Seller financing, also known as owner financing, is a creative way to buy a business where the seller acts as the bank. Instead of getting a traditional loan from a financial institution, the buyer makes payments directly to the seller over time. Think of it like this: instead of paying the full price upfront, you agree on a p
...Read MoreIf you’re exploring the idea of buying a business, you’ll likely come across the term EBITA. It sounds like financial jargon, but it’s actually a straightforward concept that can help you understand a company’s financial health. EBITDA stands for Earnings Before
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So, you’re thinking about buying a business. Exciting, right? But before you sign on the dotted line, there’s something you need to know about: business sale contingencies. These are the “what if” clauses in a purchase agreement that protect you,
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A solvency certificate is an official document issued by a financial institution, government authority, or a certified professional (like a chartered accountant) that confirms an individual or business has sufficient assets to meet their financial obligations. In simpler terms, it proves that you or your b
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When buying a business, there are many ways to structure the deal. One common method is through an earn-out agreement. But what exactly is an earn-out agreement, and how does it work? Let’s break it down in simple terms.
An earn-out agreement is a deal where the b
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If you’re new to buying a business, you’ve likely heard the term Letter of Intent (LOI). It might sound formal, but it’s really just a way to say, “I’m serious about buying this business, and here’s how I think we can make it work.” It’s not the final deal, but it&rsqu
...Read MoreWhat is a Non-Compete Clause?
Imagine this: You’ve just bought a well established local gym. You’re excited about the potential, the loyal customer base, and the steady revenue. But a few months later, you discover that the previous owner has opened a new gym just a few blocks away. They’ve taken their expertise, client relationshi
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If you’re stepping into the exciting—and sometimes overwhelming—world of buying a business, you’ve likely heard the term “purchase agreement” tossed around. But let’s be honest: it sounds like one of those dry, legal terms that makes your eyes glaze over, right? Don&
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If you’re new to the world of business, you might have heard the term “due diligence” thrown around, especially when it comes to buying or selling a company. But what exactly does it mean, and why is it so important? Let’s break it down in simple terms.
Due diligence is li
...Read MoreWhy would anyone consider buying a struggling business for sale? Most buyers aim for profit, growth, or owner-absentee businesses that can generate passive income, right? But what many new buyers don’t realize is that a struggling business can be a hidden gem for those with vision and determination
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Buying a business is a big deal. It’s exciting, nerve-wracking, and full of possibilities. Once the contract is signed and the business is officially yours, it’s natural to feel eager to dive in and start making changes. After all, you probably bought it because you saw po
...Read MoreRetirement can be an exciting chapter—a chance to embrace freedom, travel, and finally check off that bucket list. For many, it’s a time to relax and let go of stress. But for others, like former President Trump once said, “to retire is to expire.” If you’re not ready to slow do
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You might not make it or break it with your first investment, and yeah it is scary and exciting at the same time. But as an experienced business buyer,you want to play your cards right. Don't go into a deal too quickly, make sure you've covered everything about the company fo
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Buying a business is a significant step, often accompanied by a mix of excitement and nervousness. However, not all businesses are created equal. Some, like ATM routes for sale, are relatively straightf
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