how to save money when buying a business

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Buying a Business

You Can Get a Great Deal

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Why TeachU

TeachU has made a lot of money for clients just like you.

By showing people how to do things better, solving problems and introducing new ideas, TeachU has built a loyal client base reaching back 30 years!




Buying a business

The easiest and quickest way to get into your own business is to buy an existing business.

That can also be a quick route to financial ruin.




Pitfalls of Buying a Business

There are dangers in buying a business:

• Pay too much

• Buy a failing business

• Discover liabilities

• Market shrinking




Pay Too Much

In nearly every case, people pay more for a business than they should.

It is very difficult to set a value on a business but with the help of an expert, you can get your best deal.




Avoid Risk

As a potential owner, you need to be very certain the financial statements are in perfect order and that you understand everything on them.

You could end up assuming a huge liability.




Is The Business Strong?

What if you’re told, “the owner is tired. With a new owner and fresh energy, this business will really take off.”

That means the business is in trouble. You can negotiate a lot better deal.




Is the Market Changing?

Don’t buy into an industry that is on the way out! This is a very common mistake.

Be careful that the industry is not being consolidated by larger players. It is hard to compete against huge players.




Consolidation

For example, owning a small grocery store 30 years ago meant owning a great business.

Today, with the advent of the super-store, the small market struggles to survive.

Lots of industries are consolidating.




Protect Your Money

What you pay for the business is cost. You should amortize that over a short time, say 10 years at 5%.

If you had to make those payments, would the business still be profitable? If not, invest your money at 5%!




Get Advice

When you are considering investing a lot of money, get expert advice.

You’d have a mechanic check out a used $15,000 car, why not get input on a $1 million business? It makes good sense.




Have Someone Do the Tough Stuff

Can you stand firm and say “no”?

Why not let a professional negotiate a better deal? Let someone who does not have an emotional investment work to save you money.




Reverse Commission

I work for you on reverse commission.

You pay a percentage of what you save. The percentage depends on the size of the deal but you only pay from the savings, not the sale amount! The lower the price, the better for both of us.




Before You Sign

Before you take that great deal, talk to me. I have an easy, secure video conference system.

We’ll talk about the business you want to buy. If it sounds good, I’ll go to work to lower your price.




Don’t Wait, Call

Call:

(530) 467-5690

Email:

[email protected]


