Calhoun Companies

Buying a Business or Franchise

Minnesota Brokerage

Here are 14 things to consider when determining the advantages of
buying a business over starting one from scratch.

 

     

Buying

Starting

1

CUSTOMERS

Will your business have an established customer base?

Yes

No

 

2

PRODUCT OR SERVICE

Has the product or service been accepted by consumers yet?

Yes

No

 

3

EMPLOYEES 

Will you be equipped with trained and dedicated employees?

Yes

No

 

4

CASH FLOW

Will your business have a positive cash flow?

Yes

No

 

5

SURVIVOR 

Has your business passed through the initial 80% failure rate period?

Yes

No

 

6

EXCELLENT BARGAINS 

Are there any existing bargains to be found?

Yes

No

 

7

OPERATING PROCEDURES

Have the standard operating procedures been developed and communicated?

Yes

No

 

8

GOVERNMENTAL REPORTS 

Have the numerous reporting requirements been addressed and implemented?

Yes

No

 

9

HARD ASSETS 

Are the hard assets required to run your business part of a package deal at no additional cost?

Yes

No

 

10

INTANGIBLE ASSETS 

Will your business have any goodwill, such as public acceptance, employee efficiency, and customer loyalty?

Yes

No

 

11

SELLER COACHING 

Will you have the benefit of a previous owner able to train and coach you?

Yes

No

 

12

SELLER FINANCING 

Is the seller willing to finance part of the business purchase price?

Yes

No

 

13

BANK FINANCING 

Are banks more willing to finance you on the merits of the business?

Yes

No

 

14

INSTANT EQUITY 

Can you get instant net worth from your new business?

Yes

No

 

Interested in buying a business? Start by searching our listings to the top right.

 
Buy a Franchise

Business Brokerage &
Commercial Real Estate
Services

Buying: Search our listings of businesses for sale.

Selling: Call or contact us to learn more about our complimentary business valuation.

Commercial Real Estate: Inquire about buying, leasing or selling commercial properties.