Businesses on Sale Near Me | Buy A Business

Looking To Buy A Business?

Times have changed. The process of buying businesses has changed dramatically in the last 10 years. What we are witnessing in this new digital age is that the old rules don’t work.

Advisors is leading the pack in delivering critical information to business buyers in a timely manner while maintaining confidentiality for the business. The process of buying Businesses on sale near me can be confusing and time consuming. Even if you have experience in the corporate world of mergers and acquisitions, you may still find yourself on unfamiliar ground when buying a small company.

While the digital world has changed the process of buying a business, the heart of being successful is still centered on the people. There is a science to buying a business, and at the same time there is an art to buying a business. Both are critical. The science is more about the steps and the processes of buying a business. The art is the psychology of the deal – the understanding and empathy of the seller and their perspective. The most successful business buyers understand this art of buying a business. It can mean a world of difference in the success and failure of the business in the future. This art is not just about the buying process but it affects the future success once you own the business. If you can’t take book knowledge of buying a business and disseminate that information into an art and philosophy with empathy and wisdom, you are doomed for failure.

The good news is Advisors is seasoned at the processes of buying Businesses on sale near me and practical knowledge and are experts at the art of the deal. We gained this experience from owning and selling our own businesses, and helping hundreds of business buyers purchase businesses. We pride ourselves at equipping business buyers with the tools they need to be successful in owning their own business. Advisors helps you the business buyer understand the art of buying businesses on sale near me as well as the process. This information is critical to your success. Our tool box of business buying assets are customizable to you and your seller’s specific situation.

And of course, if you’re a veteran in business transfers and you’ve bought and sold many businesses, you’ll gain a valuable understanding of the process that will assist you in working with our firm.

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The Buying Process: Steps to Entrepreneurship

The Right Business For You

Buying a business is one of the biggest life decisions you will ever have to make.

Take Charge

You have made the decision to control your financial future by purchasing a business. Owning a business is the greatest way to build wealth and take charge of your own destiny. Congratulations for contacting Advisors, you’ve selected one of the best in the industry! Now the process begins to help find and acquire the right business for you.

Evaluation

All buyers should meet their Advisors representative in person, however, if that is not possible due to distance, continuous communication by phone or email can be effective. We begin our process by gathering detailed information about you to establish your financial capabilities, your skills and experiences, and your personal life goals. This information helps us gain your commitment to the process and determine the best types of business to pursue. Once this is completed, we will start your search using Advisors market basket of resources.

Education

You won’t feel comfortable making a decision until you understand what it takes to buy a business. We will explain the process and help you understand the realities of the current marketplace. You will learn how to use online forms, to search the Internet for businesses, to read Business Listing Information sheets, to understand basic valuation concepts, and to review our available opportunities.

Search

Now the hard work begins. We will help you search for your business, aid you in signing confidentiality disclosures, get you detailed information on the business, and set up showings with the seller. We will refine your business search and visit opportunities until you decide on a business to purchase. If your search takes longer than a few months, you may need to return to the education step.

Offer

We will share with you our expertise in deal structure, by helping you draft a contingent offer on a business that you would like to buy. A purchase and sale agreement will be presented to the seller with a deposit of good faith held in escrow to demonstrate your seriousness. After any negotiations, you should be left with an executed contingent purchase agreement to buy a business.

Due Diligence

This period is where you fully inspect the owner’s representations are accurate. We will coordinate the efforts of your legal and accounting professionals and strive to satisfy all contingencies. If there is financing involved your application must be approved by the lender, proving that you are qualified for repayment of the loan.

Closing

Final preparations will be made for lease assignments, utility transfers, financing, merchant service accounts, inventory counts and any other last minute preparations to make the transfer as seamless as possible. Your acquisition will usually be completed by an attorney or notary with the signing of several documents and the payment of the balance of the purchase price.

Post Closing

Transitional training by the seller may include meetings with employees and clients, technical education, computer updating, and other essential knowledge transfer. We will be available to assist you with any questions or post closing requirements you may have. Remember what you have learned throughout this process, because when the time comes, Advisors will still be here to help you sell your business.

Many additional questions may arise during the buying process. Please do not hesitate to have us explain in detail any portion of this process. You will discover that, with Advisors assistance, you can have a successful experience purchasing and owning your own business.

Interested in Buyer Representation?

ALL COMMUNICATIONS ARE KEPT CONFIDENTIAL: We respect your privacy and will keep all conversations confidential and private unless otherwise discussed.