Business FAQ
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We know that there’s a lot on your mind right now. Let us help to ease the mental load by offering some answers to your questions. If you have inquiries that haven’t been answered here, or would like to connect with our team for any reason, we’d love to hear from you! There isn’t a question that’s out of the question for our team, so ask away!
Everything You Need to Know
About Buying and Selling a Business
After we determine that you are interested in maximizing the profitability of your business, we will create a short contract outlining the details of the services we provide and lay out the path on how we will acquire documentation and move forward to create a plan.
We see each client and their company as unique and therefore the amount of time we work each varies. In general, we offer two to five day on-site services initially and then continue on an as needed basis.
In order to benefit you to the fullest, we request that our clients provide reports, financials, corporate and banking documents, and any agreements for us to review.
We offer a sliding scale from $1000 – $5000 depending on the complexity, size, and needs of the business. Reach out to us for a custom quote that takes your goals and company into consideration.
Van Isle Business Brokers works side by side with you to determine the profits from your business currently, to determine the value for a new owner. From here, we also look at the market sales data of comparable businesses in the same industry and create a justifiable listing price for your company. The way that we determine if the listing price is justifiable is by ensuring the three main criteria that every business buyer looks for in a new venture.
- It is crucial that the business offers the buyer a living wage.
- The profits of the business must meet or exceed the payments of any debt used when purchasing the company.
- The business must offer the buyer a return on their investment into the business after the buyer has taken a salary and covered their debt payments.