Why choose to procure a route through a broker?
In our role as a broker, Artberry Group meticulously gathers all pertinent information to accurately determine the pricing of the route. Subsequently, we ensure a seamless progression throughout the purchase process, from commencement to conclusion. Our dedication encompasses exhaustive efforts to identify the most advantageous route available to fulfill your specific requirements.
What is the process to buying a route?
• To buy a route, buyers will need to complete a non-disclosure agreement (NDA). This agreement ensures that the buyer will keep any route business information confidential. The NDA is important as buying a route involves reviewing sensitive information, and confidentiality is crucial for both the buyer and the seller.
• Upon identifying a route of interest, the buyer is required to submit buyer qualification documentation. Prior to facilitating the connection with the seller of a specific route, Artberry conducts verification to ensure the buyer's capability to complete the purchase of the business.
• The purchaser and seller will come to an agreement on the purchase price. Subsequently, an Intent to Purchase or Purchase Agreement will be drawn up. The purchaser will then provide an Earnest Payment, which functions as a security deposit for the route business. This sum will be held in escrow until the completion of the route sale.
• The affiliated company has a policy of conducting interviews with prospective buyers associated with the route. The company, FedEx, heavily depends on their independent operators and requires that the potential buyer meets specific qualifications. We are dedicated to achieving the necessary qualifications on your behalf.
• The company carries out the approval process for the buyer and initiates the preparation of route sales paperwork. If necessary, financing applications will be processed during this stage.
• Upon completion of the necessary paperwork and approval of financing, a closing will be scheduled to formalize the sale. The closing typically occurs 4 to 8 weeks after the filing of the sales agreement. During the closing, the earnest money (escrow) is allocated, the seller receives their remaining balance via a check, and the buyer assumes ownership of the property.