Buying a business is a major decision!

You will devote your time, money and energy to finding, purchasing and operating a business.  You hope it will represent your life’s work.  You have decided that now is the right time to buy, and you want the very best professional guidance you can get.  This is when working in tandem with a professional business broker can make the difference between just buying a business and buying the right business for you at the very best price and terms!

Below is one of the most common questions asked by buyers.  The response is based on both experience and knowledge.  If you have any questions that we have not covered please don’t hesitate to contact us.

What Can Business Brokers Do – And, What Can’t They Do?

Business brokers are the professionals who will facilitate the successful purchase of a business.  It is important you understand just what a professional business broker can do – as well as what they can’t.  As your business broker we can help you decide which businesses match your skills and experience and which businesses do not.  We can help identify a fair price for a business and how to structure the acquisition so it makes sense for everyone – you and the seller.  We can find the right business for you to buy and work with you and the seller step-by-step until the transaction is successfully closed.  We will also help the seller in all the details of the business selling process.

A business broker is not, however, a magician who can find the perfect business.  All businesses have their unique set of challenges.  You should understand a business transition will be difficult.  You may have issues with the economy, employees, suppliers, new competitors and at times the seller.  You may not initially achieve the results the prior owner achieved.  It is important to understand how the amount of the down payment along with the source and terms of financing can greatly influence not only the ultimate purchase price, but also the success of the acquisition itself.

Are you thinking about buying a business but aren’t convinced that you need the services of a business broker? Would you like to know what type of business would meet your goals? Please feel free to leave comments or questions here and we would be happy to help.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com