BUY A BUSINESS
The time has never been better to buy a business. Baby boomers are exiting and the opportunities are available. Get into a new industry or strategically grow your existing business by investing in a business that will help you reach your goals.
Purchasing an established business is often a more sensible alternative that starting a business from scratch.
An existing business is likely to include many of these benefits: brand / name recognition, team of employees, customer base, revenue stream, vendors and partners in place, the fixtures, furniture and equipment needed to operate the business and, last but not least, a proven track record of profitability when seeking financing.
I Can Help You Buy A Business
- Determine what type of business is best for you and your objectives
- Facilitate negotiations with the seller(s)
- Assist in securing financing for the purchase
- Navigate the way to a closed transaction
The Buy a Business Process
Together, we can discuss your business goals, determine your buying criteria, and if you’re a first-time buyer, explore the possibilities, opportunities and challenges of owning your own business. I make the process of helping you buy a business as simple and safe as possible.
Focus on Your Goals
We walk through an interviewing process to help determine your business goals and match your interests with businesses we have listed for sale. Our job is to put together your “ideal deal.” Part of our commitment to our Sellers is to help ensure you are qualified and have the financial resources and experience to purchase the businesses you may be interested in.
Confidentiality
Before any information is given out concerning a business listing, you will need to sign a Confidentiality Agreement. This agreement helps ensure our client's best-interests are looked after. Once signed, I share with you the confidential business information concerning sales price, cash flow, tax returns, employee data, annual sales, profit and loss statements, leases, business location(s) and much more.
Touring the Business
As the buying process moves forward, it will be important for you to meet the current owner as well as see the business for yourself. We will coordinate meetings with sellers, and at the appropriate time, schedule a private tour of the business. This gives both you and the seller ample opportunity to discuss business operations.
Purchase & Acceptance
Once you decide to make an offer, we will assist you in identifying conditions and contingencies the offer should include. I coordinate and communicate all negotiations between you and sellers until both parties agree on the final terms of the purchase.
Financing
With hundreds of transactions completed, our organization has gained the respect of bankers and lenders nationwide. We will lead you through the entire financing procedure and help you develop a solid loan presentation package.
Closing
Our team will work closely with the all of the legal and financial representatives to prepare the closing documents. You and the seller will meet and sign the appropriate documents, at which time the transfer of ownership occurs!
No Fees Are Charged to the Buyer on the Sale Transaction
When looking at businesses listed with us, the seller has already agreed to pay any commissions or fees associated with the sale. There are no fees charged to the buyer under those circumstances. That said, it is possible to engage us on a fee basis to locate businesses for you to buy that have not been listed with us. Even then, an interested seller will often agree to a limited listing and payment of the fee.
Full Disclosure Business Brokerage
- Business tax returns on the business for 3 prior years.
- Profit & Loss statements for the current year.
- A complete list of known tangible and intangible assets and liabilities.
- A list of the physical assets of the business, with the assets to be delivered to the Buyer in proper operating condition.
- Premises lease information, include term of lease, square footage, and amount of rent.
- A fair and equitable purchase price.
- Adequate training for the Buyer (by the Sellers) on matters specific to Seller’s business at no extra cost to the Buyer.