Durham Business Broker

Not every deal that reaches the stage of a signed letter of intent or even progresses through some portion of due diligence ultimately results in a completed sale, with deals falling apart for various reasons including issues discovered during due diligence that cannot be resolved, financing that ultimately does not come through, or in some cases a change of heart by either party. For sellers throughout the Triangle who experience this kind of situation, while disappointing, a deal that does not proceed does not necessarily reflect poorly on the business itself, and the experience of having gone through the process, including having organized financial records and other materials as part of preparing for the deal that did not proceed, often means the business is better positioned for a subsequent process with a different buyer than it would have been before this experience. For anyone weighing a similar decision in Durham and the surrounding communities, keeping this consideration in mind from the outset tends to make the rest of the process more predictable and easier to manage.