The process of buying begins with identifying the types of businesses you're interested in, the possible cities or regions you would consider, and the amount of money that you have in hand for a down payment. Next you need to identify the amount of cash flow that you need to achieve from the potential business to meet you needs. This information now allows us to identify existing business listings that meet those criteria, or begin a search for potential candidates. In fact, we have the ability to search tens of thousands of business listings every week to find the ones that best match your individual criteria, present them all to you in a single highly-readable report and save you a huge amount of work. Contact Us for details and a free sample.
To understand how to identify which companies present the best opportunities, read the info on the Buyer - Making Money page. It will explain the significance of cash flow and the important factors in a successful purchase. You can see featured companies that meet those criteria on the Businesses For Sale page. But not all important aspects of buying a business are financial. There are personal issues that need to be addressed too in order to achieve not only the Profit, but also the Freedom that comes from owning your own business. Visit the Buyer - Life Changes page to explore those challenges. Or perhaps you've already completed the purchase and want to take company performance to the next level. We're also able to provide consulting services that can help get your company to peak performance or successfully complete the post merger integration . We can provide significant assistance in cost avoidance, cost savings, and revenue growth initiatives, using our proprietary methods such as LEGIST and the business Architectural Maturity Model. Visit the page Business Consulting for more details.
The buying process began by clearly identifying your specific requirements for a business, and continues by qualifying your ability to make purchases in those categories. We do this because serious sellers are interested in talking only with serious buyers. Just as we would not present a business to you that does not meet your qualifications, we do not present buyers that do not meet the qualifications for a particular purchase. This ultimately saves both you and the sellers a lot of wasted time and energy discussing transactions that simply are not capable of occurring. There is no cost to you for qualifying - it simply requires certain types of documentation to verify the financial means you have to make the maximum down payment that you have specified is available. Again, this is done confidentially.
Once your qualifications have been established, we then begin the process of matching your specific requirements with those businesses that are for sale. This will include listings from any of our 450 Affiliate Offices in the Business Broker Network, or listings by other brokerage companies. We work with the identified sellers to ensure the company has been properly valuated and cash flow substantiated, and then present the opportunity to you. All discussions with both sellers and you are held in the strictest confidence. We provide each seller with a confidentiality agreement signed by our company, and we also require you, the buyer, to sign a confidentiality agreement before we present the details of a company for your consideration.
After you've selected the company you'd like to purchase, we schedule a meeting for you to meet the seller and look at the company first hand. We need to have an offer in hand (with an earnest deposit), or be willing to present an offer shortly after the visit. If a company has been properly valuated and presented properly, you will already have a pretty full picture of what you are purchasing - a specific level of cash flow in an industry and location that you desire, for a down payment that you can afford. The negotiation process then begins, and we work to find the final details and structure of the terms that will make the purchase a "win" for you and the seller.
When both parties have agreed on the terms, and the seller has accepted the offer, you now begin the process of "due diligence." This allows you to examine all the details about the company that are necessary to validate the accuracy of the information you've already received. If there is a significant discrepancy or failure to disclose, then you may step away from the purchase. This period of "due diligence" will be specified in the contract, but typically lasts for a few weeks. Unless there is a significant discrepancy, the deal then proceeds to closing. Closing is the final review of the required documentation by legal and escrow representatives that are experts in the transfer of ownership, and the actual transfer of funds and ownership. There is typically a nominal cost for both the seller and the buyer of approximately $1000 each, but that will vary of course with the number and hourly rates of the providers we choose.
And now you're the new owner! Reap the rewards of your investment! To start this journey Contact Us and we can discuss the options.