FAQs
Why should I buy a business?
There are several reasons acquiring a business may be the best option for you. Whether it’s a passive investment, expanding your current business, or pursuing your dream of entrepreneurship you don’t have to start from scratch. Purchasing businesses has been a viable option for many entrepreneurs for centuries.
What is my business worth?
The value of a business depends greatly on several factors, and unfortunately it’s not a one size fits all. One thing is for certain, you can’t believe the generalizations you see or hear online, especially social media. An in depth look at your business is required to determine it’s marketability and value.
Why should I work with a business broker?
You’ve worked hard to build your business, and while the numbers vary annually many sources report that only 20-30% of businesses will sell, while the remainder will simply close their doors. Professional business intermediaries know and understand what makes businesses marketable, and can coach you through the nuances of selling or acquiring a business.
When should I start planning the sale of my business?
Selling a business requires a lot of preparation, and the intelligent buyers are going to do their due diligence. Proper planning for your exit should begin years before the anticipated exit. If you haven’t begun, get in contact with a broker to discuss your options.