You’ve decided that you want to be an entrepreneur and you’re looking for a small business for sale. Maybe you love the idea of being your own boss and growing a successful business, but don’t want to start from scratch with a brand-new business idea. Buying an existing business is a great way to avoid …
Why You Should Use A Broker When Buying A Business Read More »
It’s important to remember that our current situation is temporary. While it will take months to recover economically, and even longer than that for some people, we will recover.
Buyers who are looking to purchase a business right now are strongly considering “Essential Businesses” to be their best bet, and they are right to lean in that direction.
Normally (with a few exceptions), when a business broker lists a small business for sale, it is what’s known as an ‘asset sale.’ An ‘asset sale’ in this sense means that the buyer is not purchasing the company’s business entity, such as their LLC or C-Corp name, as that would technically be purchasing the stock …
When a prospective buyer of a business wants to take the next step by putting in an offer on a business, in Florida, they will most likely be presented with one of several versions of the BBF (Business Brokers of Florida) Asset Purchase Contract. This contract was written by attorneys for the use of the …
Once the sale of a business is complete, the closing documents have been signed, and you leave the closing agent’s office, the Familiarization period begins. This is the time when buyer and seller work closely together to ensure a smooth handover from one owner to the next. What this handover looks like will vary from …
In order to get an SBA-backed loan to purchase an existing business, there are many pieces of the puzzle that need to fit just right. The business needs to qualify. The lender will want to see strong provable financials, and they will need to verify that the business has enough cashflow to cover the debt, …
1) The Bottom Line Meets Your Financial Goals First thing’s first: you want to make sure that the business makes enough profit to meet your financial goals. This part is actually pretty simple. Look at the numbers. Is the owner benefit that this business offers enough for you? If you are buying this business to …
5 Ways To Figure Out If A Business Is Right For You Read More »
Many businesses that are for sale have commercial property attached to the deal. Purchasing a piece of commercial property in conjunction with purchasing a business is something that adds an additional layer of complexity, but your Broker will be equipped to help guide you through the process. There is a Commercial Real Estate Contract that …
Pitfalls To Avoid When Purchasing Commercial Property With A Business Read More »
There is no better way to expand and grow your current business, than by purchasing another existing business to merge with your own. We will outline the top 5 reasons why growing via acquisition is one of the smartest decisions you could make to push your business forward. 1. Fastest way to grow your business. …
