Tips on Buying a Business with Little Money!
Buying an existing company is the safest way to get into business. Get customers, employees, and income on day one! You can buy a company with little or no money if you master the business buying process. Download the Letter of Intent (LOI), Business Plan Template, and Closing Checklist, and start today.

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  1. Letter of Intent to start making offers like a pro
  2. Business Plan Template to make a plan for success
  3. Closing Checklist to not miss a single detail when acquiring your company
  4. Ebook on Buying a Business 
WHAT WILL YOU GET IN THE BUY A BUSINESS TOOL KIT ?
Restaurants & Food, Laundromats, Manufacturing, Machine Shops, Retail Businesses, Service Businesses, Plumbing Companies, Electrical Contracting, Distribution, Automotive Repair & Retail, Boating Industry, Beauty & Personal Care, Education & Children, Entertainment & Recreation, Fitness, E-Commerce, Travel, Transportation & Storage, Travel, Communication & Media, Building & Construction Wholesale & Distributors, Gas Station, and Pet Services.
Making an Offer
Deal Structure
A business plan is essential to help banks, lenders, investors, advisors, and other stakeholders understand the business. Their decision to fund will be determined partly by the business plan. Business owners will be more likely to hold a seller note (finance you) If they have a business plan.  
Funding Sources
Five thousand baby boomers are estimated to retire daily and have no exit plan. Target businesses owned by baby boomers to buy. They are most likely to be motivated to sell and give you favorable terms. Baby boomers are the low-hanging fruit, but go wherever the deals are.

Target These Companies
Setting Business Search Criteria
The Bureau of Labor reports that 20% of new businesses fail during the first two years of being open. 45% fail during the first five years, and 65% fail during the first ten years. Only 25% of new businesses make it past 15 years. Risk is greatly reduced when buying an existing company versus a startup.
Why Buy a Company?
Get everything you need to start making offers. Download free resources to own a business with less money and minimal risk. You will get:


  • Letter Of Intent To Make Offers

  • A Business Plan Template to Get Funding

  • Business Closing Checklist to Not Miss any Details


These resources will help you avoid the most common mistakes and become a successful business owner. Every entrepreneur needs to know how to buy a company to leverage their potential. These tips for buying a small business will be helpful when buying the following types of companies: 

Target a business to buy by creating search criteria. Limit the opportunities to only those that match your skillset, resources, and experience. Focus on companies that you are qualified and equipped to own. There is a business for every level, and your first acquisition may be smaller than you desire, but start from where you are and continue acquiring companies until you meet your goals. The criteria should include the following:
You can buy a business with little or no money if you have a business plan structured to service the debt incurred by buying the company. A typical deal structure will include a seller note of 10% to 30% or more. A lender will finance 70% to 90% of the deal. Good deals attract money as long as you are persistent and prepared to overcome objections. 
Making an offer and getting it accepted by the seller is the most crucial part of buying a company. Getting an offer accepted by a business owner takes technical knowledge, emotional IQ, and patience. An offer should come as a Letter of Intent (LOI). Download the LOI Template included in the Business Buyer Toolkit. Fill out the form accordingly, and send the LOI to the business owner. The LOI is non-binding and should only contain the major items like the total price and terms. Getting a mutual agreement on the LOI is the first step.

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Closing the deal requires a purchase and sale agreement that finalizes the terms of the deal. It will stipulate how long the due diligence period will be. You will examine all financial records and operations during the due diligence period. Discovering details that were not disclosed in the initial business description is typical. You can walk away from the deal or renegotiate if something unacceptable is found during due diligence.
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Letter of Intent
Closing The Deal
Download Free Resources
Industry
Net Profit
Geography
Revenue
Number of Employees
Save small details for the purchase and sale agreement that will come later in the process. Focus on high dollar points like terms and purchase price. Remember that the LOI is not binding, so don't worry if you miss something. Details that are missed can be included later in the Purchase and Sale Agreement. Your attorney will be responsible for transforming your LOI into a Purchase and Sale Agreement and protecting you legally.