Buy a Business or Buy a Job?

Buy a Business or Buy a Job?

Not everyone has the same goals when buying a business. In fact, many are quite happy to buy themselves a job. If we see total owner benefit (owner’s salary + discretionary earnings) of $75-100k and a workload of 40-60 hours per week, you will indeed be your own boss,...
Last Minute Jitters before Closing the Sale

Last Minute Jitters before Closing the Sale

It’s late at night, you can’t sleep, and you’re hearing negative thoughts.  You’re only weeks away from officially buying a new business, and questions like: Should I do this? (perhaps you’ve got a great and secure job) What if I lose everything? (you’ve spent many...
Key Questions to Ask Any Seller

Key Questions to Ask Any Seller

As brokers, we don’t often have to prompt buyers with questions to ask sellers.  They often come with their own lists, developed from curiosity and perhaps articles like these.  While each broker has different questions they like to ask sellers, there are a few that...
Three Things Buyers Need to Make a Great Start

Three Things Buyers Need to Make a Great Start

Buyers have different reasons for buying businesses and even more varied ways they wish to operate them once they take over. In this article, we won’t be discussing those businesses that will be near 100% absentee or will require a complete tear-down and reboot. ...
Why Buy a Franchise?

Why Buy a Franchise?

In a previous article, we’ve made the case for buying instead of building. However, you may be interested in buying a business run by a franchisee who has multiple locations in place. Every franchise is different as to what they expect from someone who is buying from...