Comments on: Buying an established business? http://www.businessbrokersguide.com/blog/buying-an-established-business/ Thu, 17 May 2012 09:01:52 +0000 http://wordpress.org/?v=2.7 hourly 1 By: T E http://www.businessbrokersguide.com/blog/buying-an-established-business/comment-page-1/#comment-848 T E Tue, 30 Jun 2009 13:06:12 +0000 http://www.businessbrokersguide.com/blog/buying-an-established-business/#comment-848 the amount above $25000 needs to be financed, preferrably in the following order as the interest is less from the bank: (a) seller, (b) SBA, and (c) bank do u know what you are buying - inventory, fixed assets, goodwill? have you reviewed the financial statements of the business? Has it been profitable? Are equipments in good working conditions? you may wish to consult an accountant to analyse the financial statements, and a businss broker about the business, before you decide to buy the business the amount above $25000 needs to be financed, preferrably in the following order as the interest is less from the bank: (a) seller, (b) SBA, and (c) bank

do u know what you are buying - inventory, fixed assets, goodwill?

have you reviewed the financial statements of the business? Has it been profitable? Are equipments in good working conditions?

you may wish to consult an accountant to analyse the financial statements, and a businss broker about the business, before you decide to buy the business

]]> By: Rohan http://www.businessbrokersguide.com/blog/buying-an-established-business/comment-page-1/#comment-847 Rohan Sun, 28 Jun 2009 10:45:55 +0000 http://www.businessbrokersguide.com/blog/buying-an-established-business/#comment-847 not a good deal not a good deal

]]> By: hdawg2006 http://www.businessbrokersguide.com/blog/buying-an-established-business/comment-page-1/#comment-846 hdawg2006 Sat, 27 Jun 2009 02:58:02 +0000 http://www.businessbrokersguide.com/blog/buying-an-established-business/#comment-846 Just a heads up, but you will most likely need to start by seeing a bank. Unless you are buying this business with a group of others, as in a partnership, $25,000 will probably not be enough alone without some kind of loan. Checking with a banker might help you out because then you will get a narrower idea of exactly what you can spend. Just a heads up, but you will most likely need to start by seeing a bank. Unless you are buying this business with a group of others, as in a partnership, $25,000 will probably not be enough alone without some kind of loan. Checking with a banker might help you out because then you will get a narrower idea of exactly what you can spend.

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