We have put together a guide to help you plan and evaluate your future when it involves buying a business. We’ve been there, we’ve done it! We want you to have the smoothest transaction possible.
Buying The Right Business
Whether you’re buying a business for the first time or you’re an experienced business owner looking to expand your portfolio or buy out a competitor, it’s normal to have questions about the business buying process. Gateway Business Brokers is here to answer them.
Our talented team of professionals utilizes a proven, step-by-step process designed to facilitate your business purchase. We start by providing the information and tools you need to determine whether or not business ownership is right for you and the type of ownership goals you have in mind. Next, we guide you through choosing the type of business that reflects who you are, what you do best and offers the greatest opportunity for success. Finally, we facilitate your purchase of that business and make sure you have access to the legal, tax, financial and other experts who will help you create long-term profitability.
Why Buy An Existing Business?
When it comes to building a successful business, many entrepreneurs opt to purchase an existing business—and there are a variety of excellent reasons to do so. Not only does it mean you can see how your new venture is performing prior to buying it, you also eliminate many of the risks associated with start-ups.
There are numerous advantages to buying an existing small- or medium-sized business, including:
- Immediate Cash Flow
- Experienced Employees
- Seller Training
- Business Operating Systems
- Established Customer Base and Referral Business
- Established Suppliers and Credit
- Greater Ease Accessing Financing
- Possible Seller Financing
Making The Right Connections
You may have heard the saying “It’s not what you know, it’s who you know.” When it comes to buying a business, Gateway Business Brokers believes your success hinges on both. Our research indicates that 70% or more of business sales within North America occur without those businesses ever being advertised. That’s why we have developed a proven, strategic process to assist buyers in determining the type of business they want to purchase and connect them with those cautious business owners who are willing to sell to the “right” person.
Gateway Business Brokers’ discrete approach and powerful network has worked time and time throughout a variety of industries, resulting in happy buyers and sellers who are both looking forward to their new endeavours.
If you’re thinking about buying a business, please contact us today for more information and to hear how we have helped many achieve their dreams of business ownership. I’m sure there are many satisfied business owners we could connect you with who’d be happy to share their story too!