What to know before buying a business

What to know before buying a business with Murphy Business.

For many people buying an existing business is a better than starting one from scratch. Statistics are favorable for businesses with a history of success. Much of the work has been completed such as establishing a customer base, hiring employees, negotiating a lease and more importantly, an established entity with positive cash flow. Before you get too involved in searching for a business, you’ll want to make sure you’re using your time productively by implementing criteria for your search. Here are some tips on what to know before buying a business.

What Type of Business Should You Buy?

Choose a business that you’re excited about. It’s easier to succeed in business when you enjoy the work you’re doing. The Buyer Qualification Profile is a very simple questionnaire that takes 15 minutes to complete and will give you accurate and beneficial guidelines for your search.

Finding a Business to Buy

Murphy Business guarantees you that we adhere to the highest professional standards when helping you buy a business. Our networks enable us to provide you with access to the broadest number of qualified, potential sellers – some not marketed publicly, clearly something you just can’t get with many local, neighborhood business sales firms. Instead of having access to your own local market, we expose you to worldwide opportunities that could be duplicated in your targeted market.

When you work with Chris Kerth and Murphy Business we use the same care in helping match you to the appropriate business for sale that we would if we were buying it for ourselves. We have been successful business owners before becoming a Murphy Business Intermediary. We have a process that insures the purchase of the right business and assists in every step of the way. The more we know about you, the better reassurance we have in finding the best suitable business for sale that meets your needs. Helping you find the right business is only the first step in a business acquisition. We’ll be with you to guide and assist throughout the entire process of buying a business, including negotiations, financing, due diligence and ensuring the proper legal documentation at closing for clear title and elimination of liabilities.

Am I paying a fair price?

No buyer wants to overpay for their business. We have a business valuation to fit your needs. All Murphy company valuation services are performed by qualified, professional experienced in all aspects of business valuation and business transfers. Our valuations are performed in compliance with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation (USPAP) as well as the Business Appraisal Standards of the Institute of Business Appraisers.

We have a tool that helps us match buyers to their perfect business. Download the Confidential Buyer Qualification Profile, complete the profile and email your completed profile to us. We will then share the results with you.

Don’t leave one of the most important decisions you will make to change. Contact Chris Kerth to get a no obligation, free consultation to help in identifying and purchasing the right business.

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