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where can first time business buyers get one-on-one help sorting thru the buying process?

I don't want any of those educational videos either - I mean real-time advice.

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Answers (6)
jim thomas

Football Web Site for Sale-12 Year Old
Google Rank of 4
please let me know if you have a client interested in this acquisition

This web site was established in 1998 and has grassroot marked in 20 countries over 100 cities across the USA and Canada. Its a fully developed sports web site for sale. Its the leader in the niche football market and is currently ranked # 1 according to google for the sport. Name Brand Recognition Internationally. The Web site is an easy seven letter.com domain with 20,000 unique visitors during football months, and 10,000 during non football months. This is a Turnkey operation and can be run from the home. Site has 50 products listed with dealer contract. Drop Ship With 30-50% markup

Facilities: Single word dot com domain. This is a 7-letter "product" domain. Sale includes fully functional website + all content and databases. Over 30,000 emails addresses, 2000 Fans on Facebook.
Competition-Several Small business who fail every 3-5 years.

Growth/Expansion: 12 million people play the sport, Its also promoted and sponsored by the NFL.
Industry sales are 5million for sport directly. International opportunity is large. . Revenue is small in the following categories and needs to be improved, Celebrity Events(Including Superbowl), Licensing, apparel, Membership, Advertising Sales ,eccomerce, Camps & Clinics.

Support/Training: This is a turnkey operation. Owner is willing to stay on and take percentage.
Reason Selling: 12 years of working alone, the business needs strategic partner to help capitalize on the brand name.

Asking Price-$99,000

please let me know if you have a client interested in this acquisition
Email me at JZcostarica@gmail.com

Jul 14, 2010
Harry & Sally Vaishnav
Angel Business Advisors
President
Oakland County, MI

I recommend you contact a business broker who can walk you through the process and help find businesses of your interest. Just be careful about using your analysis in addition to their recommendations. We run a pretty useful blog targeted to small business owners. Although we haven't written about buying process specifically you can find useful information at http://www.angelbusinessadvisors.com/blog

We can also help you with business plan writing and financial analysis of seller if you need such services.
Best Wishes.

Jun 23, 2010
Joseph DiBello
Vested Business Brokers
Career Development Officer/Broker
Suffolk County, NY

I would talk to Joe DiBello from Vested Business Brokers

Jun 23, 2010
Julie A. Barnes, CPA
Small Business Exchange, Inc.
Travis County, TX

Hello D.E.,

Both Jessica and RA have provided good advice. Regarding financing, however, it is highly unlikely that you could secure financing BEFORE you narrow your search. Unlike real estate loans that might receive pre-approval, business loans are case specific.

I encourage you to visit my blog: http://www.AustinBusinessesForSaleBlog.com - where I provide free, commonsensical advice about how to buy or evaluate a business. Also, please free to contact me at: 512.577.8003.

Thanks and Good Luck!
Julie A. Barnes, CPA
President, SBX, Inc.

Jun 23, 2010
Jessica Hadler Baines
American Business Group, LLC
President
Orange County, FL

Hi D E - I'd call around your local area for referrals to business brokers or consultants -- not to have them sell you a business but to consult and educate. A professional business broker will have an established hourly rate, often with a free 30-minute initial consultation.

I agree, videos and "systems" generally aren't the answer. If you don't personally know numerous people who have successfully purchased a company in your area to consult, interview a business broker who has done many deals over the years. They know how buyers needs differ, and they've seen numerous scenarios. Hence the real-time advice. Good luck!

Jun 23, 2010
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R A

Well, first you need to consider your finances. You need to make sure you have enough money for the business you want to purchase. If not, then you need to find out if you qualify for a loan or if the seller is offering any financing. Once that's done, you need to do due diligence on the business, review it's financials, look at the lease arrangements, find out about it's assets and debts. It's best to get an accountant to review the financials and a lawyer for everything else.

Jun 23, 2010

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