steps to buy
Buy an Existing Business
Working together with you, we guide you through the steps to buy an existing business. We participate in the due diligence process, assist in negotiations with the seller and co-ordinate the documentation of the deal closing.
10 COMMANDMENTS FOR THE BUYER
Thou Shalt Not Be Greedy!
Thou Shall Have A Good Reason For Buying!
Buying an existing business is hard work! It takes a commitment! Spend time deciding why you want the responsibility of owning a business.
Thou Shalt Provide Background Information!
Thou Shalt Keep An Open Mind!
Thou Shalt Keep In Mind Tax Benefits!
Thou Shalt Offer A Reasonable Down Payment!
A low down payment indicates a lack of commitment. When sellers question commitment, serious negotiations are in jeopardy.
Thou Shalt Realize Businesses Are Priced On Profits!
Thou Shalt Remember Time Is Of The Essence!
Thou Shalt Be Prepared To Meet the Landlord!
Thou Shalt Avoid Surprises!
Courtesy of BBP