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Every business is unique

 

Ask the owner directly what they do differently.

Frequently Asked Questions

Should I sign a NDA?

A NDA, Non Disclosure Agreement, is required by most sellers. This document is designed to protect the seller in regards to important and confidential information that needs to be disclosed to potential buyers. It is a good idea for Sellers to insist on a Non Disclosure Agreement prior to disclosing detailed information.

Why Buy a Business Privately?

Buy Or Sell A Business Privately and Save Thousands of Rands !

Thanks to the power of the internet, business owners looking to sell, now have the ability to do so themselves without the aid of a business broker. Simply uploading your business to a reputable business for sale website is having fantastic results, while saving the vendor up to 15% of the sale price in agent fees and commissions. Customize your listing to suit your needs at a price that meets your budget. Who better to sell your business than YOU!………the owner.

Buying a business privately is a booming trend and continues to be very popular among the small business community.

Is it better to Buy a Business or start a new Business?

Buying vs. Starting a Business

When is it better to start a business, and when is it better to buy a business? Most people believe that buying a business is expensive, which is why they choose to start a business instead. This belief, however, is erroneous. Research shows that buying a business is actually cheaper than starting a business, because there are lots of unexpected costs involved with starting a business from the ground up.

What are the advantages of buying a business? Here are a few of them:

  • It costs less than starting a business
  • You already have a steady stream of customers
  • If you buy a profitable business, you get income right away
  • You can focus on building the business to the next level
  • Less uncertainty, which translates into reduced risks
  • Banks will finance buying an existing business, but are unlikely to finance starting a new business
What to Look For When Buying a Business

When you buy a business, it is important to understand the financials. Here are a few items that you want to look at:

  • Revenues
  • Number of units sold
  • Average price of units
  • Gross margin and markups
  • Profit margin
  • Owner’s Discretionary Income
  • Number of employees
  • How much employees are paid
  • Current owner’s advertising methods
  • Size of customer base
  • How well the customer records are kept
  • Any expansion potential
  • Position relative to competition
  • Location of business

You also want to note any trends that have occurred over the last 3-5 years. This list is by no means extensive, but it gives you a general idea as to how attractive the business is. If you have questions on evaluating various business opportunities, a good accountant can offer some valuable advice.

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