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Buying Business
Buying an existing business or franchise is a big step. Sunbelt can help by
providing you with the information and guidance you need to select a business
that's right for you.
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".
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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.
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Here are just a few of the advantages an existing business has over a start-up:
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You can review actual operating
results, rather than projected results
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You get immediate cash flow from the ongoing
business activities |
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You will have trained employees in place (that can
train you!) |
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You will have established suppliers |
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You will have established customers and referral
business |
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You will have existing licenses and permits |
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The seller will train you in operating the
business |
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In many cases, the seller will provide the
financing you need to buy the business |
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Sunbelt's trained business advisors 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.
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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 advisors 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.
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Our advisors can skillfully negotiate financing and formulate a financial plan
that works for you. Due to a bank's reluctance to finance small businesses,
over 65% 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 advisors know how to make financing
terms work in your favor, quickly and easily.
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