Buying A Business FAQ

Finding the Right Business to 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 each of…

Read More

Defining Goodwill

Defining Goodwill

You may hear the word “goodwill” thrown around a lot, but what does it really mean? When it comes to selling a business, the term refers to all the effort that the seller put into a business over the year. Goodwill can be thought of as the difference between the various tangible assets that a…

Read More

The Importance of the Term Sheet

The value of the term sheet shouldn’t be overlooked. From buyers and sellers to advisors and intermediaries, the term sheet is often used before the creation of an actual purchase or sale agreement. That stated, it is important that the term sheet is actually explained in detail. Let’s take a closer look at its importance.…

Read More

How are businesses for sale priced?

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

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