| Have you considered
being your own boss, creating your own financial independence
and making your own dreams a reality? You're not alone; owning
your own business is the "American dream". But the
reality is that starting a business is a serious financial
and personal commitment that requires an understanding of
what makes a business successful.
All too often, new owners
jump blindly into a business venture, overwhelmed by the tremendous
workload of starting a business from scratch. In fact, a government
survey shows that 60% of new business start-ups fail within
the first three years. On the other hand, an established business
that is purchased by a new owner shows a minimal failure rate.
Here are just a few of the
advantages an existing business has over a start-up:
- You can review actual operating results,
rather than projected results
- You get immediate cash flow from the
ongoing business activities
- You will have trained employees in place
(that can train you!)
- You will have established suppliers
- You will have established customers and
referral business
- You will have existing licenses and permits
- The seller will train you in operating
the business
- In many cases, the seller will provide
the financing you need to buy the business
- Sunbelt's trained intermediaries know
the reasons a good business succeeds. From understanding
the reasons an on-going business can provide a positive
cash flow, to the value of an established name, location
and customer base to the inner workings of new owner financing
and sealing the deal - Sunbelt can make your dreams reality.
Confidentiality
Unlike the sale of real estate or franchises,
the sale of an on-going business is very confidential for
both the seller and the prospective buyer. All inquiries are
held in strict confidence. Meetings and information shared
or observed are to be held in strict confidence.
To ensure confidentiality for
all parties, Sunbelt Intermediaries require a confidentiality
agreement to be signed. In return for granting you, the prospective
buyer, access to investigate the operations of the seller's
business and otherwise private information, the prospective
buyer promises to use the information for the sole purpose
of evaluating the benefits and risks of purchasing the seller's
business in strict confidence.
Financing
Intermediaries can skillfully negotiate
financing and formulate a financial plan that works for you.
Due to a bank's reluctance to finance small businesses, over
90% of business purchases are financed by the current owners,
demonstrating their confidence in the continued success of
their business. Financing a business purchase through an owner
vs. through a bank brings a lower interest rate, lower payment
plan, simple credit checks, and greater owner commitment to
your success. Sunbelt intermediaries know how to make financing
terms work in your favor, quickly and easily.
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