The most likely reason a business sale fails is NOT the purchase price or structure/terms. It is time … death by delays. As days turn into weeks and weeks turn into months, Sellers and Buyers experience frustration and fatigue. From vacationing attorneys to disorganized brokers to lien holders and licensing issues, plenty of factors add delays to a deal.
Sooner or later one party or the other gets fed up and walks away, rationalizing, “It wasn’t meant to be.”
Your advisor should be able to navigate, communicate and keep you on the quickest path. You need someone organized and proactive focused on minimizing potential future delays.