A signed deal does not necessarily mean a transaction is ready to close.

For sellers, unresolved tax matters, creditor claims, liens, missing documents, lease issues and other closing conditions can surface during escrow and affect when sale proceeds can be released.

ABC Escrow helps organize those requirements early and keeps the parties informed as the transaction progresses.

Selling the License – or the Entire Business?

Information Sellers Should Be Prepared to Provide

• Seller entity and ownership
• Liquor license information
• Purchase agreement or transaction terms
• Business assets included in the sale
• Existing liens or secured obligations
• Equipment leases
• Creditor information
• Tax accounts and required clearances
• Landlord or lease information
• Existing business names
• Other items required by the escrow instructions

The exact requirements vary by transaction.

Creditor Claims and Payoffs

Business sale escrows can involve claims or obligations that must be addressed before the seller receives final proceeds.

ABC Escrow provides a centralized escrow process for receiving and administering transaction-related claims, payoff information and closing instructions. Identifying these issues early gives everyone more time to resolve them before the intended closing.

When Does the Seller Get Paid?

The seller receives the funds due under the transaction after the applicable escrow conditions have been satisfied and the escrow is authorized to close and disburse under its instructions.

The cleaner the documentation and closing conditions are going into the transaction, the fewer surprises there are approaching closing.