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"Begin now doing what you want to
do. We are not living in eternity.
We have only this moment, sparkling like a star in our hand~
And melting like a snowflake. Let us use it before it is too
late."
Marie Beynon Ray
can be the next crowning event of your career and is to be
enjoyed. Many consider the opportunity to purchase an established,
profitable business to be the best option available. Here's
why:
Current owner(s) have already demonstrated the need for
existing products and/or services.
The start-up learning curve has passed.
Loyal customers and clients are evidence of the demand and
quality of what is provided for the market.
Employees and providers are in place with adequate planning
and production.
Cash flow is established to meet credit needs as well as
yield rewarding profits.
The business is often ready for the next stage of growth,
and
Current owner(s) are generally willing to provide guidance
into an exciting period of expansion.
New ideas and enthusiasm, possibly along with an infusion
of new capital, can be just what is needed to meet the challenges
of the future.
As Primary Business Consultants, American Business Connections
will guide you in the step by step process of due diligence,
through the negotiation stage and right up to the consummation
where you will authorize the final documents and pick up the
keys to your exciting future!
An inventory of quality businesses is available now to match
your personal skills, strengths and interests as well as meet
your economical and geographical requirements.
As soon as you have identified an existing business in which
you have some interest, you will need to sign a non-disclosure
document (confidentiality agreement) to protect the identity
and trade secrets of the exiting owner. Information can be
shared with you in a variety of ways, but normally it will
be provided in three basic forms. First you will be given
a "preliminary" profile on the business providing
basic information. These first communications can be accomplished
by telephone, fax and E-mail saving you valuable time.
If the preliminary information meets your initial criteria,
you will then be given a "basic" profile, which
provides more detailed information. This is normally accomplished
in a face-to-face meeting with an American Business Connections
consultant; however, fax, E-mail, telephone and US postal
service may be appropriate where distance is a factor. In
order for American Business Connections to confirm your credible
interest to the current owner of the business, you will be
asked to provide "basic" information on yourself.
This will include a current or recent financial history, resume
and criteria pertinent to you in seeking a business.
Assuming you have continued interest in the business you
should ask to see the "master profile" of the business
detailing all relevant information. With permission of the
owner, you will be allowed to make copies of any information
shown to you. American Business Connections will have this
profile in our office. Based upon this information and your
continued interest, you will want to make a personal visit
to the business and be involved in a period of due-diligence
to verify the credibility of what has been provided to you.
American Business Connections will guide you through this
process as well as arrange your on site visit.
Keeping in mind that other interested parties are usually
considering good opportunities, you will want to make an offer
to purchase. American Business Connections will have samples
of various forms for your use and coordinate communications
for you with other professionals involved such as attorneys
and accountants.
In the event the current inventory of businesses on hand
does not meet your needs, another potential consideration
might be to investigate franchises available through American
Business Connections. There are advantages to purchasing a
franchise:
The franchisor has already solved many of the headaches
you
would experience in starting your own business
with a concept
proven by many franchises across the country.
There will be a definite plan for you to follow with support
from
the franchisors.
You can participate in national advertising that you could
not otherwise afford on a limited individual
budget.
American Business Connections has several franchise opportunities
available and will arrange for information to be provided
for your investigation.
In the event the business of your dreams is not found through
the consideration of an existing business or franchise, American
Business Connections can assist you by conducting a targeted
search in the hidden market for a business best suited to
your needs and criteria. Locating a business with very specific
criteria may well be compared to someone wanting a 1957 Chevy
two-door hard top, with a white top and blue bottom, 4"
sidewalls, and in good operating condition. This is likely
not to be found advertised in any newspaper or on any used
car lot. There is probably at least one in someone's garage,
well protected from the elements and dangerous freeways. In
order to find it, you will have to search all garages until
it is found.
can conduct a professional search for your specific criteria,
called a targeted business search for that "just right"
opportunity. We will help you crystallize your objectives,
explain the process and execute the search.
Contact Us today to discuss
your business needs.
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