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It typically takes 20% down to buy a business. For instance, you can buy a $1,000,000 business with $200,000 down, and obtain a SBA loan for $800,000. How much cash you have determines the size of business you can buy. In addition to the down payment, you may want to have extra cash for operating...
03/25/2008
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When you buy a business, it is important to understand the financials. Here are a few items that you want to look at:Revenues Number of units sold Average price of units Gross margin and markups Profit margin Owner's Discretionary Income Number of employees How much employees are paid Current own...
03/25/2008
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There are thousands of businesses for sale on the market, but which one is right for you? To begin with, here are some categories of businesses:Service businesses Retail businesses Manufacturing businesses Distribution businesses Food and restaurant businesses Professional practice (health, legal...
03/25/2008
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When is it better to start a business, and when is it better to buy a business? Most people believe that buying a business is expensive, which is why they choose to start a business instead. This belief, however, is erroneous. Research shows that buying a business is actually cheaper than startin...
03/25/2008
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Depending on the size and nature of your business, we utilize different marketing strategies to contact potential buyers. Here is a list of methods we utilize:Confidential direct mail "ALERT" letters to Registered Advantage Commercial Brokers Buyers from our extensive on-line database.Confidentia...
03/25/2008
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Selling a business is a complex process that requires professional expertise. Many business owners that try to save money by selling the business themselves often end up spending all their energy selling the business, and losing focus on running the business. The business goes downhill without th...
03/25/2008
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Selling a business is very different from selling a house. You cannot put a For Sale sign in front of your business and expect it to be sold within a few weeks. Selling your business in a confidential manner takes a tremendous amount of skill, and selling it for the maximum price requires having ...
03/25/2008
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If you are considering selling your business, remember that there are positive factors that influence value and negative ones that detract from it. It is vital to consider these factorsfrom a buyer's perspective since a prudent buyer will add and subtractthem to arriveat an asking price. It is p...
03/25/2008
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What sets good business brokers apart is their ability to take the deal to closing. There are two milestones in selling a business. Number one, having the buyer make an offer that is acceptable to the seller. Number two, taking the deal to closing. Having the buyer make a good offer is easy; it's...
03/25/2008
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Most business owners think that there is one value their business can sell for. The truth is, depending on who you sell your business to, different types of buyers are willing to pay dramatically different prices for your business. Having an understanding of different buyer types will assist you ...
03/25/2008