Buying a Business

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Is a Gas Station a Good Business to Buy with No Experience?

Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year. Since the country literally runs on gas where people have to commute to different places and goods also have to be ferried to different states, the gas station business is one whose future is quite certain. Below are some reason Read More>>

Important Elements a Buyer Needs to Consider in a Business Sale

JoAnn Lombardi VR President Experienced entrepreneurs who have bought a business before will have an advantage over a business owner who is experiencing selling their business for the first time. That being said, most buyers have a very difficult task because of the due diligence portion of the transaction is typically an area that the Read More>>

What Are the Costs Associated with Buying a Bar?

Buying a bar is a dream that has crossed the mind of many would-be entrepreneurs. Finding the right bar for you and for the market can be tricky, though and, once you have found the ideal bar, you will want to move fast to put down the money and make sure you don’t lose it. You will need to be prepared in advance, though, if you are going to be able to do this. In order to get you as prepared as possible, we give you a breakdown of all the costs involved so that you won’t get caught Read More>>

4 Mistakes to Avoid When Buying a Restaurant

When you’re on the cusp of buying a restaurant, it can be an exciting time. And you’d hardly qualify as a would-be restaurateur if your head wasn’t full of food trends, recipes, presentation, cool interiors and more. But there’s a range of less-motivating tasks you’ll also need to nail down if you want to realize your dream purchase anytime soon. It’s a list of items whose importance to your future business prospects can easily be underestimated when your hea Read More>>

Compromising and Countering

Peter King VR CEO VR Shows How to Negotiate a Business Sale If you've never purchased a business before, negotiating is one of the most challenging aspects of the transaction. What can happen in many cases is that the buyer will spend more for the business than originally intended and the seller receives less than planned.  Read More>>

Choosing the Right Business for You as a Buyer

Peter King VR CEO When you are looking to buy a business, it is important to find the right business first before worrying about the right price. Never base your search simply on finding a good deal because you will find yourself ultimately in a place that you don't want to be. The price must be considered secondary to your  Read More>>

5 Mistakes to Avoid When Buying a Restaurant

Buying a restaurant is an exciting investment. Finding the right one can be a process taken over by passion. This can cause you to jump into a purchase too quickly. In this article, we discuss some of the mistakes that you could make and how to avoid them! Because, running a successful restaurant will mean buying the right one and avoiding any unwanted surprises! 1. Forgetting to check the lease terms Most restaurants that you buy will be leasing the premises from which they operate. You  Read More>>

Is Becoming a Business Owner as Hard as People Think?

Running your own business is a common dream shared by many. Many dreamers dismiss the idea immediately however, telling themselves it’s sure to be an uphill struggle. In reality, while taking responsibility for a new enterprise may be tough at times, there are some myths which distort the true picture. So, to help weigh up the options, let’s separate the fact from the fiction about business ownership. Were you born for it? If becoming an entrepreneur was always a walk in the par Read More>>

Federal Antitrust Laws

Peter King VR CEO I got asked not long ago for my opinion on Federal Antitrust Laws. I had to preface my answer that I am not an attorney, but my belief is that the central concern of federal government policy is with those acquisitions that increase the danger that companies in a particular market or sector will have “market pow Read More>>

Why Bad Deals Happen to Good People

Peter King VR CEO No one ever plans to be involved in a bad deal. Yet all too many entrepreneurs and executives enter into buying a business they later regret. This can be true on an individual buying a family business or a company looking to expand through acquisition. There are generally the same mistakes made over and over; lack of  Read More>>

Entering Business Ownership

When Is The Best Time To Enter Business Ownership?More and better businesses opportunities are available now than we have seen in history...if you know how and where to find them. This may be your best opportunity to take advantage of gaining the years of hard work and investment of someone else. The current economy is the most favorable we have seen in years to make your move! At some point the owner of every business and professional practice will exit his/her business through a sale or Read More>>

