OUR SERVICES


• Business Brokerage Services
• Business Sales... detail
• Business Acquisitions... detail
• Business Valuations
• New Franchised Business Sales

MERGERS AND ACQUISITIONS


Sell-Side Representation
>Buy-Side Representation
• Sell-Side Due Diligence
• Buy-Side Due Diligence

Confidential Consultation


You can rely on our Business Intermediary Services to deliver. We offer free confidential consultation to discuss your Exit Strategies and/ or Acquisition options. Call (416) 364-5550 Or ....eContact Us

Jun
03

How to Buy or Sell a Business

By

"Article on How to Buy or Sell a Business"Buy or sell a business is a difficult task, being sure that you are investing in the right business that you will be able to drive to success that will give you the returns and be profitable. On the other hand selling your business that you have created with all the hard work and built from scratch can be more complicated than just finding the right deal, it involves managing your feelings towards your business as well.

While buying a business a few things to be mindful of would be:

Research

Understand each aspect of the business, it may look very appealing and promising upfront, but as the perspective future owner it is important that you understand everything about it. A good thing to also find out would be the reason behind the sale of the business.

Value of the business

Check the market value of the business, do not buy it just because it promises to be a success or it has very promising prospects. It is important to invest right, and to invest right an individual needs to find out exactly where the business stands

Closing checklist

Get legal advice before you close in on a business purchase. They are the ones who will make sure that all the aspects are taken care of and that you do not walk into a business set for failure.

Sales agreement

The most important piece of paper when a business changes owners; the sales agreement details all the legal aspects of purchasing the business. Make sure you go through each detail to check that all the things discussed, have been included.

While selling a business a few things to take care of would be:

Take stock of your feelings

Many a times business owners get cold feet when they come to signing the sales agreement, it is understandable as a lot of effort goes into creating a business. Make a pros and cons list for the outcomes of selling your business, and be sure of your decision before you start advertising the sale possibilities.

Choose the right way

There are many ways to sell a business, you could liquidate it, you could sell assets in a fire sale, you could give it to your heirs, sell it to the key employees of the company, or to a third party. All these aspects have their own pros and cons:

  • Liquidation: While a quite preferred way to sell a business, liquidation requires a lot of rules to be followed and divides the money in various levels.
  • Fire sale: The fastest way to sell of your business which would save you a lot of money that you would have to pay for employee salaries, maintenance of the business, etc. if you went a slower way. However, this method brings with it, the possibility of selling the assets at discounted prices.
  • Giving it to your heirs: This is a good way to go as it still lets you keep the business in the family, however it is essential that you pass the business on to someone who is well skilled to handle it.
  • Selling it to key employees: This is another excellent way to sell your business where the employees also get a stake in the business, such businesses grow faster as the motivation to succeed lies with many instead of just one
  • Sell to a third party: A third party sale is also a good option if you would like to hand over everything to another person who can handle it and keep it running. This option also ensures that most of your employees do not lose their jobs.
Categories : Blog, Tips/Articles

Comments

  1. Leslie says:

    Thanks for sharing your thoughts on buyig a business.
    Regards

SELLING A BUSINESS


Looking to sell your business? Selling your business confidentially & in top dollars needs preparation, patience, & right Business Brokerage Service. We market & process your sale while you concentrate on your business operation.....details

BUYING A BUSINESS


Considering buying a business? We can assist you find the right business & manage the entire buying process to ensure a successful transaction. For matching business opportunity suitable for you, let us know your preferences. ...details

VALUING A BUSINESS


Right pricing results in quick sale of a business. Overstating or underestimating business value can be costly for an owner. We help our Client avoid costly mistakes by valuing a business that can help you make/ save when buy or sell....details

AFFILIATIONS

footer carousel