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I have less then 6 months to sell, move or close 10 year business. How do I get local interest?

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Biz2Credit LLC
New York County, NY

Donna,

Offer the buyer the facility of arranging for acquistion financing. We at Biz2Credit (www.biz2credit.com) have over 100 lenders offering 150 plus products. Register for free and take the case manager support to walk your buyer through the loan process.

Jul 20, 2010
Kathryne Pusch
ConsultKAP Inc./Business Brokers Network
GA

Hire a professional business broker. This is your best bet. If possible, get one who is referred to you by others you trust. If this is not possible, check a credible sources like the BBB or the state professional association of business brokers. Then, listen to the pro's advice, even if you are not thrilled with what you are hearing.
Best of luck in your project.
KAP

Jul 19, 2010
Dale Pearson
Texas Business Trader
Bexar County, TX

Depends on the business. Product? Service? Both? Massive local exposure is possible through many avenues. However, most of our buyers (and the best buyers) become buyers because of our strategic marketing, positioning and sales ability. Time is of the essence, go above and beyond traditional means - give us a call, thanks for the good question.

Jul 17, 2010
Joseph DiBello
Vested Business Brokers
Career Development Officer/Broker
Suffolk County, NY

Vested Business Brokers' Basic Steps to Buy a Business...Joe DiBello 508-965-8848
Initial Consultation-Learn about how Vested's processes work to help you buyor sell a business
You will want to have a one-on-one consultation via phone with a Vested Business Broker consultant, Joseph Di Bello (jdibello@vestedbb.com) to discuss all of your questions and concerns regarding the processes involved for Vested to help you buy the right business for sale. Joseph is trained to help you with your business concerns as well as your personal concerns. We realize that you are making both a financial and lifestyle decision, and the more we understand your needs, the better we will be able to help you buy the right business for sale. We can also assist you in locating affordable funding for your business purchase.
FREE Buyer Registration-View confidential information about a business for sale
Once all of your concerns have been addressed and you have decided to proceed to use Vested in your quest to buy a business, your Vested Business Broker will help you to register as a business buyer at no charge. This is so you can view all the confidential financial information that you will ultimately need to see in order to feel comfortable when you buy a business.
You will need to either sign a one page confidentiality agreement also referred to as (NDA) non disclosure agreement electronically, or if you prefer, you can fax in the agreement (877-735-7505). In the agreement you promise not to disclose to anyone else any confidential information we may show you about any Vested listed business for sale.
Buyer Profile-Automation that helps you buy a business
Your Vested Business Broker will work with you to create your "buyer profile." This process helps make your search to buy a business more successful. Vested Business Brokers bring in new business for sale listings every day and your completed buyer profile will help our database to automatically flag any new listing that may be a good fit for you. When this happens, both you and your business broker are notified that there is a new small business for sale that you should take a look at.
Viewing Listings-Start online and then request an address of a business for sale
After you and your broker complete your buyer profile and enter it into the system, you can review each business for sale that the system recommends online. We also encourage you to browse through our listings of businesses for sale because often a registered business buyer believes he or she wants to buy a business of one type but ends up buying a business of another type that they simply just didn't think of.
Whenever you have looked in the database at a business for sale that you think may be a good fit, your Vested professional will provide you with the address of the listing so you can do a "drive by." If you prefer, your business broker will go along with you to take a look at the business for sale and address any questions about it that you may have.
Offer To Purchase-Making an offer on a business for sale
If a business for sale seems to be a fit and you have had a chance to think about making an offer (sometimes you may have to make several visits to the business to be certain), your broker will help you fill out a Letter of Intent. The LOI details the price and terms at which you would like to purchase the business for sale and sets the timeframe for due diligence (see below). Here your broker's experience will help you structure and make your best offer.
Due Diligence-Verifying the financials of a business for sale
Once your offer has been accepted, you will conduct a period of research on the business called due diligence. Basically, the process of due diligence takes place over a set period of time where you work with the seller to verify the financials of the business for sale as well as learn the inner workings of the business. Due diligence typically takes two weeks. A buyer should always bring in an attorney and accountant to help during this phase of the purchase. Your broker will be available to assist you during the due diligence process in every way.
Contract & Closing-Your dream to buy a business becomes reality
Following a successful due diligence period in which all of your concerns have been addressed, a contract will be drawn up between you and the seller. Typically, this is done by the attorneys on both sides of the deal. If the contract satisfies all the contingencies you have set forth, you and the seller can sign it and set a closing date. At closing, the business will officially change hands and you will have realized your dream to buy a business. Vested Business Brokers are available for you every step of the way to ensure that you are making informed decisions.
Call
Joseph Di Bello 508-965-8848

Jul 17, 2010
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what state are you located in?

Jul 17, 2010
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The BAF Group LLC
MD

Contact a reputable Business Broker, immediately. Ask other Business Owners for referrals. If you need to move, and that is your preference, contact a reputable COMMERCIAL Real Estate Brokerage.

Jul 16, 2010

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