How It Works
Understand how Skyline Brokers works and how you can use it to buy or sell your business.
Buyer’s Journey
1. Discover a Business
- Start Your Search: Explore businesses directly from our homepage.
- Tailor Your Search: Use filters to find businesses that match your criteria.
2. Sign Up & Build Your Profile
- Sign Up: Create an account by providing basic information and selecting 'Buyer'.
- Verify & Complete: Sign an NDA, verify your account, and complete your profile.
3. Explore Listings & Set Alerts
- Access Listings: View detailed business listings at different levels.
- Set Alerts: Get notifications on business activities sent directly to your inbox.
4. Express Interest & Begin Due Diligence
- Draft a Letter of Intent: Show your interest by sending a letter of intent.
- Communicate & Start Due Diligence: Get feedback, start due diligence, and stay connected with the seller.
5. Finalize the Purchase
- Draft the Agreement: Use our tools to outline the purchase agreement with key details.
- Customize & Submit: Edit the contract, then submit it for the seller’s review.
6. Complete the Deal
- Mark as Under Contract: Once finalized, the business is marked as 'under contract'.
- Share Your Experience: Give feedback to help other buyers on their journey.
Seller’s Journey
1. List Your Business
- Sign Up: Create an account with your basic information and select 'Seller'.
- Verify & Complete: Sign an NDA, verify your account, and finalize your profile.
2. Create & Manage Listings
- List Your Business: Add detailed listings for your business.
- Save & View: Save your listings and access them anytime.
3. Receive & Manage Offers
- Get Notifications: Receive timely alerts when buyers express interest or submit letters of intent!
- Review & Respond: Evaluate offers and provide feedback to interested buyers.
4. Exchange Information & Negotiate
- Provide Documents: Share the necessary documents that the buyer requests, including financial information, company details, and more. This exchange of information is key to the due diligence process, where both parties get the details they need to move forward.
- Minimize Stress: Our tools help you easily manage the information-sharing process. You can select, work on, and check off items from the buyer’s request list, automatically notifying them as each item is provided.
- Communicate & Negotiate: Keep the conversation going with buyers and negotiate terms as needed, ensuring everything stays on track.
5. Finalize the Sale
- Review the Agreement: Look over the buyer’s purchase agreement with your team and advisors and make any necessary edits.
- Submit for Review: Upload the final version for the buyer’s acceptance.
6. Complete the Deal
- Mark as Under Contract: Once finalized, your business is marked as 'under contract'.
- Share Your Experience: Give feedback to help improve the platform for future sellers.