Buying a Business
As an Individual Buyer,
What Does EMPIRE Business Solutions
EMPIRE is experienced in doing extensive searches for companies looking to expand by acquisition. Once we locate a potential acquisition target, we assist in the entire process to help ensure a successful completion of the transaction.
You and your corporate team need to focus on running and growing your business. Let EMPIRE find the right target company for you.
An advantage to buying an ongoing business is that you, as the new owner, have an immediate cash flow and an established customer base. You do not have to build a business. You simply take over an existing successful business with the present owner’s assistance.
EMPIRE has established a unique business relationship with a leading Loan Facilitator to assist you with all of your business acquisition financing needs. Our Loan Facilitator Partner works with lenders who provide financial products such as small business loans and commercial loans, as well as other financial instruments to obtain the financing you need. Our partner has the experience and expertise to work with you throughout the loan process to help ensure a successful and timely closing.
Unlike the sale of real estate or franchises, the sale of an ongoing business is very confidential for both the seller and the prospective buyer. All inquiries are held in strict confidence. Meetings are confidential, and we are available after hours and on weekends.
THINGS A BUSINESS BUYER SHOULD KNOW
At EMPIRE, we are advocates of finding a business that you like and would feel comfortable managing. You, like every other prospective buyer, have a vision of being your own boss and calling your own shots. A business must fit your visions to be successful. An old saying in the real estate industry is….” The three most important things a buyer should look for are location, location, and location.” While location is important to a business buyer, be aware that track record and management round out the three components of a successful business.
Let’s assume that you find a business that you like and its location is fine. But, because of poor management, the business may not show the greatest track record. Purchased for the right price and on the right terms, this business could become more successful with proper management, making it a good way to achieve your vision of being in business for yourself.
As a prospective buyer, you will be concerned as to why the business owner is selling the business. Business owners sell for a variety of honest reasons. Besides the obvious reasons of retirement, bad health, or re-location, many sellers simply tire of doing the same thing and want to move on. If it is a good business for you, the reason for the sale doesn’t matter.
Are you looking for a particular type of business? EMPIRE Business Solutions has a special buyer’s agent program. In this program we use various techniques to try and locate the exact type of business you are looking for. For more information on this program, please call 858-673-7773.
Remember, your EMPIRE Business Intermediary is a well trained professional who knows how to buy a business. Do utilize your intermediary's talents and call your intermediary whenever you need assistance or have questions about the process.
If you require professional assistance to purchase a business, contact us today for a confidential meeting.