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Ken Lam Realty · Tools · T423

BDS: the business seller’s self-report

Like a health form for a shop that is for sale. The owner writes sales, costs, rent, licenses, staff and why they are selling, so a buyer knows what they are looking at.

3 pagesSeller fills in and signs · Buyer signs receiptWhen a business is listed or sold

What does this form say to me?

Numbers from paragraph 8 for one year (use the seller's figures).

$
$
$
$

Read it paragraph by paragraph

What people get wrong

Next steps

  1. The contract that requires the BDS: read BPA in the T402 Forms Library.
  2. Need a business lawyer or CPA to check the books? T122.
  3. Buying the building too? Compare it like an investor: T260 Max price for a rental.

45-second video

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