Buyer FAQ

Am I ready to buy a business?

Buying a business is a major lifestyle change, so you’re right to wonder if you’re ready to buy a business. It often requires long hours and a total commitment to all the business' needs and challenges. You can find yourself watching every detail to ensure success. A business purchase also requires a serious financial investment and always deserves comprehensive research.

You also get a lifestyle that can’t be found anywhere else: you can be on your own and make your own decisions.

Ultimately, the decision is up to you. Talking to a Venture Connect Advisor can help you choose the right path.

I’m not certain about the whole buying process. Can I talk to a real person?

Absolutely. Call our toll-free number: 1-855-421-0082 and we will be happy to answer any questions you have and walk you through the process.

Can I get financing to buy a business? What are my options?

Venture Connect does not provide financing, but we can help you with compiling and organizing the information for a loan application.

Loans can be obtained from banks, Credit Unions, private lenders, and our affiliates-Community Futures.

It is also possible that the seller may be willing to finance part of the transaction.

I don’t know what kind of business would suit me. What should I do?

Venturematch is a 5 minute quiz to find out what industry your personality is best suited for.

Answer the easy questions, then use the results to find businesses that are of interest to you.

To proceed, click on the button below.

How are businesses valued?

Unfortunately, there is no simple method. Numerous formulas are used to determine business value. Valuation of a business is best accomplished by a professional with experience in that business’s local market.

Remember that business value is ultimately market driven and subject to the motivation of both the buyer and the seller to accept the terms of the agreement.

Obtaining a price determination is valuable for buyers, as explained by one of our client:

“I had worked for 27 years in retail management and wanted to buy a small retail business, but had no idea how to determine fair value for an existing business. The business valuation support and sale mediation services from the Venture Connect Advisor, gave me the knowledge and support needed to confidently proceed with this acquisition.”

The  decision to move forward was a win for the seller and the buyer. But it’s also a win for community locals and visitors who can continue to enjoy a retail institution that is part of the town’s charm and vitality.

Do I have to pay to access a listing?

No. On the Venture Connect website, you never have to pay to view business listings.

Why should I buy a business, rather than start my own?

There are many potential advantages to investing in an existing business:

  1. They are more likely to succeed than a new start up. 
  2. They have demonstrated that there is a customer base for the product or service.
  3. They have a history or reputation. 

When seeking financing for a business purchase, the existing cash flow from an established business may improve your chances of success. Some owners may also help supply financing.

Further, many sellers will stay and train a new owner. Finding someone who will teach you the intricacies of running the business will make an integral difference in your success.

What is the best business to own?

That depends on you. Most buyers want to own a profitable, well-managed business in an industry that has some personal interest to them.

Others buyers may look for opportunities that offer a potential flip, where they can apply their previous business experience.

If it fits your life style, and works within your financial constraints, then it is the best business for you to own.

What types of listings do you have on your site?

Our listings include all types of "Business for Sale" opportunities

Listings can be posted by business owners, REALTORS(s), business brokers, and other intermediaries such as lawyers and accountants.

What is a "due diligence" period about?

The due diligence period is time allotted to you to review all aspects of the business, including available financing, competition, market, client base, and all other issues that should be considered in purchasing a business.

Your accountant and attorney should review the financial and legal aspects of your purchase.

I have a suggestion for your website. How can I reach you?

If you have a comment or suggestion on how we can improve our website, please email us. We will respond as soon as possible.