BUY A BUSINESS

Looking to buy a business? Whatever your reason may be, the Business Brokers of Arizona are here to help! Our professional team of brokers are experts in finding ideal investments with guaranteed success. We will help you find the perfect investment with our hassle-free and successful methods.

There’s so much to consider when buying a business. That’s why it’s important to work with professionals who know the industry. Business Brokers of Arizona will help you find what you’re looking for and make sure it’s a quality transaction. Schedule an appointment with us today. We’ll meet with you to understand what your needs and interests are, as well as the budget you’re working with. We’ll introduce you to businesses for sale and find the best choice for you.

Our experienced brokers will be with you every step of the way. We will manage the sale and represent you throughout the entire process.  Once you find a promising business, we’ll facilitate a meeting between you and the seller. If all goes well and you make an offer, we’ll walk you through the due diligence process, where you can check out the business’s financials and operations to make sure it’s a smart investment. When all the finances are settled and the transaction is closed, you’ll be a business owner! You’re guaranteed to find the perfect business for your life and career goals.

WHY CONSIDER BUYING AN EXISTING BUSINESS

When you buy an existing business, you take over an operation that's already generating cash flow and profits. You have an established customer base, reputation, and employees who are familiar with all aspects of the business. You don't have to reinvent the wheel, setting up new procedures, systems, and policies. A successful formula for running the business has already been put in place and you can either manage that business or employ a leadership team to run the operations while you pursue other endeavors.

HOW SHOULD I PREPARE TO BUY A BUSINESS? 

  • Know how much money you are working with. Some business owners will offer terms which means you can leverage the money you have to buy a larger business which will likely bring in a greater income. Be honest with your business broker so they can find a good fit for you. Keep in mind that it’s okay to receive money from a relative to help buy a business. Be prepared to provide proof of funds. Many sellers won't disclose confidential details without knowing you are able to complete a transaction by seeing your proof of funds.

  • Have an open mind when looking at businesses to buy. There are so many different types of businesses for sale that you may not even be aware of. Your business broker will likely introduce you to businesses for sale in industries you have not previously considered. 

  • Be prepared to sign a confidentiality agreement commonly referred to as a Non-Disclosure Agreement or NDA. The NDA protects the seller against buyers who start a competing business by leveraging confidential information. Business brokers are required by sellers to have this agreement signed before providing intimate details about the business for sale.

WHAT CAN I EXPECT IN THE BUYING PROCESS? 

  • Once you have made the excellent decision to partner with Business Brokers of Arizona to buy a business, you’ll need to schedule an appointment to meet with a BBAZ broker. They’ll ask you a series of questions to help them better understand what kinds of businesses to present. 

  • Once you determine you have an interest in a particular business, your broker will arrange a meeting with the seller for you to view the business (often before or after the business's hours of operation) and discuss the business further directly with the seller.

  • After your meeting with the seller, your business broker will likely ask you if you would like to proceed to the next step in purchasing the business. Writing an offer to purchase a business is not as difficult as you may think when you are working with a BBAZ business broker. Our experts utilize the most comprehensive agreements  in the industry to present your offer. BBAZ agreements were designed to protect ALL the parties involved in the transaction. You will be asked to give an Earnest Money Deposit (a.k.a. EMD) to move into due diligence.Your BBAZ business broker will then present your offer to the seller. If the seller accepts your offer then you will move into the due diligence phase where you will have a chance to thoroughly review the items you requested, which will likely include financial, legal, and operational information. 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 EMD money back or renegotiate the offer price.

  • 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 that will take you to the final step of the process which is a final Purchase Contract and then closing/business transfer. 

  • A third party entity (escrow/title company or transactional attorney) will prepare the final transfer documents and obtain clearances for taxes etc.. Congratulations, you just bought a business!