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Are You Really Ready to Buy a Business?

Buying an existing business is becoming a practical choice for seasoned professionals who prefer not to start from scratch. These professionals generally would have worked at various positions in medium to large organizations for most of their working professional life and now they are looking to start something of their own.

These professionals understand the time and resources it takes to build a business from scratch, instead they prefer spending time and resources to further build the business they have acquired. Generally, these middle-aged professionals (mostly) who have years of experiences and the skills they have garnered, either have some sizeable funds of their own and/or have access to funds via their network to finance the purchase of an existing business.

IndiaBizForSale.com receives good number of inquiries from such professionals on a regular basis. We aim to qualify interests from these interested buyers by asking series of detailed questions. These include; their past experiences in a similar industry, profile background – qualifications, their future plans (reasons on why they want to buy a business), preferred industry and location, what is the ideal investment budget, whether the purchase will be self-funded or external finance, etc. After careful evaluation we help them with their search to reach out to a relevant genuine business opportunity for sale.

We also help the interested buyer to communicate with the seller, assist them with signing of NDA, the top line Business Valuation, and as and when required, arrange a site visit for buyer and seller to meet directly. This interaction requires a serious amount of time and resources from our end to ensure that we only bring Genuine Seller and Serious Buyer on our platform to meet each other. Our secured messaging system enables communication between interested prospects with the business seller without revealing the business or the seller identity (unless preferred by the business owner).

Our seasoned professionals generally have an investment budget in the range of Rs.50 Lakhs – Rs.10 Crores to acquire a running business for sale. Generally, these are either self-funded or have a network of HNIs who would fund this business investment.

No doubt, the opportunity cost for these professionals is higher but at the same time with the amount of experiences, skills and contacts one has all the right to become his/her own BOSS.

Click here to check out some of our latest businesses for sale.

If you are planning to invest into an existing business, Call us NOW on +91-8000422133 or connect with us through website – http://www.indiabizforsale.com. We promise unbiased advice for your interest and concerns.

Always Happy to Help!!!

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How To Know A Prospective Buyer Is Serious to Buy Your Business?

Selling a Business is a serious business, as a reason it is of utmost important to understand how serious the prospective buyer is when inquiring into a business opportunity for sale.

So, how does a seller find out if a buyer is serious or a time-waster?

Buyer

A Serious Buyer will- 

tickmarkKnow what he/she wants

A serious Buyer will know the type of business he/she wants to acquire. First off, it should match their skills and experience. The buyer will also have some realistic expectations on the location, the investment budget and the size of the company he/ she is looking to invest into.

tickmarkNot waste time

A serious Buyer targets businesses, does research on the business, and is ready to make contact, set up appointments and visit these companies. They meet with potential financial partners. They discuss with the seller or broker important considerations. They focus on businesses that are suitable for their background.

tickmarkBe “Transparent” to the seller

A serious Buyer is always ready to disclose his/ her identity (profile and background) to the seller. The buyer needs to reveal his interests and the reasons why he/ she wants to get into this business. The buyer should emphasize his/her understanding of the industry and  the qualification they have to operate a similar business. This will build an initial trust as the transaction proceeds to advanced stages.

tickmarkHave resources available to buy a business

A serious Buyer will have sorted the financing to fund the purchase of the business. A ready proof such as an income statement, banking references, and borrowing capacity should be in place. A serious Buyer will have a substantial amount to pay for the down payment and should disclose the plan on how will the deal be financed. Funds from investors or partners should be formally committed.

tickmarkBe ready to sign a non-disclosure or confidentiality agreement.

Signing an NDA speeds up the process as the buyer can get the information required to make a decision about buying the business. And gives the seller the trust and confidence that the information shared will not be leaked out.

For a Buyer, who wants to be taken seriously, be prepared before beginning the search for businesses for sale. Business brokers and sellers can easily spot whether you are a “time waster” or a “serious buyer”.

For a Seller, asking some basic questions to qualify a buyer is important – at times this can be a provocative issue as some buyers get offended that they are being pre-screening but this process ensures that you are dealing with a qualified inquiry and a serious buyer. Serious buyers will appreciate this approach by seller though.

