Buying or Selling a Business? Here’s How the Closing Process Really Works

Buying or Selling a Business? Here’s How the Closing Process Really Works

From Happy Buyer, Happy Seller with Shaun Thornton by Shaun Thornton

May 11, 2026 · 1h 2m · Season 1 · Episode 13

About this episode

Shaun Thornton and Ed Alexander discuss the intricacies of the business closing process after a deal is agreed upon.

What actually happens after a buyer and seller agree on a deal? In this episode of Happy Buyer, Happy Seller , Shaun Thornton sits down with business attorney and brokerage partner Ed Alexander to unpack the real-world mechanics of closing a business sale. From escrow deposits and asset purchase agreements to landlord issues, seller notes, earn-outs, and stock sales, this conversation dives into the details most buyers and sellers never fully understand until it’s too late. Sean and Ed share stories from actual transactions, including deals nearly derailed by lease clauses, gift card liabilities, partnership confusion, and contract assignment issues. They also explain why the closing process matters just as much as finding the buyer in the first place. If you're thinking about buying or selling a business, this episode is packed with practical insight that could save you time, money, and serious headaches during the transaction process. 📌Connect or follow Shaun Thornton 👉 LinkedIn: https://www.linkedin.com/in/shaunthorntonbusinessbroker/ 👉 Facebook: https://www.facebook.com/ShaunThorntonBusinessBroker/ 📌Connect or follow Ed Alexander 👉 LinkedIn…

People in this episode

Host: Shaun Thornton

Guest: Ed Alexander

Topics covered

  • business sale
  • closing process
  • escrow deposits
  • asset purchase agreements
  • transaction challenges

Keywords

  • business closing
  • escrow
  • asset purchase
  • seller notes
  • earn-outs
  • lease clauses
  • contract assignment

Mentioned in this episode

Organizations: Happy Buyer, Happy Seller, LinkedIn, Facebook, YouTube

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