Archive for the ‘Articles on Buying Selling A Business’ Category
JoAnn Lombardi – Deciding to Position Your Business for Sale
Deciding to Position Your Business for Sale
By JoAnn Lombardi, Pres. VR Business Brokers
When a business owner decides that the time is right to sell the business, regardless of the reason (burnout, retirement, new aspirations), it is imperative to do so the right way so the optimal sales price can be obtained.
As a business owner, it is easy to have concerns when contemplating whether to sell your business; especially when you start to see that the process of selling your business doesn’t give that flexibility that you need to make the best deal.
It’s important to start planning early on toward the time when you decide to sell your business.
You want to look at building long-term value, not only making a profit in the short term.
Read full article here Deciding to Position Your Business for Sale
Contact VR at 1.800.377.8722 for assistance toward planning to sell your business.
JoAnn Lombardi – Preparing an Offer For Buying A Business
Preparing an Offer as a Business Buyer
By JoAnn Lombardi, President VR Business Brokers
Attention to detail is important with every aspect of the business that is for sale.
As a buyer, you will have to perform your due diligence before an agreement is drafted and signed by you and the seller.
Some of the key aspects to consider are:
- Outlining all the positives and negatives to the deal;
- Resolving the challenges that are preventing negotiations from moving forward;
- Find the middle ground where both you and the seller can come to terms;
- Present and have signed the purchase agreement.
Read full article here Preparing an Offer as a Business Buyer
In buying a business, our skilled VR Business Intermediaries can help toward finding a business that matches your qualifications and interests, as well as informing you on what the Seller expects from you as a Buyer.
You can contact our VR Headquarters at 1.800.377.8722
For information about owning a VR Franchise you can view VR Franchise Presentation Videos & PDF.
JoAnn Lombardi – Following the Correct Path to Selling a Business
Following the Correct Path to Selling a Business
By JoAnn Lombardi, President VR Business Brokers
The time always comes when you decide to sell your business. You may have not thought about it when you were looking to buy, but this situation happens all the time: the once-in-a-lifetime opportunity becomes a financial and psychological albatross that you seek to have someone else take over.
… not all businesses are sold as a result of being financially in the doldrums. There are personal reasons such as illness, death or impending retirement of the owner.
If an owner reaches the point that it’s time to “pass the torch,” the sense of urgency to sell will hit like a tidal wave. If the buyer senses this, the offering price will drop and the terms will become more difficult to negotiate even if the business is in solid condition.
If you’ve decided to sell your business, we here at VR can help you accomplish this.
Do not even attempt to consult someone that is not experienced in selling businesses …
This is why you need to go through one of our VR business intermediaries. We will guide you through the process from start to finish without any confusion or apprehension.
Read full article here Following the Correct Path to Selling a Business
For direct assistance in selling your business you can contact our VR Headquarters at 1.800.377.8722 and we will direct you to one of our experienced Intermediaries in your area.
JoAnn Lombardi – Planning when Buying a Business
Importance of Planning when Buying a Business
By JoAnn Lombardi
VR advises to develop a business plan that can help ensure that you know what your goals are and how to achieve them. In essence, a business plan is a road map that helps you focus on the most important points.
Here are some points to consider:
Examining Your Objectives …
Evaluating Strengths and Weaknesses
- Marketing and Sales – Research distribution channels and pricing strategies;
- Manufacturing – Analyze product costs such as raw materials, labor and overhead, availability of materials, operational forecasts and condition and capacity of manufacturing facilities;
- Business’ Financial Position – Estimate the company’s future working capital and capital investment requirements, current talent and expertise and transferability of skills.
Neglecting the Business Plan can Result in Failure …
Read the full article at The Importance of Planning when Buying a Business
Information on Owning a VR Business Sales Franchise – Videos & PDF Presentation
JoAnn Lombardi – Letter of Intent to Sell Your Business
Importance of the Letter of Intent to Sell Your Business
By JoAnn Lombardi
It’s very important to draft a written understanding of what both the seller and buyer think they have preliminarily agreed to.
It is important to use a letter of intent whether you’re the buyer or seller because both parties need to be able to reduce to writing the basis on which due diligence belongs to the buyer and seller.
Sellers should focus first on the business terms of the sale and then focus on the representation, warranties and indemnification expectations of the buyer.
The key is in the details.
Read full article Importance of the Letter of Intent to Sell Your Business
Contact VR with question about buying or selling a business at 1.800.377.8722
JoAnn Lombardi – 7 Questions When Buying a Business
Asking Yourself the 7 Questions When Looking to Buy a Business
By JoAnn Lombardi
Read full article here 7 Questions When Looking to Buy a Business
Call VR Business Brokers for questions or assistance in Buying a Business at 1-800-377-8722
JoAnn Lombardi article on Choosing the Right Business as a Buyer
Choosing the Right Business for You as a Buyer
By JoAnn Lombardi, Pres. VR Business Brokers
When you are looking to buy a business, it is important to find the right business first before worrying about the right price.
How do you know which is the right business for you to buy? A good place to start is by speaking with a VR business intermediary that will lead you down the right path, based on your interests and needs.
- Does it feel right to you?
- Can you see yourself coming to this business every day for the next few years?
Your offer is based upon what you believe the business is worth to buy, which includes a down payment and terms of the payment agreement.
Read full article here Choosing the Right Business for You as a Buyer
For assistance in choosing the best business for you please contact one of our experienced VR Business Intermediaries at VR Offices Locations
For more information about owning a VR Business Sales Franchise visit VR Franchise Webinar Videos
