Do you dream of owning your own business? Buying a business can be a complicated procedure from finding the right one to working out all the details required for a smooth transfer of ownership. We deliver optimum results for our clients, whatever you’re looking for.
BUYING A BUSINESS
While there is no such thing as the “perfect” business, a business broker knows the importance of finding one that fits your needs, talents, skills and lifestyle. A business broker has many different types of businesses for you to consider and the knowledge and experience to walk you through the entire process.
- Business listings
- Buyer search program
- Detailed business reports
- Offer drafting & Presentation
Frequently Asked Questions
How long the business has been in business.?
A business with a long track record means there are good reasons to be operating. It will be well known in the area, and people will be used to patronizing the business or using its services. The longer it has been in operation, generally, the better the business.
How long the present owner has owned the business?
The longer the present owner has been in business, the more likely he or she has been successful. People don’t stay in business if they are not making money.
Why the present owner is selling.
If the owner has been in business for six months, is 37 years old, and wants to retire, you should be suspicious. The more valid the reason for sale, the more realistic the seller will be in considering your offer. However, keep in mind that after five or six years or more, people do get restless, “burn-out” sets in, and people look for new challenges. Why the seller is selling is an important question – get the answer.
Why books and records are important?
The financial records are a good indication of how well the business has been doing over the years. Keep in mind that tax records are not designed to show the business in the best light; no one likes to pay more taxes than they have to, and business owners are no different. Generally, tax returns are a worst case scenario. You need to be able to look at the expenses and discover which ones are non-cash items, such as depreciation and business use of home and vehicles.
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13005 Greenville Avenue,
California, TX 70240
+22 140 006 754