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, […]
Getting an SBA Loan: The 5 C’s Read More »
1) The Bottom Line Meets Your Financial GoalsFirst 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 support
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.Instead of
Grow Your Business Via Acquisition Read More »
We love talking to potential buyers and sellers about what we do and how we do it differently than every other Business Brokerage out there. We’ve compiled a list of the most frequently asked questions that we get from customers. Hopefully this question and answer session will give you some insight into the things that
You’re buying an existing business. What happens after Due Diligence is cleared and you are waiting for the closing date to come around? This will be a very busy time of preparation for the buyer, and it is time to collaborate with the seller to get much of this prep work done. During a business
Buyer Preparation For Closing Read More »
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. Some business owners are lucky enough to stumble across a million-dollar
Buy An Existing Business Read More »
If you have $100,000 in cash to purchase a business with, you might be able to find a business that will bring in around $50,000 in owner benefit or seller’s discretionary earnings per year. However, if you were to leverage that $100,000 and use it as a down payment on an SBA (Small Business Administration)
Using An SBA Loan To Buy A Business Read More »
Living in the United States is undeniably a magnet for people from countries all over the world. Whether they are desiring more opportunity, safety, freedom, or simply better weather than their home country, thousands of hopefuls apply for US visas every year. If you don’t already have family in the US or don’t plan to
Top 3 US Visas For Foreign Investors Read More »
Due Diligence is one of the most important parts of any business sale transaction. The buyer has decided that they wish to move forward with purchasing a business, and they submit an offer. The seller accepts it, but there are understandably many questions that the buyer has about the business. Once the contract has been
The Due Diligence Period Explained: Helpful Tips for Both Buyers and Sellers Read More »
