• 15 Reasons Why You Should Buy a Franchise

    December 15, 2010

    All seasoned franchises have a solid customer base. The product they sell are already recognised by customers and respected as a brand. The franchise has spent often, millions in marketing. You will hop on to the bandwagon. The alternative is you start your own business and do it all yourself with all the risk involved.    […]

  • How to buy a business without a broker

    March 1, 2010

    Firstly, ask yourself if you are prepared to do the hours of the business you are thinking about buying. For instance:   a coffee shop/snack bar. Sounds like fun. You and the Mrs could easily give up both of your jobs and run a small shop. Many small coffee shops will make a nice net profit […]

  • Due Diligence – in depth

    February 1, 2010

    Due diligence is the investigation you go through to analyse a business. That is, it will, once purchased, give you the return on your capital, you expect.   If you are doing your own due diligence, you will need the assistance of a CPA and a lawyer. If you have not owned a business of […]

  • Why Use A Broker?

    January 1, 2010

    Why use a broker to facilitate the selling of your property or business? An often-asked question. Or it should be… A broker is a qualified professional familiar with the market you are looking into. To invest you’re hard earned savings. A broker is a skilled negotiator. They know the laws relating to the safe transfer […]

  • 50 Questions You Must Ask When Buying a Business

    April 3, 2011

      The first and most important question is always “why are you selling the business?” Get the wrong answer you walk away.  Of course, if you don’t already know, ask the selling Price. The location of the business. The old maxim says “Position Position Position” How long has the owner had the business? How many […]

  • Forget the Asking Price – Negotiate

    August 1, 2011

    When you see a ‘business for sale’, usually it has an asking price. Sometimes you will notice the asking price says ‘ask the seller’. This means exactly what it says. The seller may say that because he does not want his staff, his competitors or even his wife to know the selling price. It’s his right to […]

  • Franchising: Do’s and Don’t

    April 1, 2012

    If you are considering purchasing a franchise, be aware there are successful franchises, which are very popular and there are the run of the mill franchises. Both can be worth buying as a future for yourself and your family. The popular franchises are the most successful. They also are the most expensive to get into. […]

  • Should You buy a business in a downturn ?

    October 1, 2009

    The US economy has been very patchy lately. Many small to medium businesses have been on hard times since 2008.. Consider this: During boom times businesses are mostly all doing well. Businesses for sale are selling at a premium price. It’s a good time to buy a business, but only if you have loads of […]

  • Where to use Debt

    July 1, 2011

    Some would say debt is the greatest invention as an adjunct to capitalism and the free market system since money was invented. Many would agree with that statement, but having too much of debt could be bad for you.  Use it wisely and it will serve you well. Abuse it and you could become its […]

  • Non-Disclosure Agreement Example

    December 17, 2009

    The usual process in buying a business is for the seller to provide confidential information. Therefore it is important to the seller that this information not be made available to competitors. When a broker is involved in the transaction this is the type of confidentiality agreement they will present to the buyer.   Non-Disclosure Agreement BUSINESS […]

  • Listing Agreement Example

    All brokers will ask a seller to sign a listing agreement. Here is an example of a typical agreement.   LISTING AGREEMENT FOR SOLE AND EXCLUSIVE RIGHT TO SELL SELLER identified below (SELLER) hereby engages BROKER identified below BROKER) the SOLE AND EXCLUSIVE RIGHT, to broker the sale, lease, trade or other disposition of all […]

  • Offer To Purchase Example

    December 18, 2009

    When entering into an agreement to purchase a business a broker will likely offer a buyer this type of document to sign when an offer is made and a deposit is taken.   THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE BEFORE SIGNING. Business: __________________________________________ Date: ________ I hereby offer to […]