According to the Small Business Administration, approximately half of all new businesses fail within the first five years. This daunting statistic is one of the preeminent reasons to purchase a reputable business. Acquiring an existing business allows you immediate access to a proven concept with instantaneous cash flow. Moreover, it ensures an established customer base, vendors, and knowledgeable employees. It is also considerably easier to acquire financing for an established business than it is for a startup. Subsequently, you have the decision of whether to continue running the business as usual or to grow and expand. Regardless, you circumvent the time, effort, and money that the original owner put forth to get off the ground and beat that statistic.
What we Provide:
- Preliminary Meeting:
Your senior business advisor will begin by meeting with you to discuss your goals, experience, and financial position, as well as answer any questions you may have about the process.
- Business Search:
IW Business Brokers employs our expansive database of personal contacts and current business listings to find a business that is a match for you. By prescreening businesses, your advisor takes the work out of the search and only presents you with qualified options.
- Seller Screening Process:
Once a business is determined, we will then perform an exhaustive evaluation of the business, which includes financial statements, equipment, leases, and much more. Additionally, we assume all negotiations and paperwork.
- The Closing:
Throughout the closing process, your advisor will affirm that all documents are successively completed, and that all necessary to the transaction are both present and prepared.