As you began to look into a new business for ownership, consider the following

Most buyers are looking for many of the following in considering the purchase of a business:

Where to Start

1. Your first question should be - How established is the business you are looking to purchase? This is important- for the establishing of the business was the hard part in getting the business to the point of your future. This process was made at the sellers risk and it's to your advantage.

2. Why is the present owner selling? This is the number one question our office receives. 90% of the time, the owner is retiring. We have found many businesses are owned and run by the actual owners and a time comes in their lives where they are simply ready to enjoy life retired, sipping cold drinks on the beach. As for the other 10%, family, moving out of the area, and even other interest takes their take out of the equation of being able to own and operate the business.

3. What about financing? Many will tell you, it difficult to find financing for this type of market direction. At Dominion Brokerage, we have set things in place so you won't have to. Many of our seller's offer some financing. That's not the end of the story when you use DB as your broker; additionally we have SBA available, through several different lending institutions. Now, that should help put a smile on your face!

The Bottom Line

Starting your own business is a scary thought for most- and it should be- for starting up a new company requires total risk! Remember the key reason for purchasing an existing business- your investment is your future.