Can Your Business Broker Answer These 7 Questions To Your Satisfaction? The only thing worse than no professional support is the wrong professional support. Ask these questions to secure the right broker. Selling a business on your own to save money is often a false economy, but hiring the wrong business broker is arguably even worse. If you are to avoid appointing a broker who is unscrupu Read More>>

Small Business or Franchise? How to Decide Having decided you want to be your own boss, next you have to choose not just your sector but whether you start a business from scratch, buy an established independent business or buy a franchise. Each option has its own merits and drawbacks and which one suits you depends on your personal attributes and what you want  Read More>>

Just How Important Is Location When Choosing a Business It’s been the mantra of real estate agents forever, and it still rings true when discussing the relative values of any sort of residential or commercial property. But, this focus on location is an even more important factor when that real estate purchase involves starting or taking over a business. Here are three  Read More>>

Should I Buy a Business or a Franchise? Want to be your own boss but not sure which way to go about it? Here, you can weigh up the pros and cons to see whether buying a franchise or a business would suit you best: Finance Franchise One of the positives of buying a franchise is the increased number of loan options available to you. Brand names and a transpare Read More>>

Top 5 Business Sectors To Invest In Today According to the Global Entrepreneurship Monitor 2014 Report, entrepreneurship rates in the U.S rose to approximately 14 percent last year - a far cry from the recession low of 7.6 percent in 2010. The Bureau of Labour Statistics states that Americans change their approximately job every 5 years, many taking the leap and Read More>>

Top 5 Reasons To Buy an Established Business

Peter King VR CEO While there are many reasons to buy (or not buy) a business; purchasing an established business compared to starting a new business has some advantages. A proven location, products that have a history of selling, employees who already know their jobs, customers who are loyal to your brand, and existing cash flow are Read More>>

Is A Franchise Right For You?

Peter King VR CEO Making the decision to purchase either a private business or a franchise is an important decision when you start out to begin a new business venture. There are many choices, challenges, and many benefits to a franchise opportunity so it is vital to really understand the nuances before you sign on the dotted line. U Read More>>

Don’t Overlook a Reputation Management Investigation When Purchasing a Business

Peter King VR CEO You’ve checked the business location, the financials, and done all of your due diligence—or, have you? Leaving out a comprehensive reputation management investigation in your purchase discovery process can be a costly omission. Financials may indicated the revenue was being maintained, however disclosu Read More>>

How to Retain Customers After the Deal Closes

JoAnn Lombardi VR President When a company is acquired, its loyal customers may feel uncertain about the new owners - uncertain enough to take their business elsewhere. It's important, therefore, to start making customer-retention plans early in the acquisition process to help allay customer fears, thwart predatory competitors and en Read More>>

Small Business Prices Rise, Buying Opportunities Plentiful

JoAnn Lombardi VR President Is NOW the right time to enter the market to buy a small business? According to the latest information from industry analysts, small business sales and small businessselling prices are starting to pick up. Third quarter sales for 2012 were slightly higher than the sameperiod in 2011. Selling pri Read More>>

Preparing an Offer as a Business Buyer

JoAnn Lombardi VR President When you are looking to buy a business, VR will assist you in finding the one that matches your qualifications and interests. More importantly, we will educate you on what the seller expects from you as a buyer, performing due diligence and writing an offer that’s fair in relation to the marketplace. Read More>>

Determining Risk when Buying a Business

Peter King VR CEO Risk can be influenced by the stage of the venture, the competitive advantage, proprietary technology, the expertise and experience of management and many other factors that can determine whether a venture succeeds or fails. It is possible for a venture to fail and lenders to get their money back. This is the s Read More>>

Understanding Your Strengths and Weaknesses before Buying a Business

JoAnn Lombardi VR President When you're coming close to buying a business, you will want to investigate and research every objective you have. You will want to see what the alternatives to achieve these goals are. Once you have done this, you should assess the business you’re buying and its current operations. Understanding  Read More>>

Making an Offer on a Business

Peter King VR CEO When an offer is made on a business; generally, there are three ways for to do this as well as negotiating price and terms. There is the down payment, the transfer of a property lease and how the financing involved. Terms of Payment An offer will include both a down payment and a seller carry-back note from the bu Read More>>

