8 Steps to Buying a Business 1. An allocation of the purchase price is an essential component to a business sale transaction.Both buyer and seller have to work together to get it done. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. Interested in buying a business or franchise? Learn the pros and cons and how-to of buying an existing business in this comprehensive guide. Trust the team at Murphy Business Sales – West Palm Beach for expert guidance in selling your business, ensuring confidentiality, and maximizing your returns. Any person selling merchandise or services in Palm Beach County must have a local business tax receipt. Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22.