Business Brokerage Services
Sell My Business
No sale. No fee. Guaranteed.
You read that right. We do not collect any fees or charge you a thing until your business is sold. The business ownership transfer process is something we know well. Frank and Lisa have been guiding owners and those looking to buy for over 20 years. Business transfers are unique and every transaction is dynamic to say the very least. Company financials, assets, liabilities, personnel, clients and customers are always changing and it requires the specifics of the transaction to change along with them.
If you are looking to sell your business, we understand you are about to engage in selling a part of your life that took years to build. We aren’t strangers to this feelings, as we’ve sold our own businesses too. At a glance, here are the things that must be done:
In addition to all of these transaction steps, caring for your customers and employees at the same time is absolutely paramount. If not kept confidential and managed the right way, businesses can suffer when word gets out that you are selling. We know how to navigate this and we are here to guide you through it. If you are thinking it’s time to sell, or just want to know what your business is worth, contact us today for a FREE evaluation.
Business Broker, Owner of Cascade Properties & Investments
Buy a Business
One of the questions we’re asked frequently by young, energetic entrepreneurs is why should I buy a business when I can just take a new idea or remake an existing idea a start-up company? The answer is track record and potential. A business has a history, just like all people. Some of the experiences in that history are positive and some not. By examination of the financial records of a business, you can determine how the business has performed over its existence and more importantly, over the past three to five years. You can sales cycles and profit and loss swings, but more importantly, you should see steady and consistent growth, not decline. Businesses go through four major cycles, start-up, rapid growth, maturity, and finally renewal or decline. You certainly do not want to purchase a business that is late in the maturity or decline portion of the cycle. So, with that said, a few positive reasons for purchasing a business include, but are not limited to:
- Consistent profitability growth
- Current and steady customer base
- Known product or service
- Brand loyalty
- Trained and dedicated employees
- Operations and programs already in place
- Business relationships with banks, suppliers, etc.
Start-ups, on the other hand, have no history and therefore the owner must establish themselves personally and develop the positive characteristics as they grow. This is certainly a less expensive alternative to start, but may prove to be a much more difficult one and ultimately more expensive in the long run. The number of successful startups within 5 years of launch are staggeringly low, possibly as low as ten percent or even less. Here are the 2021 statistics from Fortunly.com: (https://fortunly.com/statistics/small-business-failure-statistics/)
- 78.5% of small businesses survive their first year
- Business owners under 30 are more likely to fail
- The most common reason small businesses fail is that the market simply doesn’t need their product or service
- 29% of businesses fail because they run out of cash
Armed, with just this small bit of information and a little research, a potential business owner should determine the best avenue for the business they ultimately want to own. Buy an existing business or spin up a new entity? With these alternatives, spend ample time doing the research before you make your final decision. Develop a business plan, operations plan, and think about consulting a business coach to get you off on the right foot in your new venture. As a small business owners and real estate brokers ourselves, we can assure you that you will not be bored, no matter which alternative you take. Owning and operating a business is full of challenges, risks and rewards. The goal is to ensure the rewards outweigh the risks when the final accounting is complete. And with that, I wish you great success in all your business ventures.
Like the idea of buying a business? Let us help you make sure it's the right business. Contact Frank today.
Browse businesses for sale listed by us. Not seeing anything of interest? No problem, we will work for you to find the right business for you.
Well Established Bar Stool & Dinette Business for Sale North Bend, Washington $174, 900 Asking Price $79,516 Cash Flow Gross Revenue: $463,337 EBITDA: $38,730 FF&E: $15,663 Inventory: $75,297 Rent: $7,398 Employees: 2.5 Providing casual dining products with room to grow. Here’s your chance to own a beautiful, longstanding business as is, or ready for you