RE/MAX
Realtec Group
Buying or Selling a Business
Many
people buy businesses for several reasons:
1- Self-employed: you are the
boss!
2- Tax advantages
3- Earn more money!
4-Tremendous growth
potential.
For example (
simplified for
illustration purposes only),
A business that nets
$100,000/yr
may cost
$200,000 -80,000 downpayment
would leave
$120,000 balance to be financed
Say
you decide to take
$40,000 salary for 2 years
:100,000-40,000=60,000
net profit (1st year) 100,000-40,000=60,000
net profit (2nd year)pay off the
$120,000 (with
profit from the two years)The following year you
can continue with the $ 100,000/yr income. In the meantime, you are debt
free and you have a business worth at least $200,000 with the potential for
growth.
If interested in
selling or buying a
business,
E-Mail me
with the following information:
| Buying |
Selling |
| Type |
Type |
| Location |
Location |
| When needed |
Price |
Maximum downpayment available |
Terms |
When
selling, in order to evaluate your
business, the following is required:
last 3 years
corporate tax return
last 3 years financials(for
businesses valued $1,000,000+, a detailed memorandum package is recommended.
This involves an upfront
commitment fee)