Buyer FAQ

How are businesses priced?

Written By: Harpreet Singh
May 10, 2012
Article #202


Generally, at the outset, a prospective seller will ask the business broker what he or she thinks the business will sell for. The business broker usually explains that a review of the financial information will be necessary before a price, or a range of prices, can be suggested for the business.
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Why should I go to a business broker?

Written By: Harpreet Singh
May 10, 2012
Article #183


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, including many that you would not be able to find on your own.
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Do I need an attorney?

Written By: Harpreet Singh
May 10, 2012
Article #182


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 business buying process and has the time available to handle the paperwork on a timely basis.
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What does it take to be successful?

Written By: Harpreet Singh
May 10, 2012
Article #184


Certainly, you need adequate capital to buy the business and to make the improvements you want, along with maintaining some reserves in case things start off slowly. You need to be willing to work hard and, in many cases,
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How are businesses priced?

Written By: Harpreet Singh
May 10, 2012
Article #186


Generally, at the outset, a prospective seller will ask the business broker what he or she thinks the business will sell for. The business broker usually explains that a review of the financial information will be necessary before a price, or a range of prices, can be suggested for the business.
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What should I Look for?

Written By: Harpreet Singh
May 10, 2012
Article #201


Obviously, you want to consider only those businesses that you would feel comfortable owning and operating. “Pride of Ownership” is an important ingredient for success.
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What is the real reason people go into business for themselves?

Written By: Harpreet Singh
May 10, 2012
Article #203


There have been many surveys taken in an attempt to answer this question. Most surveys reveal the same responses, in almost the same identical order of priority. Here are the results of a typical survey, listed in order of importance:
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Why should I buy a business rather than start one?

Written By: Harpreet Singh
May 10, 2012
Article #204


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 t
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