Finding the Right Business for You

JoAnn Lombardi VR President Before delving too deeply into the technicalities of due diligence when buying a business, remember the following point: Always focus on finding the right business before concerning yourself with the right price. Don’t base your search solely on finding a good deal or a steal. The price has to be con Read More>>

Understanding Your Strengths and Weaknesses before Buying a Business

JoAnn Lombardi VR President When you are coming close to buying a business, you will want to investigate and research every objective you have. You will want to see what the alternatives to achieve these goals are. Once you have done this, you should assess the business you’re buying and its current operations. Understanding Read More>>

Generating a Plan for Your Business

Peter King VR CEO Deciding to buy a business is an exciting, yet scary process. Developing a business plan can help ensure that you know where you want to take your business and how to get there. As a result, you have a "roadmap" to help you achieve your goals as a business owner. Defining Your Objectives Before entering the ma Read More>>

If You’re Serious about Buying a Business

JoAnn Lombardi VR President A serious buyer should have the answers to the following questions before looking into purchasing a business. Why are you consideringbuying a business at this time? What is your time-frame to find a suitable business? Are you open-minded about different opportunities, or are you lookin Read More>>

Operating an Effective and Successful Business after Buying

Peter King VR CEO When you are going to buy a business, you have to know how to be an effective manager. Since the business you have bought is now yours to run, there are some important points to follow to be not only an effective but a successful manager. You should be articulate and vocal about your beliefs – this will set  Read More>>

Determining the Right Strategy for Your Business that You Buy

Peter King VR CEO In order to determine the strategy that will work effectively after buying your business, there are five essential questions that will help you determine if you will able to implement and push you to prosperity and solidify customer loyalty. As a business owner, you cannot expect to answer these questions quickly,  Read More>>

Advantages of Buying an Existing Business

Peter King VR CEO There are many advantages to buying an existing business. Already Established Customer Base When you buy a business, you also buy that business’ customers. The more customers, the more that you will pay for the business.However, these existing customers will giveyour business an immediate cash flow and oppor Read More>>

Buying a Business Has Many Advantages

JoAnn Lombardi VR President Many entrepreneurs believe that they need to start a business from scratch. But this does not have to be the case. Look at one of the all-time business owners: Howard Schultz. He did not start Starbucks. Instead, he initially worked for the business before leaving. After a time, he returned and bought the  Read More>>

Buying a Business Instead of Starting One

JoAnn Lombardi VR President So you’ve made the decision to own a business. Hundreds of people work their way through the same thought process, weighing the costs and benefits of self-employment versus career employment. Yes, there are risks to taking the route of owning your own business; but when youbuy an existing business a Read More>>

Choosing the Right Business for You as a Buyer

Peter King VR CEO When you are looking to buy a business, it is important to find the right business first before worrying about the right price. Never base your search simply on finding a good deal because you will find yourself ultimately in a place that you don’t want to be. The price must be considered secondary to your Read More>>

When to Begin Due Diligence as a Business Buyer

JoAnn Lombardi VR President The intangible that connects the right business to the right price is due diligence. This refers to the period of time during that the buyer is free to examine the seller and their business. Due diligence also refers to the efforts made by the seller toevaluate the buyer’s financial statement and res Read More>>

Asking Yourself the 7 Questions When Looking to Buy a Business

Peter King VR CEO If you are looking to become a successful business owner, you need to be able to ask yourself if you have what it takes. First of all, if you are looking tobuy a business just to be able to pay your bills and have no debt; then don’t bother moving ahead. When you make the decision to buy a business, your goal  Read More>>

Is Buying a Home-Based Business Right for You?

