Are you an Entrepreneur?
Attributes of an Entrepreneur
- An entrepreneur is highly independent.
- An entrepreneur is a visionary.
- An entrepreneur accepts higher risks.
- An entrepreneur is somewhat of a loner.
Q: What does it cost to buy a business?
A: LIBERTY BUSINESS ADVISORS works with each seller to establish a fair price for their business. Expect the down payment to equal the seller’s net income.
Why Entrepreneurs Buy Existing Businesses
- Return on investment in one year
- Instant cash flow
- Company has established credit history and relationships with vendors
- Trained employees
- Company has established customer base and reputation
- To secure a life-long job
The following are actual businesses, which buyers have recently purchased through LIBERTY BUSINESS ADVISORS offices:
| Business | Net Earnings/ Down Paymt. |
Gross Sales |
Sold Price |
Type of Buyer |
| Furniture Manufacturer | $1,200,000 | $12,400,000 | $6,500,000 | Family trust |
| Embroidery Company | $884,000 | $6,300,000 | $3,100,000 | Tired of traveling salesman |
| Label Manufacturer | $600,000 | $2,100,000 | $2,645,000 | VP tired of Corporate America |
| Construction Equipment Rental | $500,000 | $7,350,000 | $1,800,000 | Unemployed executive |
| Baseball Cap Manufacturer | $407,000 | $5,500,000 | $1,655,000 | Advertising executive |
| Muffler Manufacturer | $194,906 | $1,500,000 | $840,000 | Automotive executive |
| Big Men Clothing Manufacturer | $75,000 | $650,000 | $400,000 | South African wanted a visa |
| Restaurant Equipment Manufacturer | $50,000 | $220,000 | $102,000 | Unemployed engineer |
| Computer Distributor | $81,000 | $1,150,000 | $275,000 | Australian wanted to enter US market |
| Pizza Restaurant | $72,000 | $420,000 | $70,000 | Unemployed manager |
| Printer | $90,000 | $525,000 | $274,000 | Manager wanted her own business |
| Fabric Distributor | $185,000 | $1,018,000 | $244,000 | Couple wanted their own business |
| Machine Shop | $140,000 | $325,000 | $345,000 | Machinist wanted his own business |