When entrepreneurs buy their business, they buy much more than inventory, equipment and fixtures. They buy a lifestyle, a livelihood, an opportunity to unleash their energy, drive and ambition. Thousands of people do it every year, and the out-of-pocket cost of taking over a going concern may be far less than you imagine.
Ronald Lawrence helps buyers realize their potential by providing all of the resources they need to locate, select and purchase the most appropriate business. We advise potential buyers on every aspect of the buying process and continue to remain a resource to a new owner.
Buying a business through Ronald Lawrence means minimizing the time, trouble, and expense associated with this venture -- while maximizing the potential for success.
Match
buyers interests and goals with the right business
Guides you
through the process of purchase
Identifies
financing options
Negotiates
Bridges
gap between buyer and seller
Buying
VS. Start-UpAlthough some would be business owners thrive on the thrills and agonies of creating a business, there's plenty to recommend moving into a business with a track record and, ideally, a long history of profits. Most of what you need will already be in place: customers, supplies, employees, even a name and reputation. It's normally cheaper than starting a similar venture from scratch, and financing often comes easier because the seller must help and other lenders can inspect a history as well as proposals and projections.
PricingAlthough it's common to base the business price on the value of the assets being purchased minus any liabilities that the buyer specifically agrees to assume, a far superior way is to base the price on the earnings the business produces. Under commonly used pricing methods, the price should not exceed three to four times annual earnings.
FinancingFinancing is key to purchasing a business.
SBA
Financing SBA financing means that the buyer can purchase a business with a smaller down payment. This can enable a buyer to purchase a larger business if he wishes.
Services
to BuyerBuyers expectations are clear. They want to deal with business brokers who have a good relationship with the seller because they feel this will allow the Broker to resolve issues and misunderstandings easily and quickly. Buyers expect candor in the presentation of a business, and want to consider only those businesses in which the Seller is really committed to selling. Buyers want to see businesses that have not been "shopped" and those that have been realistically priced. They expect the business broker to ferret out any potential surprises; they don't want any "skeletons in the closet."
To realize these expectations, a buyer must deal with a sole and exclusive agency brokerage. We can present many interesting opportunities to a buyer, businesses that you would not find available anywhere else. No buyer likes to waste time and we can offer an efficient means of getting right to those business that fit your needs and requirements.
We are very selective about out listings. A business must have a successful track record and be on the upswing. We structure the sale of our exclusive listings with an initial down payment and affordable monthly installments and have pre-qualified the business for SBA financing.