Buy-Side Business Brokerage
The most efficient way to buy a business is to hire a buy-side business broker to guide you through the process. A buy-side broker will not only protect your best interests they will locate and screen potential opportunities.
If you choose NOT to hire a buy-side business broker and navigate the process alone you must prepare:
| 1. A written assessment of your goals |
- Define the type of business you want
- Detail the role you envision
- List your anticipated strengths/weaknesses
- Consider your family situation
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| 2. A personal financial statement |
- List all assets (things owned)
- List any liabilities (debts)
- List all sources of income that will continue after you buy a business
- Note funds available for down payment
- Request a loan prequalification letter from your bank
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3. A personal resume
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| 4. Your acquisition criteria |
- List industries of interest
- Define location
- Determine the annual salary you require
- Timeframe
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Or, you may take an active approach by hiring a buy-side business broker to locate potential opportunities, gather information and negotiate on your behalf.
To learn more about our buy-side business brokerage services please complete the form on the right and one of our business brokers will contact you.
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Want to increase your chances of locating the right business to purchase?
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