Business Opportunities / Bulk Sale Transfers 

Definition: The act of buying or selling a business or franchise

A business opportunity is also known as a bulk sale. Business opportunity / bulk sales are considered by some to be the most difficult to manage and close successfully. The sale of a business DOES NOT include the transfer of real property. (That is a separate escrow in itself). A business opportunity/bulk sale is when the owner desires to sell the business name, goodwill, client list and inventory or merchandise. Business opportunity/bulk sale escrows are regulated by the state. The regulations are not only to protect the seller and the buyer, but to ensure that existing creditors have an opportunity to satisfy their claims before the business is sold. IT IS VERY IMPORTANT that your Escrow Officer have extensive knowledge of these transactions as it is their responsibility to arrange for the sale to be advertised in local publications for proper creditor notification. Here at Home Escrow, we have a staff that specializes in this unique type of escrow.