Business Broker San Diego – How to Choose a Business for an Acquisition

Business broker San Diego will advise that when selecting a business to purchase you consider your strategic vision and your ultimate goals for the purchase. These two considerations are vital in guiding you throughout the selection process. The broker will also help you decide on whether to buy an existing business or to purchase a franchise. They are happy to discuss the advantages and disadvantages of each when you contact them. They also enlighten you on the option of business acquisition based on your desired cash flow and income, how involved you would want and such factors as size, industry and location.

Picking the best business acquisition is never easy. To make it easier for you, business brokers San Diego will recommend that you consider your lifestyle. Your lifestyle will help answer the following questions.

What kind of business are you looking for?
Do you need one that offers more flexibility than the corporate position or a business that helps you prepare your finances for retirement?
Are you looking for a business as a job opportunity?

Every industry has its fair share of considerations that ought to be looked at. Here are two examples to help with decision making.

Buying a restaurant
The first thing a business broker will help you understand about the restaurant industry is that owning a restaurant doesn’t give you the 9 to 5, Monday through Friday business. The hours are long and often crazy. You will also need to open over the holidays. Owning a restaurant also means you have to juggle lots of employees from the wait staff and hosts to the food preparation staff and cleaners.

Even so, people love to dine out. A restaurant with the right menu and the right location will be quite profitable. If you can handle a business that calls for lots of your attention and a creative vision, the restaurant industry is one of the options a business broker San Diego will recommend. On the other hand, if you need a business with limited employee management and short hours, the restaurant industry will not be for you; not even a small café.

Service based business
If you need the least amount of involvement, the service based businesses like restoration; plumbing and cleaning will offer the flexible structure that you need. Most service based businesses can be run from your home office or offsite offices. And because these businesses are based on customer appointments, the more hours you work the more profit you earn. Service based businesses are recommended to entrepreneurs who want to start small and grow over time. This is also a great option if you want to purchase a business as a job.

Business brokers highly recommend that you consider your skills, interests and lifestyle when deciding on the business to purchase. As the next step in a business acquisition, you need to have a conversation with an experienced business broker and an investment expert.

Business broker San Diego

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

The Sales Process