Buyer FAQs
Where do I begin the process of finding a business?
We offer a free consultation that allows you to share with us your business criteria. You will be required to sign a confidentiality agreement, which permits you to search our database and the databases of cooperating brokers for one year. There are no obligations or costs.
What are the financing options for a business acquisition?
Appraisal, financing, and sales of small businesses are our specialties. Sellers are often willing to finance deals. Generally, this indicates that the seller has confidence in you and their business. More than 70% of the businesses we represent are eligible for financing through SBA, banks and major small business lenders.
Why am I required to sign a confidentiality agreement?
An established business has to be sold in a confidential manner otherwise it could negatively impact the business. A confidentiality agreement must be signed before you can see details about a business or receive its address.
What do I agree to when I sign the confidentiality agreement?
You sign the confidentiality agreement to promise not to talk about your intentions as a potential buyer to employees, current owners, customers, or vendors. All business discussions will be conducted through the broker. The agreement also prohibits you from using proprietary business information to start a competing business.
What will a business broker do to help me acquire a business?
As a buyer, working with an experienced business broker will help you find the right business and guide you through the entire process of acquiring a business.
What are the benefits of buying an established business rather than starting a new one?
Many start-up businesses fail within the first five years of operation.
Starting a business may involve a lot of risks, but purchasing an established business can reduce a lot of these risks. An established business has a proven business model, a customer base, employees, and a positive cash flow.
Can I review the financial records of the business before purchasing it?
Absolutely! Once you sign a confidentiality agreement, you can get all the information you need. Other than you, this information can only be shared with your attorney and accountant.
More questions? Have a conversation with us!
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