Question 1

How do I buy a business?

Accepted Answer

Start by defining your budget, preferred industry, and target location. A buyer's broker (free to you — the seller pays) can show you listed and off-market opportunities, help you evaluate financials, negotiate the deal, and coordinate closing.

Question 2

How much money do I need to buy a business?

Accepted Answer

Most acquisitions require 10-30% down. SBA 7(a) loans cover up to 90% of the purchase price. Seller financing is common — many sellers carry 10-30% of the deal. A business with $200K in annual profit might sell for $400K-$800K.

Question 3

What should I look for when buying a business?

Accepted Answer

Focus on clean financials (3 years of tax returns), a transferable lease, low owner-dependence, recurring revenue, and a clear reason the seller is exiting. Avoid businesses where all the value walks out the door with the owner.

Question 4

How much is my business worth?

Accepted Answer

Most small businesses sell for 2-4x annual profit (SDE or EBITDA). The exact multiple depends on industry, location, financials, and growth potential. A licensed broker can give you a confidential, no-obligation estimate.

Question 5

Do I need a broker to buy or sell a business?

Accepted Answer

A broker handles valuation, marketing, buyer screening, negotiation, and due diligence. Sellers with brokers typically net 15-25% more. For buyers, a broker costs nothing — the seller pays the commission. Either way, a qualified broker protects your interests.

Question 6

How long does it take to buy or sell a business?

Accepted Answer

Selling takes 6-12 months on average. Buying takes 3-6 months from first contact to closing. Clean financials, fair pricing, and a licensed broker speed up both sides.

Question 7

What is due diligence?

Accepted Answer

Due diligence is the deep dive before closing — verifying financials, reviewing contracts and leases, checking legal compliance, inspecting equipment, and confirming customer relationships. Buyers should budget 30-60 days for this phase.

Question 8

Do you cover my state?

Accepted Answer

Yes — we cover all 50 states. Florida sales are handled directly by a licensed broker. All other states are served through our vetted REMAX Commercial referral network. Submit a request and we'll match you with a qualified local broker.

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