Franchise Exchange |
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| This is the Market place where your source for top franchises for sale, information about
today's best franchises and business opportunities |
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Web Exchange |
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| Place your online business directly in front of people actively looking to buy a business |
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Project Exchange |
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| Project Market Place for enterpreneurs seeking funding for small & medium businesses. |
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Looking for a Partner |
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If you are starting a new business and need ideas or skills to complement your own ....
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Business Valuation |
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Business Value….. In a nutshell, Business value must be measured by what you are getting in return for your money. |
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Buy a Business |
Build your plan, and then organize it |
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 Buying an existing business is an excellent option that is often overlooked by business professionals, but it does have advantages. You will have an established name, existing customers and an immediate revenue stream.
However, searching for a business to buy can be difficult, and finding the right one to buy is tougher yet.
The process can be time consuming, costly and frustrating. Even the most skilled businessperson may find this experience challenging. To provide some “structure” to this very complex decision,
the following process-oriented steps may serve as a checklist to help you go through the process.
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| Businesses for Sale |
Personal assessment and criteria
Based on what you know about yourself and why you are interested in this business, you must constantly assess if the concept and the business is right for you. Does it fit with your interests and your resources? Cash, credibility, skills and contacts: do yours match what this business will demand?
Ask for the business plan
Does the seller have a current business plan? Do they have any business plan? The business plan—or its absence—may tell you a lot about the business, its history, the owner’s view for its future, and their interest in selling.
The seller
If you should purchase the business, you are going to be dependent on the seller for information, contacts and resources. Based on what you know now, what do you think your relationship with the seller is going to be like? Can you expect that to be a positive experience? If you see signs of a “difficult” person in the initial purchase investigation stages, it may become more stressful for both parties as things progress.
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Questions to be ask when buy a Business |
There are so many questions to ask when considering the purchase of an existing business. In fact, there is not enough room on this page to list them. But let me give you a few examples that relate to financial, marketing, ownership and operations:
- Check the fair market value or selling price of the venture
- Most importantly, why is the seller selling?
- Have you asked to see the company’s (not the owner’s personal) Financial returns for the last three years?
- Have you asked for a copy of all documents of all outstanding indebtedness like notes payable, accounts payable, real estate and equipment leases?
- Has the seller offered to stay around for awhile after the sale to help with transition, and have you discussed some compensation for his services during that transition period?
- Have you been allowed to talk with the employees, or is this sale of a confidential nature at this time?
- If so, why are the employees not being told of the impending sale?
- Has there been any significant turnover of employees? If so, why is that?
- Have you learned anything about the quality of customer relations at the company?
- Is there a close relationship between company and customers?
- Have you learned anything about the relationship between the company and its vendors?
- Do vendors display preferred, regular or irregular relations with the company?
- Are there any members to a management team for this company?
- If so, are they aware of the impending sale, and how do they feel about it?
- What are the actual conditions of the working environment?
- Are there any hazardous situations or is this a well-kept workplace?
- What are the actual conditions of existing fixed assets like office equipment, machinery, vehicles and the like?
- Do employee, managers and supervisors demonstrate good maintenance and cleanliness of company property? … so on
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