| Benefits of Buying an Existing Business |
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Being able to review a company’s existing track record as reflected in P&L’s, Tax Returns, and other financial records can be very helpful in determining expansion plans. Growth potential can be measured based on actual experience rather that conjecture associated with startup ventures. |
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Gaining established customers significantly reduces the time it would otherwise take to attract an adequate number of customers to support the overhead of a new operation.
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Obtaining existing licenses and permits can often streamline the application process.
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Sources of capital to purchase existing businesses are more readily available than startup ventures. It is very common for the owner of an acquired business to finance part of the purchase price. Banks and other financial institutions prefer to loan money for existing operations that have a proven and documented track record. |
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| Why through AMRO Group |
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Buying a business is serious business and should not be taken lightly. Working with expert is the key to successfully finding and purchasing a business. Friends and well meaning relatives are not usually qualified to the specialized advice needed for a business acquisition. Find experienced and knowledgeable professionals who can assist you in finding an appropriate business and coordinate the sequence of events. Utilize an accountant who can help you with the due diligence process and advise you on tax and record keeping issues. Obtain legal advice for business organizational requirements and legal documentation for your acquisition. AMRO has a team of experts and experienced sales executives. They are all committed to help their clients |
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How to find a Business |
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While there are a number of ways to find businesses for sale, utilizing the services of a Business Broker can greatly expedite the process. Best way to buy a business is that always meet the business broker. When you meet with a Business Broker, be prepared to discuss your background, work experience and financial ability to purchase business so that the most productive benefits from the meeting are achieved and you can find a business that meets your criteria. You will need to prepare a personal resume and financial statement which will be required by sellers, lenders and others who will be a party. |
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Sell a Business |
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The decision to sell a business is one of the difficult ones because of the profound personal and financial impact. Many different influences bring business owners to this decision. Whatever the decision is, the owner desires to get the best out of it and we are there to help you get the real value of your business. |
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Business Evaluation |
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Simply stated, “A business, like any asset, is worth what a buyer is willing to pay”.
Buyers ask countless questions, but they are primarily concerned with a fair return on their total investment. In addition, prospective buyers make judgments about market position, proprietary know-how, competitive strengths, quality of the assets, growth potential, and risks of the business. Often time’s concerns are greatest where the owner directly interacts with the individual customers and/or clients. The prospective buyer worries about the retention of the customers/clients when the owner leaves. A Business Broker helps the business owner determine the true value of the business and , most importantly, can help prospective buyers understand the reasons for such value and structure a sale for the maximum benefits of both buyer and seller. |
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Sell a Business |
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The decision to sell a business is one of the difficult ones because of the profound personal and financial impact. Many different influences bring business owners to this decision. Whatever the decision is, the owner desires to get the best out of it and we are there to help you get the real value of your business. |
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Why you need a Broker |
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We help you to review the company’s history and your objectives to make certain that a sale is the best course of action. This review includes an opinion of selling prices of the business in today’s market. If you decide to proceed with the sale of your business, we prepare custom tailored presentation documents, develop buyer prospect lists from my contact files and other resources, make the proper approaches and screen the buyer prospects, and introduce only serious, qualified buyers to you.We will handle the entire transaction from the initial introduction of the buyer through closing, including coordination with attorneys, accountants, landlords, leasing and utility companies, and other agencies. |
You may ask: “Why can’t I sell it myself?” There are several reasons why most owners choose not to |
An owner representing himself cannot maintain anonymity and the lost confidentiality could seriously hurt the business. |
An owner may not be knowledgeable in current areas of law, accounting, taxes, and marketing of businesses. |
An owner typically does not have the ability or time to contact, screen and qualify a large group of prospects to find a qualified buyer who is serious and will offer a fair price. |
An owner’s talents are much more effectively utilized in running the business than in trying to sell the company. |
An owner generally would not have the experience, knowledge, and negotiating skills needed to sell his company efficiently and for the best price, particularly in a highly emotional negotiation such as the sale of a business where the buyer’s objectives are totally opposite of the owner’s. |
We can and will make the sale of your business a reasonably pleasant one. |
