What Happens After Accepting an Offer to Sell Your Business in Florida?

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What Happens After Accepting an Offer to Sell Your Business in Florida?

You’ve listed your business, marketed it confidentially, found the right buyer, and accepted their offer. Now what Happens after accepting an offer to sell your business in Florida?

Most business owners don’t realize that accepting an offer is just the beginning of the second half of the sale process. This stage, the due diligence and closing period, can be stressful if you don’t know what to expect. But with the right guidance, it can also be smooth, structured, and efficient.

At Infinity Business Brokers, we walk our clients through every step of this transition so nothing gets missed and no surprises derail the deal.

Here’s a clear breakdown of what happens after you say yes.

1. Offer Is Signed – Due Diligence Begins

Once both parties sign a Letter of Intent (LOI) or purchase agreement, the buyer begins what’s called due diligence  (a period where they review your business in depth to verify that everything matches what was presented).

You’ll be asked to provide:

• Full financial statements (P&L, balance sheet, tax returns)

• Customer and vendor contracts

• Lease agreements and equipment lists

• Employee and payroll details

• Operational procedures and transition plans

This phase typically lasts 2 to 4 weeks, depending on the business size and complexity. It's important to stay responsive and organized. We help clients prepare these documents in advance so the process moves quickly and cleanly.

2. Financing Is Finalized

If the buyer is using SBA financing or a lender, their bank will also be conducting its own underwriting and due diligence. This usually runs in parallel with the buyer's review, but it can stretch the timeline.

Here’s what to know:

• SBA deals often take 60 to 90 days to close from the time of accepted offer

• Cash deals may close in 2 to 4 weeks

• Buyers may request seller financing as part of the structure

• This can be done concurrently with Due Diligence

Our job is to keep all sides aligned so that financing delays don’t turn into deal fatigue.

3. Legal Contracts Are Drafted and Reviewed

If not already completed, an Purchase Agreement is agreed upon and signed. This document finalizes the terms of the deal, including:

• Price and payment terms

• Non-compete and confidentiality clauses

• Allocation of assets

• Transition and training period expectations

We coordinate with both legal teams to ensure nothing gets lost in translation and that the contract reflects your original agreement accurately.

4. Training and Transition Are Confirmed

Most deals include a 2–4 week training period after the sale. This is when you stay on to help the new owner learn the ropes, meet staff, and ease into operations. It’s usually unpaid, and buyers see it as a vital part of making the transition successful.

We'll help you:

• Set expectations about your role

• Create a plan for introducing the new owner

• Maintain confidentiality as needed during this time

5. Closing Day – Funds Are Released

Once all the documents are signed and all parties agree, the transaction closes. Funds are transferred, keys are handed over, and the buyer becomes the new owner.

It’s a day that brings closure and new beginning, and when done right, it’s the result of weeks of careful alignment and preparation.

Planning to Sell? Know the Full Picture Before You Begin

Understanding the post-offer process removes uncertainty and gives you the confidence to move forward with eyes wide open. Whether you're months or years away from listing, knowing what comes next is just as important as knowing how to start.

👉 Schedule a confidential call today

We’ll walk you through what the entire sale journey looks like before, during, and after your deal is done.