What are the key steps to a successful business or franchise search process?

By northbridgebusinessadvisorsllc October 4, 2016

Whether you are buying a business or investing in a franchise here are some things to consider preparing as part of the process: A self assessment: Ask yourself why you want to buy a business. What types of work activities do you like and what kind of lifestyle do you want to pursue? It’s importan...

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What is the due diligence process?

By northbridgebusinessadvisorsllc October 4, 2016

Merriam-Webster Dictionary defines due diligence as “research and analysis of a company or organization done in preparation for a business transaction.” Ultimately, due diligence is the process of being sure that things are as they appear before a deal is finalized.  The review of docum...

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What are some creative financing options?

By northbridgebusinessadvisorsllc October 4, 2016

Creative financing is normal for today’s business buyer. There are a number of options that you can consider. Seller Financing – Increasingly, buyers and lenders are looking to the seller for financing at least part of a transaction.  In such a scenario, the seller will hold a note at an a...

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What are the benefits of buying a business instead of starting one?

By northbridgebusinessadvisorsllc October 4, 2016

There are certainly pros and cons to both buying and starting a business. The risk factors may favor purchasing an existing business. According to Michael Gerber, author of The E-Myth Revisited, 40 percent of new businesses fail in the first year and 80 percent fail within five years. On the other h...

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