Hallmark Business Brokers is Your Certified Value Builder

If you’re looking to sell your business at some point in the future, it’s important to keep track of your company’s statistics. Know how much money you’re bringing in, as well as how much money you’re spending. This can help you determine the value of your business. The value of your business is how much your business is worth once it’s time to sell. For help determining the value of your business, Hallmark Business Brokers is your certified Value Builder.

Check Out These Advantages of Buying an Existing Business!

The traditional view of opening a small business envisions the owner drafting it from the ground up, meticulously creating and installing each level of the enterprise until it resembles the initial concept. While this vision is tantalizingly straightforward, the alternative of buying an existing business is worth considering. Below is a list of reasons why:

Sometimes Buying an Existing Business Beats Starting from Scratch!

Starting a new business is always a stressful time. All new owners wonder if their market research was adequate, did they develop the right business plan, do they have a recession-proof business and so on. Buying an existing business might be a better choice than trying to start from scratch, and Hallmark Business Brokers can help make that happen. Here are four reasons it may be a better choice to purchase an existing business:

We are a 2019 Finalist for the Business of the Year Award

The Venice Area Chamber of Commerce annually recognizes the best businesses in the greater Venice area, and Hallmark Business Brokers is a finalist for Professional and Financial Business of the Year in 2019! We are excited and honored for this recognition. Now in its 40th year, the Venice Chamber of Commerce awards recognize the best businesses in five categories. The awards presentation luncheon will be May 31, 2019.

Buying a Business

A Step by Step Overview of the First Time Buyer Process

For first-time buyers, buying a business can be overwhelming. It can seem complicated and most people don’t know where to start. That’s where we can help. Here’s a guide on how to go about buying your first business.

First, you must gather information about the potential business you are considering buying. You must buy one that you like; it can’t just be for profit. Otherwise, you won’t be able to put all of your efforts into it and the investment won’t pay off. Find what appeals to you and learn all about the business to ensure that it’s right for you.

Second, you must find the right business broker. When you work with someone that you trust and is working for your interests as opposed to theirs, it makes for a good partnership. They are professionals and can guide you to the right information and opportunities.

Third, you must sign a confidentiality agreement to truly learn about the business of interest. Your broker must schedule an appointment with the business seller. Make sure that you prepare any questions to ask so that you can feel confident that you know the business that you are potentially getting yourself into. Learn about its potential, if it’s what you are truly interested in, and what it entails.

Fourth, you should meet with your business broker to discuss if this business is right for you. Based on the appointment with the seller, discuss if this is the right business for you. Your broker can provide you with their knowledge and help you to decide if the business is worth the investment and time.

Fifth and final, you need to reach a decision. Using the information that you researched, obtained from the seller, and obtained from the broker, decide if this is right for you. You will, at this point, make a written offer. This will begin the process of due diligence, in which finances will be evaluated.

For more information about buying your first business, feel free to contact Hallmark Business Brokers at 941-445-4726 or visit our offices located at at 230 S Tamiami Trail, Suite 2, in Venice 34285.