| Buying A Business |
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First Choice Business Brokers, Inc. offers the largest selection of exclusive businesses for sale. These businesses are listed by First Choice and are not available on any co-operative (MLS) system or through other brokers. Our businesses for sale start at $20,000.00 and go up to $130 million dollars. We also offer select franchise start-ups for sale such as Sears Services, Martinizing, Great Clips, Fantastic Sams, Cottman Transmission, Express Personnel Services, etc.
Before First Choice Business Brokers accepts a listing, the Seller must provide an in-depth response to our Business Questionnaire and prove that they are licensed to operate their business. Our goal is to provide the buyer with as much information as possible about the different businesses so that they can make an informed decision. Buyers are required to sign a confidentiality before business name, address, and financials can be released. A buyer should be prepared to give our agents information as to the type of business they may be interested in, the amount of cash they are working with, the amount of income they require from the business and the decision as to who will be running the business. Once a buyer has selected an industry or business they have an interest in, our staff of agents can assist in providing information to help determine if that business fits their needs. Unlike a home purchase, many sellers are willing to carry a note on the business if the buyer makes a sufficient down payment - typically a 50% down payment. Another difference between buying a home and a business is the fact that the business transaction is usually completed in just a few short weeks rather than months. Our job is to assist the buyer in negotiations, lease approval, writing and presenting offers to the Seller. We sometimes act as a "go between and mediator" between the buyer and the seller and assisting the buyer in obtaining the necessary licenses and any other requirements to operate the business. We work with both buyers and sellers to structure purchases that meet all parties requirements and cash needed to close. We make sure that at the closing of the transaction, all necessary paperwork is completed so that both the buyer and seller have the appropriate documents to ensure a smooth transition. First Choice Business Brokers is able and will provide references from satisfied buyers and sellers upon request. |
Our agents provide a "Market Evaluation" for the seller giving them an opinion as to the approximate value of the business. Therefore helping to ensure the buyer a fair asking price on the business.
