Buy a Business
thinking of buying a business?
Business Brokers of America is committed to helping you navigate the process of buying a business with confidence. Let us be your trusted partner on the journey to entrepreneurship.
Our Exceptional Brokerage Services
At BBA, we offer unparalleled brokerage services tailored to help you find and acquire the business opportunity that meets your goals. Our team combines expertise and industry knowledge to guide you through the process of buying a business. Trust us to make your buying experience rewarding and successful.
Finding Your Ideal Business
Buying a business is a significant investment and major decision. Let BBA show you how to navigate the process of purchasing a business. With our personalized approach and dedication to client satisfaction, we will work tirelessly to match you with a business that aligns with your goals and aspirations.
Steps to buying a business
- Determine your commitment to buying a business
- Contact BBA to set an appointment and discuss the type of business you desire to own.
- Know how much money you have to work with and be prepared to submit proof of funds.
- Sign a confidentiality agreement known as a Non Disclosure Agreement (''NDA''). At BBA, we will not engage in disclosing details of a Seller's business without an executed NDA.
- Once a business for sale that matches the buyers interests is determined, a BBA Professional will arrange a meeting or conference call between the parties.
- Prospective buyer will review financial statements and company records and possibly request additional information.
- If you feel comfortable with the information you have reviewed, you may proceed with making an offer on the business or let your business broker know that you will not be making an offer. BBA can assist you in making an offer by utilizing our purchase agreement designed to protect all parties involved in the transaction. The purchase agreement will cover a broad spectrum of considerations. An earnest money deposit (10°/o or $10,000, whichever is greater) will be required if the offer is accepted by the seller. The earnest money check will be deposited by the third party closing entity (escrow company or closing attorney). Once an offer has been accepted, buyer may request additional information be produced through what is know as the ''due diligence'' phase.
- During the due diligence phase, buyer will thoroughly review items listed in the purchase agreement. If you do not approve of the information provided during the due diligence period, you have the right to withdraw from the transaction and receive your Earnest Money Deposit back.
- Once your contingencies have been met and you have approved the due diligence items provided to you by the Seller, you will be asked to sign a release which will take you to the final step of the process which is closing/business transfer.
- A third party entity (escrow company or closing attorney) will prepare the final transfer documents to transfer ownership from the seller to the buyer.
*Disclaimer: Please consult with your own attorney and tax advisor regarding the sale or purchase of a business and any associated documents.
Advantages of Buying an Existing Business
You are taking over a business that's already up and running, so you know that it works. All of the pieces are already in place - location, staff, and you can start making money faster. AND, it's a safer bet for many people. When you buy an existing business, you receive advantages such as:
- Proven Success
- Established Customer Base
- Easier to Obtain Financing
- Turnkey Processes and Procedures
- A Recognizable Entity
- An Already Profitable Business
Why Choose Us
Choose Business Brokers of America as your partner in buying a business and experience the difference of working with a professional business broker. Our commitment to excellence and unwavering integrity make us the trusted choice for your business acquisition needs. Let us help you realize your vision of business ownership
The Benefits of Experienced Transactional Guidance
Business Brokers wear many different hats through the process of a business transition. We assist buyers in identifying an appropriate business that meets their interests, income requirements, skill sets, and available cash or financing. For sellers, we guide them through the process of positioning their business for sale and taking the steps necessary to sell their business. The processes take place all while keeping the entire transaction confidential.
This isn't always an easy task: however, your BBA Broker knows how to navigate these waters. All of the steps involved in buying or selling a business can create some rough waters if not carefully and skillfully navigated. The business broker does not take this course alone. They are often aligned with a skilled network of professionals that may include escrow closing agents and/or closing attorneys, industry-specific lenders, contract attorneys, appraisers, insurance companies, and much more. Following a clear path to a smooth closing is only possible when working with a skilled business broker who truly cares about your goals. Whether you are a buyer or a seller, you will benefit from experienced transactional guidance.
Ready to take the next step in buying a business?
Look no further than Business Brokers of America, your premier destination for top-notch brokerage services. Partner with us today and embark on a journey to find the ideal business opportunity that fits your unique needs and goals.