The less-than-serious buyer is an issue that plagues every sales market. They are known as tire-kickers, but more realistically they are time-wasters. If you are someone who is very serious about buying a business, it will be important for you to distinguish yourself from this group. By showing your sincerity, you will get the attention you deserve from business brokers and sellers in the marketplace. Here are some pointers that show you mean business:

–          You are ready, willing, and able to sign the necessary non-disclosure or confidentiality agreements.

–          You have realistic goals and expectations like knowing there is no such thing as the perfect business and that any business venture comes with a certain amount of risk.

–          You have already done your homework. You know what type of business you would like to buy and you have a general idea of what’s available on the market based on internet research.

–          You have your financial ducks in a row. You have a down payment ready, have equity in assets you are ready to borrow against, or have secured financing from an outside source. You need to be prepared to disclose your financial means to your business broker so that they can find you a business that you can afford. There are options like seller financing that you may be able to consider, especially if you have a down payment ready.

–          You are ready to submit an offer or letter of intent along with a deposit to show a seller that you are serious.

Sellers and business brokers will know if you are a serious buyer or someone who is just shopping around (and wasting their time). If you wish to be taken seriously, follow these pointers and you will be one step closer to business ownership.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com