Monday, February 08, 2010

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Hendersonville, TN 37075
phone 1: (615) 400-2150
fax: (615) 822-5087

Buying a Franchise: What It's Worth to You

If you are considering entering the world of franchising, an important consideration is assessing the value of the business. All of the following factors either affect or help determine valuations of typical franchise operations.

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Today's Business Buyer: A Profile

Today's independent business marketplace attracts a wide variety of buyers eager for a piece of ownership action. Buyers of small businesses are most likely replacing lost jobs or searching for a happier alternative to corporate life. Buyers of mid-sized and large operations are, typically, private investment companies seeking businesses to build and eventually sell for a profit.

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The Value of a Business: Get to the Heart of the Matter

To find the real value of a business, we must go to its very heart: the attitude, work habits, managerial style, customer/marketplace savvy, and community reputation of the person in charge.

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What Is a Company Worth?

This question can only be answered by addressing other related questions, specifically: Who’s asking and for what purpose?

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Why Do People Go Into Business?

41% joined the family business;36% wanted more control over their future...

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Dispelling a Buyer Myth

Most prospective business buyers really don't know from the outset the exact type of business they want to buy. Experienced business brokers and intermediaries know that many business buyers end up with what is sometimes a far cry from what first captured their imagination.

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Creating Value in Privately Held Companies

Creating value in the privately held company makes sense whether the owner is considering selling the business, plans on continuing to operate the business, or hopes to have the company remain in the family. 

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Buying (or Selling) a Business

The following is some basic information for anyone considering purchasing a business. Is may also be of interest to anyone thinking of selling their business. The more information and knowledge both sides have about buying and selling a business, the easier the process will become.

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A Buyer's Quandary

Statistics reveal that out of about 15 would-be business buyers, only one will actually buy a business. It is important that potential sellers be knowledgeable on what buyers go through to actually become business owners. This is especially true for those who have started their own business or have forgotten what they went thorough prior to buying their business.

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What Do Buyers Really Want to Know?

Before answering the question, it makes sense to first ask why people want to be in business for themselves. What are their motives? There have been many surveys addressing this question. The words may be different, but the idea behind them and the order in which they are listed are almost always the same.

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Tennessee Business Brokerage is a full-service business brokerage firm, specializing in the sale of small-to-medium size businesses. Our passion is working with small businesses. Whether you are a business owner ready to sell your business, or a first time buyer, we can help. 

We are trained to handle all aspects of buying and selling businesses.

The broker you choose, will affect you and your new business or the sale of your business, for many years to come. Tennessee Business Brokerage provides a personal, experienced, conscientious, and confidential approach to selling your business. Our business is selling your business. We actively work to make the sale of your business a positive experience for all parties. We are a fulltime, full service business brokerage. Your success is our success.

When we list a business for sale, we carefully review the history, operation, potential, and value of your business. If we see any opportunities to improve the marketability of your business, we will make you aware of them. We then market your business, taking great care to maintain your confidentiality. We manage the selling process all the way through to the closing, and then tie up any loose ends, to give you the best possible results. Our goal is to sell your business at the best price, manage the many details, and have you leave the closing with the knowledge that choosing Tennessee Business Brokerage was absolutely the right decision.

We work with buyers to learn their strengths, finances, experience, needs, likes, dislikes, and yes, even shortcomings in order to match you to the best opportunity. We find the opportunities, present them, and then assist in evaluating the potential of each opportunity. We want our buyers to be successful in their new business. We also assist buyers who want to pursue franchise opportunities. In conjunction with The Entrepreneur Authority, we strive to match buyers with the best opportunity for their skills, likes, and financial ability.

Our job is to work diligently to get the business sold confidentially and professionally. Both business owners and buyers appreciate the professionalism, integrity, and confidentiality, that are our characteristics.

 

"I needed to know the value of my business so that I could better navigate this economy. Working with Tennessee Business Brokerage has helped us to have a valuable resource in continuing to grow our sales and bottom line. Tennessee Business Brokerage is a big part of why we are successful today".
- Catlin Hale, PH Technologies

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