Selling or buying a business is one of the most important financial and emotional decisions for many people. LNT Global is an experienced and competent Business Broker, which gives sound advice, perform due-diligence and guide you through the whole sales or purchase process in a comfortable and efficient manner. We coordinate the efforts of professional advisors such as lawyers, accountants and bankers, always ensuring that important information is communicated clearly and competently. The presence and involvement of a Business Broker like LNT Global has become increasingly important for all buying and selling of businesses, as seasoned Business Brokers would have the necessary experience to handle all types of business transactions with different levels of complexities.
Selling A Business
WHY USE A BUSINESS BROKER?
Selling a business can be a very long, complex and emotionally draining ordeal, which can add unnecessary stress to your already busy life. As an experienced business broker, LNT Global have helped many individuals and corporate entities like you and we know what buyers are looking for. By engaging LNT Global, you will also avert potential legal problems which may arise from disputes with buyers due to unfamiliarity in handling the various agreements, documents and processes involved. We will guard your best interests when selling your businesses and try to achieve the best possible results, leaving you with peace of mind to focus on running your day-to-day business activities. We handle the whole process of selling your businesses from start to end:
- We help to properly assess the value of your businesses.
- We save your precious time, energy and resources by providing comprehensive and strategic marketing process to reach out to existing and potential buyers.
- We handle inquiries, screen buyers, and exercise due diligence to protect confidential information.
- We coordinate the relevant services of trustworthy professional advisors such as lawyers, accountants and bankers as and when the needs arise.
- We negotiate the best terms and conditions for you.
- We act discreetly so the sale process will not affect the morale or attitude of your customers, employees, competitors, lenders, suppliers, investors, or other business associates.
In summary, LNT Global guides you through the whole selling procedure and ensure compliance on legal requirements to complete a successful sale. We work for you and guard your best interest; yet, always remember that you have the final say and you are in control. Therefore, it is important to engage an experienced Business Broker who understands that they have fiduciary duties to you. With us, you just sit back, relax, and enjoy the smooth ride.
THE SEARCH FOR BUYERS
During the marketing stage, the seller’s responsibility is to continue to run the business as if he is going to keep it. Our job is to safeguard all confidential information provided by the seller, actively market the business, find and qualify all potential buyers and negotiate the terms of the sale. LNT Global has a fiduciary responsibility to the sellers to only show businesses to those buyers that will abide by the confidentiality guidelines.
Potential buyers are required to review and sign a non-disclosure agreement, which outline his/her responsibility in safeguarding the seller’s private data. This occurs before any detailed information concerning a specific opportunity/confidential information is released. LNT Global is committed to protect the confidentiality of the business sale. This is the preliminary step to protecting the seller’s confidential information.
LNT Global understands that public knowledge of a potential sale can affect the morale, behaviour, attitude and actions of employees, customers, competitors, lenders, suppliers, or investors, and thus the value of the company. We safeguard and release appropriate information only to involved parties.
HOW LONG DOES IT TAKE TO SELL A BUSINESS?
It usually takes longer to sell a business than a house or a commercial building. Because of the confidential nature of a business sale, a business broker cannot put a For Sale sign on the window. The average time to sell a business is usually between six to twelve months. However, there are exceptions. Some businesses may sell within a month of being put in the market. Others may take several years to attract the right buyers. LNT Global seeks out and talks to buyers everyday. The next one may be just the right buyer for your particular business.
Buying A Business
WHY USE A BUSINESS BROKER?
A professional Business Broker like LNT Global is instrumental in connecting you to the businesses you desire. LNT Global has substantial stocks of businesses-for-sale in various fields, thus saving your precious time, energy and resources in finding the right businesses that fit your financial goal, experience, aspiration and lifestyle. LNT Global is an experienced facilitator between you and the business owners. We can effectively relay offers, discuss terms and conditions, as well as negotiate win-win transactions, ensuring smooth completion of all deals. In addition, LNT Global has psychologically prepared the sellers for the sale of their businesses and takes special care of the emotional attachment the sellers may have formed with the businesses that they have painstakingly built over the years. Moreover, since you will most likely need the sellers to train you after the purchase, it is a good idea to use an expert broker like LNT Global to ensure cordial relationships with business owners. Most importantly, owners are usually more transparent when dealing with a professional business broker in comparison to dealing with direct buyers.
Any business purchase requires a tremendous amount of negotiation, coordination and documentation. LNT Global makes it easy for you to make your decisions as we pre-qualify the businesses in our stocks. We assemble detailed information about the businesses, prepare complete financial statements and organize the necessary legal documents for your reviews. LNT Global is the only place you need to visit to find the right businesses and fulfill your dreams, as we provide complete assistance in business buying from start to end.
WHY BUY A BUSINESS INSTEAD OF STARTING A NEW BUSINESS?
The decision on whether to start a new business or buy an existing business pivots mainly on both financial and personal issues. New start-ups almost always encounter countless stumbling blocks that slow down the company’s progress and may even put its future in jeopardy, creating a great deal of stress for the management team. Obtaining financing to purchase an existing business that has assets and cash flow is often easier than securing capital for a start-up venture.
When you buy an existing/established business, you know the accomplishments of the business and you have an income from the day you take over. You can immediately focus your energy on running and improving the business. The sellers have already taken care of the heavy lifting associated with starting the business. They’ve built the infrastructure with operational necessities such as computers, phone systems, and furniture. They have developed operation procedures and policies, and they have forged intimate relationships with suppliers, customers, and various legal & financial experts. These are all things that take an enormous amount of time, money and energy and don’t always generate direct or immediate cash flow. Additionally, there may be other intangible benefits associated with buying an existing business, such as an established brand, trademark, copyrights, as well as a proven customer base, business model and a team of trained employees. If you start a new business, you face a lot of uncertainty over the success and desirability of your products or services. Buying a business takes a lot of the initial risk out of your decision.
WHAT IS THE BEST BUSINESS TO OWN?
Most buyers want to own a well-managed, profitable business in an industry that holds a personal interest for them. On the other hand, some buyers may look for opportunities that offer great potential, where they can apply their special skills. In general, there is no particular industry that is better than another. However, there are specific businesses that are more successful than others – even in the same industry.
HOW IS THE OFFER STRUCTURED?
There are many ways to buy and offer a desired business. Sellers generally prefer to receive all cash at closing and some buyers are able and willing to accommodate them. However, buyers usually try to get the best leverage over their capital into the biggest business they can buy. Buyers always try for a no-money or low-money down offers; however, it is very rare that they will succeed. This is because the lender, whether it is the seller or a bank, wants the buyer to show his commitment to the business by having vested financial interest in its success.