Buying A Business FAQ

What Business should I Buy?

    We are often asked: What business for sale would you recommend? The answer of course differs depending on the specifics of each buyer. Narrowing down what might be of interest Every buyer has specific talents, interests, geography and financial assets. The first thing for each buyer to do, should be a self-assessment of…

Read More

Do I need an attorney in order to buy a business?

It may be advisable to have an attorney review the legal documents. It is important, however, that the attorney you hire is familiar with the process of buying a business and has the time available to handle the paperwork on a timely basis. If the attorney does not have experience in handling business sales, you…

Read More

Why should I go to a business broker?

A professional business broker can be helpful in many ways. They can provide you with a selection of different and, in many cases, unique businesses for sale, including many that you would not be able to find on your own. Approximately 90 percent of those who buy businesses end up with something completely different from…

Read More

What should I look for when buying a business?

Obviously, you want to consider only those businesses for sale that you would feel comfortable owning and operating. “Pride of Ownership” is an important ingredient for success. You also want to consider only those business opportunities that you can afford with the cash you have available. In addition, the business you buy must be able…

Read More

How are businesses for sale priced?

Generally, at the outset, a prospective seller will ask the business broker or M&A advisor what he or she thinks the business will sell for. The business broker or M&A advisor usually explains that a review of the financial information will be necessary before a price, or a range of prices, can be suggested for…

Read More

Why should I buy a business rather than start a business?

An existing business has a track record. The failure rate in small business is largely in the start-up phase. The existing business has demonstrated that there is a need for that product or service in a particular locale. Financial records are available along with other information on the business. Most sellers will stay and train…

Read More