What Does EMPIRE Business Brokers Offer You?
An advantage in buying an ongoing business is that you, as the
new owner, have an immediate cash flow and an established customer
base. You do not have to build a business. You simply take over
an existing successful business with the present owner's assistance.
you in obtaining financing. Banks are reluctant to finance business
purchases for several reasons. First, all small businesses attempt
to minimize profits shown on financial statements to reduce tax
liability. Also, a bank cannot manage a business if foreclosure
becomes necessary. Therefore, over ninety percent of business purchases
are financed by the owners, which demonstrates their confidence
in the business.
Unlike the sale of real estate or franchises, the sale of an ongoing
business is very confidential for both the seller and the prospective
buyer. All inquiries are held in strict confidence. Meetings are
confidential, and we are available after hours and on weekends.
Things a Business Buyers Should Know
At EMPIRE , we are advocates of finding a business that you like
and would feel comfortable managing. You, like every other prospective
buyer, have a vision of being your own boss and calling your own
shots. A business must fit your visions to be successful.
old saying in the real estate industry is...."The three most
important things a buyer should look for are location, location,
and location." While location is important to a business buyer,
be aware that track record and management round out the three components
of a successful business.
Let's assume that you find a business that you like and its location
is fine. But, because of poor management, the business may not show
the greatest track record. 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 vision of
being in business for yourself.
As a prospective buyer, you will be concerned as to why the business
owner is selling the business. Business owners sell for a variety
of honest reasons. Besides the obvious reasons of retirement, bad
health, or re-location, many sellers simply tire of doing the same
thing and want to move on. If it is a good business for you, the
reason for the sale doesn't matter.
Finally, be aware that some businesses sell for less than what they
are listed for. So, if it is a business you like, don't be afraid
to make an offer.
your EMPIRE Business Broker is a well trained professional
who knows how to buy a business. Do utilize your broker's
talents and call your broker whenever you need assistance
or have questions about the process.
you require proffesional assitance to purchase a business,
contact us today
for a confidential meeting: