Buying a business can seem like an overwhelming experience and that is why a Business Intermediary is so important to guide you through the process.
Did you know that 90% of businesses sold are bought by first time buyers?
Buying a business is a step by step process and you cannot afford to miss one of those steps.
In the majority of cases you must be familiar with a business and not think you can learn it without a problem. This is where many new owners get in trouble.
When you work with us, we first find where your strengths and weaknesses are so we can establish which opportunity would be a good fit for you.
Here are just a few things you must know about purchasing a business.
What is a typical day like in the business?
What does the future of the business look like?
Are the fixtures and equipment in good working order?
How much inventory has to be carried?
What permits are necessary to run the business?
What licenses are required to run the business?
Is the cost of the lease in line with similar businesses?
Are the financial records clean?
What is the competition like in the surrounding area?
Can I get financed or is there Seller Financing available?
These are just a few of the questions you will need answered before closing on a business.
Freedom Business Advisors, Inc. will take you through the process step by step, so call us today to start your new venture.