Buying a business is an incredibly complicated process. Working with us makes it simple.
How do you buy a business?
We’ve created a lengthy article explaining the intricate steps to buying a business, but if you choose to work with us, the list of necessary steps becomes much briefer: call us, sign a non-disclosure agreement (NDA), and tell us exactly what you’re looking for in a potential business investment. We take care of the rest.
Going solo, you’ll need to learn how to navigate landlords, property management companies, lenders, accountants, attorneys, franchisors, business brokers, escrow companies, and other engaged parties. You’ll need to convince the seller that you have the financial means to be taken seriously and the qualifications to evaluate the true worth of their business. You’ll need to be able to identify potential shortcomings in their current business model and avoid the ‘money pits’ that will never give you a return on your investment.
It’s a challenging process full of headaches, and we can make it infinitely easier.
Step 2: Search for the Best Business
Start by identifying your business interest – such as retail or manufacturing or food. Narrow your search from there by applying the parameters above: your financial means, your personal skills, your preferences, and your lifestyle needs. Once you have a few qualified candidates, dig a little deeper.
Review the Blind Business Summary and decide if you’d like to learn more. If so, you’ll be asked to sign an NDA or Confidentiality Agreement to review the Confidential Business Information. If you like what you see, you can ask to meet the seller and tour the business to see the day-to-day operations.
Follow this link to a summary page of the California businesses and medical practices for sale.
What about a franchise?
Buying a franchise can be an excellent investment, as much of the guesswork of working with an unknown business no longer exists. That said, some franchises are decidedly better investments than others, and figuring out which one is likely to give you the most lucrative experience can be difficult.
We make that process easy by only working with reputable franchises in 39 industries. We’ve investigated all of these franchises thoroughly and followed our clients’ investments in them, so we can give you the inside scoop on what to expect when you purchase any one of our recommended franchises.
How do I get started?
If you’ve found a specific listing for a business in our database or elsewhere and you’d like more details about that business, you’ll need to give a little information first.
The legal contract in place between the seller and the Listing Agent requires you to provide some personal and financial information before the seller reveals their confidential business finances. Your information is kept confidentially, and only revealed to the seller for the purposes of determining if you are a qualified candidate to put in a bid for the business you’d like to buy.
The seller will then look through your financial qualifications and check your references. If you seem like a good candidate, the seller will then send you the confidential business and financial information you need to determine whether the seller’s business is a sound investment.
Believe it or not, this is one of the simplest steps in the process of buying a business. When you work with us, we protect you under our ironclad NDA agreement, ensuring your information stays confidential no matter how many sellers you contact. We then walk you through every step of the buying process – and take care of most of them on your behalf, saving you time and hassle.
Call us today or send us an email. We’d be happy to set up a free consult to talk over your goals and plans, and get you started on the right path to owning your own business.Contact us here
To view a small sampling of some of the many business purchase transactions Andrew has facilitated, including types of industries, please click here.