Buying
an Existing Business
Have you considered being your own boss, creating your own
financial independence and making your own dreams a reality?
You're not alone, owning your own business is the "American
dream". But the reality is that buying a business is
a serious financial and personal commitment that requires
an understanding of what makes a business successful. All
too often, new owners jump blindly into a business venture,
overwhelmed by the tremendous workload of starting a business
from the ground up. A government survey shows that 60% of
new businesses fail within the first three years. An existing,
established business that is purchased by a new owner shows
a minimal failure rate.
If you have considered the thought of owning your own business,
buying an existing business has many advantages over building
a business from scratch:
- You can review actual operating results, rather than
projected results.
- You get immediate cash flow from the
ongoing business activities.
- You will have trained employees
in place.
- You will have established suppliers.
- You will have established
customers and referral business.
- You will have existing
licenses and permits.
- The seller will train you in operating
the business.
- In most cases, the seller will provide
the financing you need to buy the business.
SUNBELT
Business brokers know the reasons a good business
succeeds. SUNBELT itself
is a
franchise
that ranks
number one in the business brokerage
industry. SUNBELT has over
twenty years of matching the right
business opportunity with the right buyer. It's
that simple.
From understanding the reasons an on-going business can
provide a positive cash flow, to the value of an established
name, location and customer base to the inner workings
of new owner financing and sealing the deal - SUNBELT can
make your dreams reality. With the right negotiations,
a business can actually pay for itself - let SUNBELT show
you how.
Confidentiality
Unlike the sale of real estate or franchises, the sale
of an on-going business is very confidential for both
the seller and the prospective buyer. All inquiries are
held in strict confidence. Meetings and information shared
or observed are to be held in strict confidence. To ensure
confidentiality for all parties, SUNBELT brokers require
a confidentiality agreement to be signed.
In return for granting you, the prospective buyer, access
to investigate the operations of the seller's business
and otherwise private information, the prospective buyer
promises to use the information for the sole purpose of
evaluating the benefits and risks of purchasing the seller's
business in strict confidence.
Financing
Brokers can skillfully negotiate financing and formulate
a financial plan that works for you. Due to a banks reluctance
to finance small businesses, over 90% of business purchases
are financed by the current owners, demonstrating their
confidence in the continued success of their business.
Financing a business purchase through an owner vs. through
a bank brings a lower interest rate, lower payment plan,
simple credit checks, using the business as collateral
for the loan and greater owner commitment to your success.
SUNBELT brokers know how to make financing terms work
in your favor, quickly and easily.
Through SUNBELT's collaboration with CIT Finance, your
SUNBELT broker can begin steps to pre-qualify prospective
buyers for financing as soon as an inquiry is initiated.
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