Selling a business....
Business Brokers can help with all aspects of the sale and will make life easier for you.
What you should be aware of....
Taking the decision to sell your business is the easy part, to about selling it is another problem altogether, which is exactly why a Business Broker can prove invaluable. The important aspects include setting a price for the sale, advertising, negotiating with a buyer, and compiling all of the legal and financial details that need to be addressed and placed in order to make the sale a smooth professional transition. Your CPA needs to be advised so that accounting for the financial activities of the business can be presented to the buyer. Business Brokers and your CPA deal with these issues frequently, therefore it is advisable to let the experts move in to help you; this might incur costs but will be beneficial to you in the long term.
Confidentiality at all times....
Discretion is the key…Your Business Broker should be able to promote your business for sale without employees, customers or competitors knowing that it is for sale. This is important to ensure the smooth transition of the business during the selling process.
Time is of the essence....
A Small Business Broker can save you time and frustration when in comes to selling your business. Funds and Loans is the place to go to when looking for a Business Broker in your area, they are the business experts who can guide you through every aspect of the selling process, from start to finish.
Marketing.... the experts do it best....
Nationwide, so many businesses go on the market each year - selling a business requires an expert to deal with it. At Funds and Loans, you have the advantage of selecting a network of business brokers that are independent and have been exclusively selected for each state in the nation. We can expose your business to prospective buyers not only in your local area, but also throughout the United States as well as Globally.
When buying a Business....
What you should expect from your Business Broker and what your Business Broker can do for you.
Make your funds available....
For your security and success, when buying a business, you the buyer should be prepared to act quickly therefore your finances should be in place for you to be able to react effectively and assist your Business Broker with the tools that are needed to be able to negotiate the best deal for you.
Commercial Business Financing can be a minefield....
At fundsandloans.com we finance businesses internally, however a personal Business Broker can bring further options to the table for you.
Using a Business Broker you will get further assistance in obtaining additional financing. Generally, banks are reluctant to finance business purchases. Funds and Loans, together with its Business Brokers, make it easier to attract a Private Investor or a Venture Capital firm. Most small businesses typically try to minimize profits on financial statements to reduce tax liability, therefore making it difficult to substantiate earnings. Over 90 percent of business purchases are financed by the owners, which demonstrates their confidence in the business.
Confidentiality is extremely important....
Especially when buying a business. Not only is it important for you, but the seller and the financier will require discretion, certainly until the transaction is complete.
You should be confident that your Business Broker would ensure that all inquiries are held in strict confidence and handled with the utmost professionalism.
Things a Business Buyer should know....
Your business broker should be capable of finding a business for you that you like and would feel comfortable buying and managing to fit your requirements.
When viewing a business, the track record of the business, although important, should not be the final deciding factor. Your Business Broker should make you aware that businesses are put up for sale for many different reasons.
The location of the business might be perfect and the concept equally attractive, however its sale could be due to the current owners not being capable enough to make it profitable. You on the other hand could have the expertise to make a substantial profit.
Another example could be that the current owner has lost interest over the past months or years and has decided not to concentrate properly or that the owners personal circumstances have affected the way in which the business has been managed.
Assuming that you find a business that you like and its location is good, due to poor management, the business may not show the greatest track record. If it were purchased for the right price and on the right terms, this business could become more successful with proper management, making it a good way to achieve your business goals.
Your Business Broker should also make you aware that as a prospective business buyer, you could view a business whereby you will feel concerned as to why the business owner is selling the business. It could be for various honest reasons such as retirement, bad health or re-location, if it is a good business for you, the reason for the sale could become irrelevant Remember, call your broker whenever you need assistance or have questions about the process....
Finally, a professional Business Broker should be able to negotiate and help you to complete the whole purchase from start to finish. Be aware that many businesses sell for less than the sum they are listed for. If it is a business that you like, don't be afraid to make a lower offer, as long as you feel your offer is reasonable and fair, your Business Broker will be glad to make the offer to the seller.
Entrepreneurs Business Brokers and success - To learn more about this author, visit Joe Cooper's Website.
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Joe Cooper
(Visit Joe's Website)
Funds and Loans provides start-ups,
entrepreneurs and businesses with the
opportunity to raise capital to start a
new business or take an existing business
to the next level. Small businesses and
investors can move quickly and decisively
because there are no regulatory hurdles
that make it difficult for the average
person to obtain a small business loan
from a bank as we are a private fund.
Over the past 25 years, the company has
facilitated in excess of $90 M in small
business loans through the owners and a
further $30 M provided by associate
private investors. “Funds and Loans” have
developed many relationships in the US and
have recently launched the website www.fundsand
loans.com in order to capitalize more
efficiently by being online.
The size of loans that we approve, vary
from $100,000 to $20 million, with the
average loan coming in at approximately
$750,000 and vary from collateralized to
non-collateralized, on a case by case
basis.
“Funds and Loans" is also a trustworthy
resource guide, which lists the details of
qualified professional services firms who
are members of the network, including
accountants, insurance brokers, business
attorneys and others
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