Sunday, May 20, 2012

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Our Process for Buyers

 

At Coast Atlantic Partners, we assist our buyer clients throughout the process of searching for, investigating, financing, and acquiring small or mid-sized businesses. Whether you are a business owner looking to grow through acquisition or an individual wishing to take control of your financial future, we work as your advisor to help you reach your goal of buying the right business at the right price.  

Are you out there competing with all the other buyers for those few good businesses that are advertised for sale on the open market? Would you rather be the only buyer looking at a great business that most people don't know is for sale?

Most of the best available small and midsize businesses are quietly for sale by owner.  Even in the current economic environment, deals are being done. We use our proprietary system to help buyers access the "hidden market" where a majority of deals take place. With our assistance, clients can quickly be meeting owners of mature, profitable businesses that meet their criteria.  

Contact us today to learn about our Business Buyer Training and no-risk initial consultation. You will get immediate access to valuable information on the business buying process including the risks involved and tips for success as well as checklists and other helpful tools. We are confident that you will find this information useful. 

CAP offers the following services to buyers:

 

Search and Initial Screening 

If you are like most buyers out there, you are frustrated with your search for a business. There aren't many on the market that meet your criteria.  You have to sort through tons of losers to find the winners.  When you do find the winners, other buyers find them as well resulting in a bidding war and an inflated price.  

 

In reality, only around 20% of the best businesses are even advertised for sale. The others are available to those who know how to find them. Our clients gain access to those businesses on the "hidden market" that are exactly what they are looking for and they don't have other buyers driving up the price. Using our Business-for-Sale Locating and Screening System ™, along with our counsel, a you can quickly be meeting the owners of mature, profitable businesses that meet your criteria while avoiding buyer competition.  

We will guide you through:

·         Establishing your acquisition criteria

·         Assembling your team

·         Preparing you to make a great 1st impression with sellers

·         Creating a search strategy

·         Contacting and screening businesses

·         Meeting motivated sellers of great businesses

Most buyers don't know how to properly access this market.  Even if they do reach owners that want to sell, most won't admit they are for sale to a buyer they don't know.  We can't guarantee that you will buy a business but with our proven system, we will make sure you have the best choices available if you do.

 

Due Diligence

Due Diligence is perhaps the most critical step in the purchase of a business.  This is where the buyer "peeks behind the curtain" and determines whether a business is really worth buying.  Using our proven system, including questions to ask, data gathering forms, checklists, and more, you will compile the right information to make an informed decision regarding a business's health, its value, and its potential areas for improvement.  Many of the most important factors to consider in this analysis are the non-financial factors that most buyers gloss over or never take into account.

Remember, many of the mistakes made by buyers are errors of omission- not knowing what to do.  Even people who know what to do sometimes do the wrong thing, especially if they have a bad case of what we call buyer fever- wanting a particular business so badly they suspend their common sense.  We will keep you on track.  

We will help you:

§  Determine the scope of the investigation

§  Gather the right data and get the right questions answered

§  Use our extensive resources to research the industry

§  Narrow down the likely price range

§  Define alternate deal structures

§  Analyze findings to help you make a decision

Evaluating a business for purchase is complicated.  You can rely on our system and our experience to help you avoid the potential traps and find a winner.

 

Dealmaking

Most business transactions in which the buyer and seller think they have a deal, fall apart.  There are many reasons why but most have to do with surprises that come up right before closing or important steps that were missed by the buyer along the way.  What systems and procedures do you have in place to minimize the chances of your deal falling apart?

When it comes to getting the deal done, we can greatly increase your chances of success. We will help you:

§  Determine financing needs and identify financing sources

§  Coordinate financing applications and commitments

§  Finalize data collection

§  Obtain the necessary reports regarding value

§  Assist with negotiations

§  Coordinate document preparation

§  Coordinate closing

We work with the rest of your advisory team to achieve your ultimate goal.  With our assistance and our proven system, you will reduce your chances of a mistake and increase your chances of purchasing the right business at the right price.

 

 

  
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