Buy A BUSINESS
For the first-time buyer, there will be many questions that need answers. Alliant Capital Advisors brokers have (combined) decades of experience assisting buyers in the acquisition of businesses and related real estate. Our experienced team will provide information in an easy-to-understand format. From the very first step to the closing table, our objective at Alliant Capital Advisors is to guide the process for you.
We will demonstrate exactly how the evaluation was performed, explain how to understand the financials, arrange the “buyer-seller meeting”, assist in the preparation of an offer, help you manage due diligence, and facilitate the closing. Alliant Capital Advisors is focused on being the best partner in this endeavor, and our courtesy, integrity, and assistance in every aspect of the business transaction are extended not only to you, our customer but also to our buyer and all of their professional advisors.
Things A Buyer Should Know
At Alliant Capital Advisors, we recognize the importance of finding you a business that you are comfortable with.
A business must fit your desires and financial needs to be successful.
You probably want to know why the current owner is selling. This can be a variety of reasons. Perhaps, it’s health, divorce, or retirement. In any case, it could present a good buying opportunity.
Why Buy An Existing Business
According to author Michael Gerber*, 40% of new businesses fail in the first year.
On the other hand, purchasing an existing business reduces an entrepreneurs’ risk while creating opportunities for tremendous profit.
Buying an established business is less risky since you know the process already works and you have an immediate cash flow. Plus, it has an established customer base. And, since historical data is available, obtaining financing is easier for an existing business vs. a startup.
*Michael Gerber is a renowned founder and Chairman of the Michael E. Gerber Companies, a group of highly unique enterprises that is dedicated to creating world-class start-ups and entrepreneurs in every industry and economy. See his E-book series about entrepreneurship.
You are buying a known name and product. The ongoing benefits of any marketing and networking the prior business owner conducted is passed to you.
When you have an established name in the business community, it’s easier to attract new business than with an unknown start up. That’s an intangible benefit that’s difficult to put a price on.
You are acquiring an existing customer base and vendor base that took years to build.
It’s very common for the seller to stay on and transition with the business for a short time to transfer those relationships to the buyer.
Also, you are acquiring one of the most valuable assets, the employees. It took the current owner time to assimilate and develop the employees into the company culture.
With the right team in place you will have an easier time implementing growth strategies.
How do you start?
Well, the first step is to contact our office and we will assist you in taking the first step.
After identifying your interest, we will counsel you as to a type of business, location, price, financing and the other very important aspects of owning the “American Dream”.
CONGRATULATIONS– YOU ARE ON YOUR WAY!.