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Buying a Business
Buying a business: It's a brand new ball game
Unless you've bought or sold a business in the past, you'll find that buying a business can be a confusing and even trying experience for the unprepared. Even if you have experience in the corporate world of mergers and acquisitions (M&A), you will still find yourself on unfamiliar ground when buying a small company. That's why it's important for you to take the time to read this explanation of the process.
Getting Started: Questions and more questions
The search for business opportunities almost always starts with a telephone call or a visit to a web site like the one we host at Page Company Business Brokerage. Sometimes the prospective Buyer is a Corporation, Private Equity Group or a Private Investor who has a very definite idea of the type of business wanted. But, often the Buyer is a first time Buyer and is still in the formative or exploratory phase of the search. Many times a Buyer's first question is, "What kinds of businesses do you have?"
So the first and most important step is telling us about you. Be patient when we ask, "How many days per week are you comfortable working?" and "Do you like having employees?" and "How much cash do you have for a down payment?" and many other questions. We're not just being nosy: We're narrowing your search and saving you time and aggravation.