1. Buyer Confidentiality
All potential buyers must sign a non-disclosure agreement (NDA) before accessing information about your route, protecting your business details throughout the sales process.
2. Price Agreement & Commitment
Once you and the buyer agree on a purchase price, they'll sign a Letter of Intent (LOI) and provide a deposit. The affiliated company may conduct a brief, informal interview with the buyer to ensure they're capable of managing the route effectively.
3. Approval & Documentation
After buyer approval, the company will begin preparing the necessary route sales paperwork. If financing is required, applications will be filed at this stage. Many distribution companies can submit paperwork on the buyer's behalf, simplifying the process.
4. Closing the Transaction
Upon completion of all paperwork and financing approval, we'll schedule a closing meeting—typically occurring 4-8 weeks after filing the sales agreement. During closing, the earnest money will be disbursed, you'll receive your remaining balance, and the buyer will take ownership of the route.