Hello world!
Posted in UncategorizedWelcome to Biz Broker+ Sites. This is your first post. Edit or delete it, then […]
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Your Step-by-Step Plan to Market (and Sell) Any Business Listing
Posted in Uncategorizedđź“Ą Download the Full 8-Week Marketing Plan  🧠Your Step-by-Step Plan to Market (and […]
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What Is a Letter of Intent in Business Sales?
Posted in UncategorizedWhen buying or selling a business, one of the first formal steps in the negotiation process is the Letter of Intent—commonly known as the LOI.
At BizBroker+, we use this document to outline the initial terms of a potential deal between a buyer and a seller, helping both parties move forward with clarity and confidence.
đź’Ľ What Is a Letter of Intent?
A Letter of Intent is a non-binding agreement that sets the groundwork for a business purchase. It’s not the final contract—but it helps get both sides aligned on the big picture before diving into deeper negotiations.
Some key things typically included:
The proposed purchase price
A timeline for due diligence
Agreements around confidentiality
Clarification that the LOI is not legally binding
Basic financing terms (down payment, loans, or seller financing)
🧠Why Does It Matter?
Think of the LOI as a handshake—written down. It doesn’t lock anyone into a deal, but it does:
Show serious intent from the buyer
Give the seller confidence to share sensitive business information
Create a shared understanding before drafting the final purchase agreement
It also helps avoid misunderstandings, keeps negotiations on track, and can speed up the closing process.
🚨 What It’s Not
The LOI is not a final contract.
It doesn’t guarantee a sale.
It doesn’t include every tiny detail of the transaction.
Instead, it serves as a starting point—an outline that both sides agree to explore further. Either party can walk away at any time, without legal consequences.
đź“Ą Get the Letter of Intent Template
If you’re working on a deal—or preparing for one—you’ll want a solid LOI to guide the process.
Click below to download the BizBroker+ Letter of Intent template, the same one we use to help brokers all across the country close successful business sales.
Continue reading "What Is a Letter of Intent in Business Sales?"Brand Manual
Posted in UncategorizedDiscover the BizBroker+ Brand Manual—your guide to consistent, professional branding that helps you build trust and close more deals.
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The 30-Day Listing Challenge
Posted in UncategorizedGet your first business listing in 30 days with this proven daily checklist. No fluff—just focused action and real results.
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Closing Procedures and Closing Checklist
Posted in UncategorizedMaster the final steps of closing a business sale with this video. Learn the essential documents, common last-minute issues, and how to keep the process smooth and organized for a successful closing.
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Working with the Legal Team: Guiding the Deal Without Losing Control
Posted in UncategorizedLearn how to collaborate with legal teams effectively, guiding the deal forward while keeping control. This video shows brokers how to manage legal reviews without letting them derail the deal.
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Creative Financing: The Broker’s Superpower When Deals Hit a Wall
Posted in UncategorizedCreative financing lets brokers turn stalled deals into successful ones by thinking outside the box. Learn how to structure flexible, win-win solutions when traditional funding falls short.
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Private Money – The Hidden Tool Most Brokers Overlook
Posted in UncategorizedUnlock flexible deal funding with private money—an alternative financing option that moves quickly and creatively when traditional lending options fall short.
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Seller Financing: Creating Win-Win Deals Without the Bank
Posted in UncategorizedUnlock business deals with seller financing—an attractive option for buyers and sellers, bridging funding gaps, building trust, and potentially increasing sale prices.
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