Article Index 1. Use Appropriate Marketing Strategies 4. A big advantage in buying an ongoing business is that you, as the new owner, have an immediate cash flow and an established customer base. We assist you in obtaining financing.
Banks are reluctant to finance business purchases for several reasons.
First, all small businesses attempt to minimize profits shown on financial statements to reduce tax liability. Also, a bank cannot manage a business if foreclosure becomes necessary. Therefore, over ninety percent of business purchases are financed by the owners, which demonstrates their confidence in the business. Confidentiality Unlike the sale of real estate or franchises, the sale of an ongoing business is very confidential for both the seller and the prospective buyer. All inquiries are held in strict confidence.