your next opportunity starts here
Buy confidently, strategically, and aggressively with Legacy Business Transitions on your team.
Let’s TalkIs Now The Right Time
To Expand My Portfolio?
Many factors play into that decision. Let's take a look at some commonly asked questions.
How do I know if buying a business is the right choice for me?
Buying a business is a great option if you want to skip the challenges of starting from scratch and take over an existing operation with customers, revenue, and a proven business model. However, it requires financial investment, industry knowledge, and a solid plan for growth. If you’re ready to manage and improve an existing business, it could be a great fit.
How much money do I need to buy a business?
The cost of buying a business varies widely based on industry, size, revenue, and location. Beyond the purchase price, consider working capital, operational costs, and potential improvements. Financing options like SBA loans, seller financing, or investor partnerships can help if you don’t have the full amount upfront.
How long does it take to buy a business?
The timeline varies based on the size and complexity of the business, but it typically takes a few months to a year. Steps like negotiations, due diligence, financing, and legal paperwork can extend the process. Being prepared and working with experienced professionals can help speed things up.
Can I get financing to buy a business?
Yes, several financing options are available, including SBA loans, traditional bank loans, seller financing, investor partnerships, and personal savings. Some sellers are willing to finance part of the sale, making it easier for buyers to acquire the business with a smaller upfront investment.