Peter King VR CEO Many people think about this all the time: the chance to combine both career and family life by working from home. But once you make the leap, the concern enters your mind: will you have trouble waking up in the morning without the need to drive to an office? If you have doubts already, then working from home w Read More>>

Importance of Planning when Buying a Business

Peter King VR CEO Considering that buying a business can be a scary process for some, here at VR, you are best advised to develop a business plan that can help ensure that you know what your goals are and how to achieve them. In essence, a business plan is a road map that helps you focus on something else besides your apprehension.V Read More>>

Choosing the Proper Business Entity to Buy a Company

Peter King VR CEO If you’re a company owner that’s buying another business to operate, there are some options that you can consider when proceeding. TYPES OF ACQUIRING ENTITIES Normally, there are four basic types of entities that can be used to buy and operate the business of the acquired corporation:  Read More>>

Knowing When You’re Ready to Own a Business

Peter King VR CEO The idea of becoming your own boss is always appealing as millions of people have tried and liked it. How you determine if you are ready to become one yourself? What are the challenges of buying an existing business that’s for sale? There are ten questions that you need to be able to ask yourself:  Read More>>

Why a Buyer Needs to Submit a Personal Financial Statement

Peter King VR CEO First, a VR business intermediary has many listings that are available in all sizes and price ranges. He/she is often able to use his/her experience to assist a buyer in finding additional sources of money that can be used for a sale. Additionally our contractual agreements with business sellers require tha Read More>>

Why a Buyer Can Withdraw Their Earnest Money Deposit Following Due Diligence

JoAnn Lombardi VR President A buyer’s earnest money deposit is to assure that he or she will complete a transaction after agreeing to do so.The nature of an offer to purchase a business, as opposed to real property, is that the seller builds certain contingencies that allows the buyer to prove the facts presented. Some Read More>>

Questions that You Have to Ask Yourself When Looking to Buy a Business

Peter King VR CEO Changing economies always make both potential buyers and sellers nervous. If you're looking into buying a business, this is what you have to ask yourself: Will this business continue to be attractive to customers in the future as it has been in the past? If the answer is yes, you can consider Read More>>

Finding the Businesses that are Ripe for Buying

Peter King VR CEO A business is going to be more valuable to you as a buyer when the synergies, economies of scale and other integration benefits can be achieved. You can determine which ones are in the right condition to acquire when you look at the following characteristics: High Potential for Growth – A buyer is Read More>>

Choosing the Business that’s Right for You

JoAnn Lombardi VR President When you’ve decided to go into ownership, you need to know what type of business that you want to pursue. You should start by identifying the products and services that you intend to deliver. You can easily narrow down your choices by looking at the following factors: Researching Costs Ex Read More>>

A VR Intermediary is the Best Source of Educating Yourself on Owning a Business

Peter King VR CEO When you're buying a business for the first time, you're going to feel a little apprehensive. It's a major step for anyone that decides to go into ownership for the first time. However, you don't need to go to school to educate yourself because here at VR, we can guide you every step of the way. In almost every  Read More>>

When to Apply Restrictions and Prohibitions in the Business Deal

JoAnn Lombardi VR President When negotiating the sale of a business, it’s not uncommon for both the buyer and seller to miss putting much thought into the post-close conditions and terms. Obviously, both parties want to protect themselves against potential harm that either could inflict. However, this topic can be overloo Read More>>

Considering Whether to Own a Business

Peter King VR CEO It’s always a big decision when you decide to go into business ownership. There are many variables that come into play that you need to consider before taking this step. Not every person out there is cut out to be one. Some have the attributes and qualities necessary to become a successful entrepreneur  Read More>>

Buying and Selling Business in the Middle Market

Peter King VR CEO VR defines the middle market as a realm of businesses that have grown beyond single management entities to significant regional or national stature with revenues between $10 million and $200 million. However, the majority of the middle market is made up of businesses that are built around a single produ Read More>>

The Importance of Due Diligence When Buying or Selling a Business

JoAnn Lombardi VR President There is no such thing as a short cut when approaching due diligence. As time consuming and cumbersome as the process may be, it is not to be taken lightly. The examination has to be comprehensive and thorough for both the buyer and the seller. Particularly for the buyer, a less than thorough r Read More>>


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