The main reason why people buy a business is for financial independence.  Working for another company does not offer the income potential or flexibility like owning your own business. Your interest in becoming a business owner is what drives the American economy.  America’s 22 million small business owners are the backbone of our country’s free enterprise system. Some economists have said that America as a nation would not have endured without the firm foundation of leadership provided by the business owners in each community.

As an owner you can build equity, increase your income and benefit from some of the tax advantages that business ownership provides.

There are five basic steps to follow when buying a business. At Pious & Associates we make the process simple.

Step 1 Locating a business that is right for you
Step 2 Valuation of the business
Step 3 Making an offer/Negotiations
Step 4 Financing
Step 5 Due Diligence/Closing

Pious & Associates will work with you to find the right business that suits your goals and lifestyle. It is important that you are working with someone who will help you ask the right questions, helping you to determine which business is the right fit for you. Using our listings, the internet and other local sources, Pious and Associates will work tirelessly to help you find the perfect fit.

Once you have located the right business, we will assist you in making sure it is valued properly. Our experience in business valuation will assist you in paying the correct price for the company.

You have now determined the value of the business; it is time to make an offer. Our experience and ethical standards will represent you during this critical stage of the buying process.

When it comes time to financing the purchase, we will be by your side, assisting you in creative ways to borrow the needed funds. Many transactions include some sort of seller financing. Other sources of financing are personal savings, SBA loans, Banks (asset based or cash flow based loans) and new creative ways to tap into retirement savings without paying early withdrawal penalties.

The due diligence and closing process is when you have the opportunity to examine all the business records and if needed spend time with the owner of the company. This is your chance to ask every possible question that pertains to the purchase. We encourage that you share this financial information with your own personal accountant and attorney. If you need some recommendations for these services, we will assist you in locating the proper professional to meet your needs. At the closing your attorney will walk you through the final stages of your purchase.