My two cents – continue running your business and don’t get obsessed with couple of enquiries even if they are at advanced stage. One thing you don’t want is to lose focus on your business and the business starts to run down.

So, stay focused on running your business till the deal is closed and keep your options till you get the money in the bank.

Post Source : http://www.indiabizforsale.com/blog

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How to Value an E-Commerce Business for Sale?

You may have a trendy website or a not so user-friendly website. You may have other business requiring priority so not able to give earnest attention to your website. Perhaps you have increased competition for your e-commerce business or you just want to cash it out and invest that money into something else. While you have your own reasons to sell out your e-commerce business, you still want the best price from the buyer. But let’s face it! Determining the value of an online business for sale is not easy because of its intangible nature.

How much is your e-commerce business worth? It is certainly not determined by the number of hours you have put in or the SEO and promotion you have done or the growth potential it has. Buyers of an e-business are interested in the profit that a website generates. The other activities are ultimately focused on increasing the profits and hence do not increase the value of your e-business. Continue reading

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Seven ways to sell a Manufacturing Business

Business owners invest a lot of time, energy and money in a business to make it a grand success. However, at times situations come when owners put the Manufacturing Business for Sale. It is a gigantic task that needs a lot of efforts.

Tips to sell a manufacturing business profitably;

1.  Find companies who are interested in consolidation: Consolidation offers the best way of expanding market size. For middle-market companies, it is a great chance for selling themselves.  For large companies, it is much easier to consolidate with small manufacturers rather than spending huge money in setting-up fresh units.

2.  Lower the potential risk and boost the asset value: Once you decide to close down the unit, prepare the Business for Sale by increasing the asset value. By redeploying sale of goods, revamping the budgets, and tracking inventory you can achieve good control over the situation. Continue reading

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Things to Consider When Buying an Existing Restaurant Business for Sale

Buying a business can be difficult; the buyer needs to consider innumerable factors that decide if the business is worth buying or not. But when you try to buy a restaurant business, the decision is much simpler. The food industry is one of those industries that will never go out of business and will always have a dedicated customer base. That solves the most important issue of a business selling-buying scenario – loss of customers.

Take for instance – Chami’s Restaurant and Caterers, it’s a small but well-established restaurant. This business was established about 3 years ago and provides home cooked style food to its customers. The restaurant currently attracts about 40 dine-in customers in addition to 20-25 customers daily who order tiffin. With a dedicated customer base of these many customers, the business makes a turnover of more than Rs.2.25 lacs per month. When this business is sold, the new owner inherits the customers, staff and equipment and will also have the turnover right from the start. Buying a business doesn’t get simpler than this. Continue reading

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Buying may be better than starting from scratch

So you want to own your own business.

Notice I didn’t say start your own business. The popular idea of going into business usually conjures an image of an entrepreneur or two starting at their kitchen table, growing their small business from the ground up.

But you can go into business another way: You can buy an existing business.

Too few entrepreneurs consider the option of buying a business. When you buy on ongoing concern, you’re further down from the starting line and you have several other advantages:

1. Existing customer base. This is the No. 1 reason to buy an existing small business.

But you need to make sure these customers will be a source of recurring revenue.

In some types of businesses, a hair salon or a doctor’s practice, for instance, customers or patients are likely to try you at least once. But you have to assume they’re also asking their friends for recommendations. Continue reading

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Selling Your Own Business, A New Approach

Until maybe just a few years ago, selling your business was considered a taboo. Traditions defined that the son must follow the footsteps of his father, and join the family business. But with changing trends in the mentality of people, the business environment, and the constant need to create something bigger and better, the stigma is vanishing quickly, and selling business is no longer looked down upon.

Being new to the idea of business selling, sellers often make some basic mistakes, forcing them to sell the business at a lot less than what it is worth, or in worst cases, shut it down without getting any return on investment. Traditionally sellers will try with their own contacts (limited reach and confidentiality issues) and talk to people that they want to sell their business. This often provides limited reach and also it creates situation where the word soon gets out that business is for sale, and it can greatly decrease employee morale, and might provide advantages to competitors to bash the seller company, and gravely affects the future scope too. Continue reading