Procedure to Purchase Pool Services Accounts

After selecting your desired route, the subsequent step involves signing a Confidentiality Agreement and presenting proof of funds to the Pool Broker. Following this, you'll engage in a discussion with the owner. If there's mutual consent post the initial talk, a session is arranged to examine the customer history.

Ensuring all queries are addressed before the meeting with the Seller is crucial. It's also vital to have discussed the acquisition with all involved parties beforehand. Be prepared to decide on purchasing the route when reviewing the customer histories. If you're not ready to commit to buying a pool business, arranging a meeting with the Seller is too soon and disrespectful of everyone's time.

You will never be pressured to buy the pool accounts. However, confirm your genuine interest in this venture before taking up the Seller's valuable time.

After the buyer and seller meet and the former approves the relevant records, the next phase is to initiate escrow, typically requiring a 10% deposit of the purchase price in good funds.

Escrow can close once it has the account list and the full purchase funds. At escrow's closure, a portion of the purchase price is paid to the Seller, with the remainder held for the training and guarantee period.

The Buyer gains control of the pool accounts upon escrow's conclusion. The training period for the Buyer also starts then. Customer notification of the ownership transfer occurs once the Buyer is settled, generally within the first month.