BUYING
Owning a business is a completely attainable achievement in this day and age. The SBA lending programs have never been more accessible, and many successful business owners are looking towards retirement.
Those considering buying an existing business often feel that the skills they have acquired over the years as partners, managers, or employees can easily translate into operating their own business, building something they truly believe in.
Current business owners, who have been running successful businesses find that they want to expand, diversify, or try something new.
In all cases, buyers benefit from having a professional intermediary helping them along the way. Business brokers provide expertise throughout all stages of a business acquisition. From analyzing value, to providing the proper legal documents and making appropriate financial recommendations, New Mexico Business Brokers is trusted to advise buyers, placing them in the best possible position to begin operating a new business.
WHAT WE HELP WITH AS YOU CONSIDER BUYING A BUSINESS:
one
What is the financial picture? Is the business sustainable for a new owner?
two
Financing options (SBA, investors, seller, retirement investment plans.)
three
Prepare for due diligence after the offer is accepted. Brokers will provide a list suggested topics to investigate
four
Know the professionals you need around you to provide for a smooth transaction
five
Have a plan if there are employees involved
six
Plan the transition with training from the current owner if desired.
seven
Have a business plan. Project your growth
eight
The broker will mediate interviews between you and the Seller