Business Broker Guide

TheSexyOne asked:


I am in a position to buy a business and was wondering what is the process .i.e. what are the steps? I am going through a broker so if anyone has any experience on this matter could you please inform me on the steps and process. Thank you for all suggestions.

Noheaven asked:


Do business broker charge commission if you’re the buyer and hire a broker to buy a suitable small business ?
Or does it work like residentail brokers where buyers don’t have to pay any commission?

Thanks!

Purple Mohawk Indian asked:


If you had $25,000 in liquid cash and you wanted to buy an established business in the price range between $80-120K, how would you go about doing it? Would you try to get SBA financed, find an owner financed business or combination of those? Should I initially consult a local business broker?

Frank M asked:


I went to business school specifically because I wanted to start my own business. I thought bankers would take me seriously if I had a degree in finance and management. I’m stuck in a crappy cubicle job, and I hate it. I want to break out and head on down entrepreneur avenue.

I’ve browsed around some of the Business Broker websites, and have found a few likely candidates, but I don’t want to approach the current owners to request financial statements and tax documents until I know I can arrange financing.

I’ve been down to the SBA, twice, and they told me I had to speak to a bank about the financing. So I went to a couple banks and asked them specifically what the requirements are for a loan of this nature. They just gave me the blow-off.

Does anybody know where to go to arrange for financing to purchase an existing business? Ther preliminaries on many of these listings indicate that they could easily service any associated debt.

sciensational asked:


it is a lucrative business with a list of many places that use us.Can i sell it without a business broker

http://www.ihearclear.com/

JJBinx asked:


Hi all. I am interested in buying a retail business that is up for sale. I’ve talked to the seller’s broker a bit. I’m new to this - should I have my own broker?
forgot to mention - i’m in California, Los Angeles county.

http://www.badcooking.com/