Buying a Business
Do you have an opportunity to purchase an existing business? Or considering a franchise? The SBDC can be an invaluable resource!
Is Opportunity Knocking?
Buying an existing business comes with numerous benefits. You get a head start with an established customer base, proven revenue streams, and operational systems in place. It’s a shortcut to entrepreneurship without starting from scratch.
Expert Advising: Buying a Business
At Solano-Napa SBDC, we’re committed to your success. Here’s how we can help you navigate the process of buying an existing business or franchise:
Thinking of acquiring a business? Our experts conduct thorough feasibility analyses to assess the potential success of your venture. We examine market trends, competition, and financial projections, providing you with a comprehensive understanding of the business landscape.
Crafting a solid business plan is essential for any prospective business owner. We assist you in developing a detailed roadmap, outlining your goals, strategies, and financial projections. A well-structured plan not only guides your actions but also attracts potential lenders and investors.
Securing the right funding is a critical step in buying a business. Our experts help you navigate through various financing options, including loans, grants, and investor partnerships. We work closely with you to create a funding strategy tailored to your business acquisition needs.
Valuation and Lease Review
Understanding the true value of a business and negotiating lease terms are key components of a successful acquisition. Our team offers expertise in business valuation, helping you determine a fair purchase price, or acting as a third party if you are dealing with a broker and want input. We also advise in negotiating favorable lease agreements to set the stage for your business ownership.