Are you looking into buying a Business? What does that look like? Is it that stereotypical phantom dream of owning your own Business and not having to work all that much, having it be “owner absentee?” I say phantom because it does not exist, rarely if every can you...
Before a broker begins the selling process, it is important to determine where the prospective buyers will come from. A few questions to consider are: Will the buyer have industry experience? Will he be a first-time buyer? What about financing? A business broker should be able to give a...
When a business owner opts to sell a business, chances are good he’s made the decision because he’s ready to try something else or retire. He’s selling because he’s not interested in getting back into it. Still, for the buyer’s peace of mind–and on the off chance the seller...
Honest and verifiable cash flow will greatly impact the sale price of a small business. Many small business buyers are first-time buyers coming out of corporate America. Their primary goal is to replace the income stream from their job (or former job). For these buyers, the owner’s cash flow...
You’ve invested time in finding and evaluating business brokers. You’ve finally selected the broker you want to help you. You want the relationship to be a good one. You want a smooth transaction while moving forward as fast as possible. Here are a few tips to help. If...
You have a deal to buy a business. Congratulations! But before the company is yours, there’s still a lot to do. You’ve found the business you want and agreed to buy it. You must start the rest of the process knowing that, at times, it will be frustrating and...
You’re looking for the perfect business to buy. You find several that interest to you, so you must compare them. How do you know which would be best? Here are several important things to look at. Factors to Consider When Comparing a Business 1. Financials Obviously it’s important...
The sale price for a business is the amount the seller is willing to take and the buyer is willing to pay. But before that point is reached in negotiations, buyers want to feel comfortable that the asking price is fair. The best way to do that is to...
You’re buying an existing business. Congratulations! Before you close the deal, here are a few things to keep in mind: Buy the assets, not the business. Under no circumstances should you buy stock in a business. Instead, buy the assets of the business and form a separate company to...
Buying an existing business represents less of a risk than starting a new business from scratch, but you must consider your talents and interests. Being honest about your skills and experience can help you make the right choice. Only you can determine the right business for your needs, but...
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