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:
|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|