Q: WHY SHOULD I USE A BUSINESS BROKER?
A: A professional business broker can assist in identifying opportunities that meet your criteria and offer access to businesses for sale that have been professionally reviewed. A broker will be able to help guide you through the complex process of buying a business, allowing you to focus on getting ready to run one.
Q: WHY SHOULD I BUY A BUSINESS RATHER THAN START ONE?
A: There are many good reasons to buy an established business. Purchasing an existing business can dramatically minimize the risks associated with starting a brand new business as successful businesses have a proven track record of profits. A business with a well-known name, location, product mix, knowledgeable employees, etc. enables you to focus on strategic planning rather than day-to-day minutiae.
Q: WHAT ARE THE STEPS INVOLVED IN BUYING A BUSINESS?
A: Buyers need to take an honest inventory of their skills, knowledge and interests.
Understand your financial situation and identify how much you are prepared to invest and your ideal profit. Your broker will seek out businesses that match your profile and assist in the negotiation and purchasing processes. When you find a business that fits your criteria, The Liberty Group of Nevada, Inc. will walk you through the process, from offer through escrow.
Q: WHAT HAPPENS WHEN I FIND A BUSINESS THAT I AM INTERESTED IN?
A: The broker will set up a meeting with the seller once you select a business in which you are interested, providing an opportunity to speak candidly with the seller and ask questions. The broker will help you draft an Offer to Purchase based on the price and terms you feel are appropriate and assist throughout the close of escrow. The legal language that makes up The Liberty Group of Nevada, Inc’s Offer to Purchase is thorough. It has been written and reviewed by transaction attorneys and contains many standard clauses that protect you as a buyer.