. 4. Develop a time line when you will take over the business. 5. Evaluate the Hawaii Businesses that are being offered for sale. 6. Confidentially tour the Hawaii Businesses you are interested in. 7. Develop questions about the business and submit them to the Seller. 8. Enter into a telephone conference with you, the HIBB broker and the Seller. 9. Through your HIBB business broker, place an Offer to Purchase on the business. 10. Once an agreement has been reached, your HIBB business broker will walk you through the details of finalizing a sale. 11. Close the purchase. 12. Congratulations! You are the new owner of your own business! More Info: Steps to buying a Hawaii business Fundamentals of buying an existing Hawaii business Reasons to use a Hawaii business broker Frequently Asked Questions about buying a Hawaii Business