Buying and Selling a Small Business
Break it down into manageable pieces of action or evaluation at a time
Starting a company from scratch can be daunting. Maybe that’s why the idea of being able to “turn the key” and walk into a business that’s already in full operation is so appealing. The new owner instantly gains a name, employees, vendors, customers and income. But buyer – and seller – beware. The sale of a business requires time, research and careful planning, even if professional advisors help with the process.
The TSBDC provides this and other guides for you to use at tsbdc.org/downloads.
Here is what you’ll find:
- p. 4 — Buyers & Sellers: Must dos, and the many facets of a business sale
- p. 5 — Financial Documents, Ratio analysis Business Plan & Financial Statement: Asset Management, Debt Management, Cash Flow Statement, profitability etc…
- p. 10 — Financing & Pricing a Business: Business Quality rating, asset value & interest expense etc.
- p. 12 — Buyers Personal Finances: Personal financial health is an indication of business financial behavior
- p. 13 — Loan Request: 1-2-3 Method for Loan Decisions.
- p. 14 — Purchase, Sale Agreement & Closing
📌 Access the complete guide created by the TN Small Business Development Center here.