Buy a Business befitting to you
Starting a business from scratch is difficult, and it can take years to establish it and generate consistent revenue. Buying an existing business, however, can save you a lot of that heartache. With an established customer base, proven revenue streams, and a recognized brand, you’re already positioned for success from day one. Plus, you’ll avoid the trial and error phase, stepping into a business with operations in place and a clear path to growth. Let us help you find the right business opportunity that aligns with your goals and sets you up for a smoother, quicker road to profitability.
Advantages of Buying
an Existing Business
- Immediate cash flow
- Trained employees
- Established suppliers & credit
- Established customers & referral business
- Existing Licenses & Permits
- Training by the Seller
- Availability of Owner Financing
- Actual results rather than Pro Forma
Sunbelt Business Brokers of Phoenix has inventory of businesses ready for sale. If you are interested, you can take a look at those businesses below.
10-Steps to Owning Your Own Business Today
If you are an interested Buyer ready to purchase an existing business, you’re about to embark on an exciting journey. Owning a business is a significant commitment, but with the right guidance, it can be an incredibly rewarding venture. Our proven 10-step process is designed to make buying a business straightforward and transparent, ensuring you understand every phase, from initial interest to final ownership.
The journey begins with a personalized consultation with Justin Turner. During this session, we’ll take the time to analyze your skills, interests, and financial needs to ensure that the businesses we explore are the right fit for your lifestyle and professional goals.
With a broad portfolio of businesses to choose from, we’ll present you with options that align with your preferences and requirements. Our wide selection ensures that you’ll find the business opportunity that best suits your aspirations and investment level.
Ensure you understand the potential of the business you are looking at. Are there new product or service lines they could launch that past customers have been begging for? Could a few new pieces of equipment open up new offerings? Would the addition of a killer salesperson help close more deals? Whatever it may be, make sure you understand the growth potential available to you.
After narrowing down your options, you’ll have the opportunity to tour selected businesses. These tours will allow you to meet with the sellers, observe operations firsthand, and get a feel for the business potential and overall environment.
After visiting businesses of interest, we will reconvene to discuss your likes, dislikes, concerns, and any follow up questions you may have.
In this critical step, you’ll meet with both the seller and the broker, either in person or via conference call. This gives you the chance to ask in-depth questions, clarify any uncertainties, and further assess whether the business is the right match for you.
The offer shall include Earnest Money, which is generally 5% of the purchase price. This will be held by an escrow company, and contingencies & conditions may apply.
The due diligence process allows you to thoroughly inspect the business. You’ll review the financial records provided by the seller, examine furniture, fixtures, and equipment, and remove any contingencies before approving the Authorization to Close.
To finalize the process, an additional deposit is made to open escrow, generally around 50% of the total down payment, minus the earnest money. Both buyer and seller typically share the closing costs, which range between $500 and $1,500. We’ll ensure that all documents are thoroughly reviewed, and any necessary searches are conducted to secure a smooth closing.
CONGRATULATIONS, you are now a business owner!
Primary Goals of a
Business Acquisition
When acquiring a business, the key goals go beyond simply taking ownership. The primary objective is to secure a profitable venture that aligns with your long-term vision and provides growth potential. Achieving a seamless transition of operations is crucial to maintaining existing revenue streams and preserving relationships with clients and employees.
Align with Long-Term Vision
Ensure the business acquisition supports your goals and future growth plans.
Profitability & Growth Potential
Acquire a business that is already profitable and primed for expansion.
Seamless Operational Transition
Maintain existing revenue streams and preserve key relationships during the handover.
Maximize ROI
Secure a return on investment by acquiring a business with a solid market presence.
Mitigate Risks
Conduct thorough due diligence to safeguard your investment and ensure success.
Sustainable Expansion
Lay the groundwork for long-term success and future business growth through strategic acquisition.