Objective: Initial introduction with business owner to determine fit & culture
Items to consider: Discuss and review business strengths, weaknesses, opportunities and threats
Documentation: Sign Non-Disclosure Agreement

Objective: Review documentation provided by the business and execute a letter of intent (“LOI”)
Items to consider: Continue to maintain an open line of communication with business owner regarding personal and business objective post sale
Documentation: 3-years of financial statements, tax returns, etc.

Upon completion of Phase One and Two, Latitude Six will make an offer.

Objective: Make a fair offer that reflects the business owner’s hard work and accomplishment in building a great business.
Items to consider: Deal structure (i.e. earn outs, transition period, tax consequences etc.) and due diligence
Documentation: Purchase Agreement, Non-Competition Agreement, etc.

Congratulations! your company is now part of the Latitude Six family where we will continue to maintain the high standards that made you and your company a success. Our objective at Latitude-Six is to close as quickly and as painless as possible.