Buy a business with Priscilla
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Buy your next revenue stream instead of building it.
Buying an existing business has many advantages over building a business from scratch. An established business can pay for itself and be a profitable investment.
Whether you are ready to invest in purchasing a profitable business opportunity, investment property or commercial property, Priscilla would love to connect.
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1. Contact Priscilla Nevarez
Priscilla will help you determine which businesses offer the greatest financial return and work with you through every step of the buying process.
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2. Make an offer
Once an agreement has been reached, Priscilla will guide you through the details of finalizing a sale including negotiations, financing, due diligence, escrow and closing the purchase.
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3. Close the deal
Certain steps must be taken before, during and immediately after the deal has closed to ensure a successful transition. Priscilla will assist you in navigating the practical, legal, and financial items that need to be addressed when purchasing a business.
FAQs
Why should I purchase an established business?
Buying an established business has significant advantages over a start-up. Some of the many reasons that buyers chose to purchase an established business include:
- Return on investment within the first years.
- Immediate cash flow.
- Trained employees.
- Established credit history and relationships with vendors.
- Established customer base and reputation.
What are the funding options to finance a business purchase?
Funding options can vary depending on the type of business.
Many buyers pay cash for the business they are purchasing. When cash is not available, there are funding options available and can vary depending on the type of business. These can include traditional bank loans, SBA loans, home equity line of credit (HELOC), cashing out a retirement account, borrowing from family/friends and seller financing.
Priscilla will guide you through the necessary steps to get pre-qualified for financing. Through her trusted network of lenders, she can connect you with the right resource to get the funding you need.
What are the steps to buying an established business?
The sale of an on-going business is confidential for both the seller and the prospective buyer. To ensure confidentiality for all parties, a Non-Disclosure Agreement (NDA) is required to be signed.
- The first step is to set up an initial consultation with Priscilla to understand your criteria, budget, financing and timeline for purchasing your new business.
- After understanding your needs and goals, Priscilla will begin searching for profitable businesses that meet your criteria and present those to you.
- Once you have found the business that fits your criteria, it is time to make an offer to purchase. It is important to remember that this stage may involve some negotiations to ensure that both parties reach a mutual agreement.
- Your written offer will contain contingencies to ensure that you are able to verify the information about the business, as provided by the business owner, is correct and accurate. Due diligence is, in almost all sales, a condition of the buyer’s offer.
- After the due diligence is complete, the contingencies are removed, escrow will be opened and Priscilla will guide you in applying for all the necessary licenses, permits, financing, lease assignments and perform any inspections or items required prior closing the actual purchase transaction.
- Priscilla will guide you through and arrange the final details to close the sale which includes final signatures on all closing papers, final inventory counts, walkthrough and final transfer of business to you, the new buyer.
How will I be able to ensure that the information provided about the business is accurate?
The deal is subject to certain contingencies when making an offer.
The most important one is due diligence. As a buyer, you will have the opportunity to conduct your own due diligence which should cover several aspects of the prospective business including financial documents, legal issues, operations, employee relations, assets, products and customer data.