Tips for buying a business from Neil:
- Look beyond the present numbers when you do your market research.
- Are you able to picture yourself working in this business?
- Does owning this business and the products or services it sells feel right?
- Approach the review of the business with curiosity, not judgement.
- The business overhead costs are the costs ... if you keep the business in the same location you will have similar day-to-day running costs for the business.
- The seller has taken the business to a level they are comfortable with. It is up to you as the buyer to take it to a different place in the target market.
- Create a business plan. The importance of writing a business plan before buying is critical. We can discuss the things to consider when writing a business plan.
- Do you have a good team of professional advisors?
- Develop a strategy for negotiating the purchase of the business.
- Consider if you have the adequate cash flow to account for the necessary administrative overhead expenses and business costs.
- If you need a bank loan let us work with you on financing the business purchase... it's not as easy as you think, and we are experts at showing clients how to finance buying a business.
- In addition to the public listings that you can find on this site, we also sell some privately listed businesses. For more information on these, please inquire with Neil Gerritsen using the contact information provided at the top of the page.