Buying a Business

Buy a Business Online or Start Your Own?

Saturday, 07 April 2012 Andy Anderson

At some point or another, almost everyone experiences some type of career burnout.  Either you are in the wrong career and it’s wearing you down or you need more time to enjoy your family, but you may have been bitten by the “entrepreneurial bug.”  Before you go out and buy a business online or try to start one yourself, there is a lot to be learned about business ownership.

How to Find Businesses for Sale by State

Sunday, 25 March 2012 Andy Anderson

It used to be that if you wanted to find businesses for sale by state you would need to search through the newspaper classified sections in a local library.  Thankfully, today’s entrepreneurs can rely on Internet business directories that list businesses “for sale by owner.”  Now, in addition to finding out about existing businesses for sale by industry, one can search by zip code, city or state.  If you’ve never searched for a business this way, the first experience with it might be overwhelming.  Most prospective buyers are amazed at the number of listings in their area.

Buying a Business FSBO? Proceed with Caution

Wednesday, 14 March 2012 Andy Anderson

If you’re considering a business acquisition, it makes sense to look at a business FSBO directory, but it also makes sense to take the proper precautions.  As you might expect, some of the listings in these directories seem too good to be true, but that is because the seller wants to attract a lot of potential buyers.  Oftentimes, it is only after thoroughly investigating the financial statements and interviewing the owner can you feel comfortable proceeding with the purchase.  But even then you might be missing some information.

FSBO Business Opportunities – The Pros and Cons

Sunday, 08 January 2012 Andy Anderson

Just like in the real estate business, it would seem that FSBO business opportunities would be preferable to working with an agent or broker. In reality, FSBO opportunities only work well in situations where the buyer is already familiar with the industry, the business and financing.  For example, if you owned a few dry cleaning shops already, and wanted to expand and buy another one, then it would make sense to look for FSBO opportunities.  First of all; they’re likely to have a lower purchase price than those being sold by a broker, and secondly the transaction may go a lot faster.

Buying a Business with No Money – Is it Possible?

Thursday, 11 August 2011 Andy Anderson

If you were born with that “entrepreneurial spark” in your eye, then no economist or banker is going to keep you from starting a business.  While many analysts may say that it’s not a good time to become a business owner, others have found that buying a business with no money is suddenly a possibility.  You may be wondering how that’s even possible at a time when credit is so hard to come by, but several articles have been written about exactly this topic. 

Seller-assisted financing is only a part of the equation.  If it were that easy, everyone would be doing it, but it is possible to by a decent business with a combination of seller-assisted financing and a bank loan.  If the business makes sense and it’s big enough to warrant full financing, it is possible to get in without spending a dime of your own money.  With lending rates at historic lows, there has never been a better time to finance a business. 

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