FAQs
Get all your answers here
For Sellers:
Think about selling when your business is doing well, the market looks good, and you’re ready both personally and financially. It’s important to consider what you want next in your life and if selling helps you reach those goals.
Your business’s worth is based on things like how much money it makes, its growth, what industry it’s in, and its assets. We use methods that are commonly accepted to make sure you get a fair price.
Selling a business can take different amounts of time, usually between 6 to 12 months. This varies based on your type of business, the market, and how fast we find the right buyer.
Yes, keeping your business information private is very important to us. We make sure all sensitive details are kept secret during the selling process.
Get your business ready by organizing your money records, making sure everything is legally in order, improving how your business looks and runs, and having a good team to manage it.
For Buyers:
Look for a business that matches what you like and know how to do. Check how much money it makes, its growth potential, and where it stands in the market. We can help you find businesses that meet what you’re looking for.
Look for signs of profit, how sales are doing over time, how much debt it has, and its overall money health. Understanding its past money records and future predictions is key.
You can use different ways to pay for a business like bank loans, special loans from the Small Business Administration, getting the seller to help finance, or using your own money. We can help you understand your options.
Due diligence is when you carefully check the business’s records and how it operates. It’s important because it lets you know exactly what you’re buying and the risks. This includes looking at financial records, legal stuff, and contracts.
Yes, you can talk about the price. It depends on how much the business is worth, how it’s doing, and the market. We can help you negotiate a price that’s fair and reflects the true value of the business.
Closing Note
Every sale or purchase of a business is unique. These questions and answers are just a general guide. For more specific advice that fits your situation, feel free to get in touch with us.