The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Weare looking at buying a cafe and would like to hold the property while we look over financials, equiptment e

Is there a form to put hold on a business

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (3)
No User Photo


Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today for Legit/accredited Loans, Mortgages and Investment funds. For Quick application, Apply within; Full Name: Loan Amount needed: Loan Purpose: Loan Duration: Phone number: Address/Country:

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539

Jun 1, 2017
No User Photo

Try a deli and/or diner. It's hard work, but good rewards and fun. Plus in the right area it is an excellent investment that will grow. And you can do this anywhere there are people. We doesn't like to eat great food? Also, have 2 possible locations in Florida under a different name that may be available together or separate.

Nov 8, 2009
No User Photo
The BAF Group LLC

Unless you know the owner very well, and he/she is VERY understanding, the only way to do it is to make a valid offer in the form of a Letter of Intent (LOI), asking for a due diligence or study period before closing. In that LOI, you would ask for the business to be taken off the market for that period. An LOI does not necessarily mean the owner HAS to take it off the market, and frequently they don't. Whether he/she agrees will be reflective of how close to the asking price your LOI is, how short the due diligence period is and how confidently you project yourself as being able to close, once the study period is exhausted.

You may want to have an attorney do the LOI for you; you don't want to THINK you are writing an LOI, and find out you forgot something vital that causes you to lose any deposit or force you to purchase the property, regardless of your findings in the study period. Sometimes, an LOI can be a Contract of Sale, if it is written poorly.

Oct 20, 2009

Start a Discussion