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Thinking of Owning Your Own Business? Or perhaps
you are looking to acquire a business for expansion?
Never has there been A MORE opportune time
to a buy an established business. Corporate down-sizing due
to restructuring allows experienced corporate managers to venture
into new opportunities.
Likewise, the emergence of e-technology allows for expansion
into new markets and territories. So if you're thinking of buying
a business, have along side a business advisor who can help
you select the right opportunity.
The Novars Group Approach
It is called finding the
right business: some buyers have a definite
idea of the type of business they need. Many other buyers
don't have a clue. Most Buyers have never bought into or own
a business, and a few of them have a solid understanding of
what they want or what they are getting themselves into.
Meeting with a Novars Group advisor can help answer questions
about business ownership. We offer first-hand knowledge of
business transfer, business start-up, and success management.
Our profile analysis will help you pick the right business
and role.
It is called finding a business
that is profitable and affordable: how much
profit do you need from a business cover your operating margins
and basic needs? Any acquisition should meet your minimum
financial needs.
Most first time buyers are replacing a guaranteed salary
and benefits with the uncertainty of business profits. Your
cash position from a business must return a salary, pay the
acquisition costs of financing your purchase, provide working
capital for operations and expansion, and give yourself a
cushion for emergency and other unforeseen events.
We work with individual buyers analyzing the cash position
of a business acquisition. Our formula of success allows you
to make decisions that provide comfort
It is called avoid paying
above the market value: one of the biggest
concerns when taking over a business is paying too much for
it. Even a good business buy may take years of hardwork to
recover your investment -- excess capital that would be better
spent on expansion and streamlining.
Look for the seller to show you a professionally prepared
"independent" business market valuation report.
Review the report with your advisor. Analyze the numbers against
your financial objectives prior to making an offer.
Remember that unless you have a Finders Agreement with a
Business Broker, he/she will be representing the interests
of the Seller. Our pledge to you is to always represent a
business fairly. But our advice (as should be the advice of
any broker you work with) is to seek independent advice on
your review and decisions.
It is called not having any
surprises: do your homework on the business
and on the industry prior to making a buy commitment. Know
what will be expected of you as the new owner. Be sure you
can afford the business, the down-payment, the financing costs
and the time commitment.
Our Business Buying Commitment
The Novars Group model ensures that the business information
on your target business is prepared and well organized. You
will have ready access to all information so that you can
make an informed buying decision.
Regardless of who you are working with, you should always
require the following:
- Insist on seeing income tax and sales tax returns for
the last few years. Match these returns to the business
financial statements.
- Be very careful when the seller tells you that he shows
a low income because he takes cash from the register. Even
if this is true you should never pay a premium for a business
based on this. Only pay for things you can verify.
- Many small business owners minimize their income tax
effect on profit by writing-off everything they can. The
business broker should re-cast the business financials to
reflect its true underlying performance. Be sure that any
reconstructed financial statements are fully reconcilable
to the actual statements and tax returns.
Types of Buyers We Represent
The Novars Group works with three types of buyers:
Individual Buyers
Corporate Buyers
Private Equity Investment Groups
The Novars Group only works with serious, motivated buyers.
Certain requirements will be fulfilled before we present a
buyer with a business opportunity. Let's review these:
- The prospective buyer may be asked to complete a Personal
Profile, which will include buyer information and a current
resume.
- We will request a personal financial statement listing
the buyer's current assets, liabilities, and their financial
commitment to enter a transaction.
- Individual buyers will be asked to provide bank and personal
references.
All of the above information is kept confidential. It will
not be shared with any business owner or third party without
the written consent of the buyer.
We personally interview each buyer to determine their commitment
to the actual purchase of a business. We will coach them on
financing, due diligence, placing an offer, closing, and other
processes of buying a business.
Our objective is to match the buyer to their business of
interest. We want to ensure that the potential transfer is
the right one for the buyer and seller.
Let's begin by calling: 703-319-1565
or send us a quick email: info@novarsgroup.com
Corporate buyers purchase existing businesses for many reasons.
They may want to:
- move into new markets
- pick up new customers
- expand their product line
- offer a service to round out their product offering
- increase sales
- buyout the competition
- other: __________
The Novars Group can assist any existing company looking
to buy. We can facilitate the search of existing companies
for sale through our nBuySell listing of businesses and through
our national database representing over 1500+ offices nationwide.
We can research any market and approach any company on your
behalf keeping your company name totally anonymous.
Let's discuss your needs by calling: 703-319-1565
or send us a quick email: info@novarsgroup.com
Private Equity Buyers include investment groups who invest
in businesses that generate attractive returns on their investment.
Their criteria is generally more stringent than some individual
and corporate buyers.
They look for business that have strong management teams,
operate in unique markets, are well positioned for growth,
and maintain a strong competitive advantage.
If you are a private-equity group or investment team looking
for particular business buy opportunites, send us a quick
email to discuss your objectives: info@novarsgroup.com
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