Expert Guidance for Buying an Existing Business

Your Roadmap from Acquisition to Growth

Comprehensive Support for Entrepreneurs Acquiring a Business

Are you an entrepreneur looking to buy an existing business? Acquiring a business can be a complex process, but with the right guidance, it can also be a rewarding and profitable investment.

As a small business CFO and entrepreneur, I offer comprehensive services to support you buying a business.

Due Diligence

Financial Due Diligence: Uncovering Opportunities and Mitigating Risks

One of the most crucial aspects of buying an existing business is conducting thorough financial due diligence. This process involves analyzing the target company’s financial statements, identifying potential risks, and determining the true value of the business. As your trusted advisor, I will:

  • Perform financial due diligence (tax returns, bank statements, accounts receivable and payable)
  • Review and analyze financial statements
  • Identify and address any discrepancies or red flags
  • Assist in determining the fair value of the business
  • Develop financial models and forecasting to assess return on investment
  • Support you throughout the loan process, if financing is required

My expertise as an entrepreneur who has built and sold two businesses, combined with my financial expertise, allows me to provide invaluable insights and guidance throughout the due diligence process.

I will work closely with you to ensure that you have a clear understanding of the financial health of the business you are considering and the potential risks and rewards of the acquisition.

Learn more about Tyler Martin

Post-Acquisition Financial Services and CFO Support

Once you have successfully acquired a business, the real work begins. As a small business buyer, you will face new challenges and opportunities as you navigate the transition and work to grow the business. This is where my post-acquisition financial services and CFO support come into play.

As a CFO for your business, I will:

  • Develop and implement a comprehensive financial strategy aligned with your business goals
  • Establish a simplified scorecard system to track financial objectives
  • Provide ongoing financial analysis and reporting
  • Offer strategic guidance to help you make informed decisions
  • Work closely with your leadership team to ensure that financial and business goals are met
  • Have regular monthly meetings to ensure we are on track with our plan

With my support, you can focus on running and growing your newly acquired business with confidence, knowing that your financial strategy is in expert hands.

The Advantages of Buying an Existing Business

While starting a business from scratch can be exciting, buying an existing business offers several compelling advantages:

1. Established brand and customer base

2. Proven business model and market demand

3. Existing revenue stream and cash flow

4. Trained employees and established processes

5. Potential for immediate growth and expansion

By buying an existing business, you can mitigate many of the risks associated with starting a new business and benefit from the hard work and investment of the previous owner.

What to Look for When Buying a Business

When considering buying an existing business, there are several key factors to evaluate:

 

1. Financial health and profitability

2. Market demand and competition

3. Reputation and brand strength

4. Skilled employees and management team

5. Potential for growth and expansion

6. Alignment with your skills, interests, and goals

 

As your advisor, I will help you assess these factors and make an informed decision about whether a particular business is the right fit for you.

buying a business

A little About Tyler Martin

Tyler Martin is a unique financial expert who brings together the best of both worlds: entrepreneurial experience and financial expertise.

As a Certified Public Accountant (CPA) and a Chief Financial Officer (CFO) specializing in small businesses, Tyler has a deep understanding of the financial complexities that come with acquiring, growing, and selling a business.

What sets him apart is his hands-on experience as an entrepreneur. He has successfully built and sold two businesses, giving him invaluable insights into the challenges and triumphs of business ownership.

Tyler’s background allows him to provide not just financial advice, but also practical, actionable guidance that comes from having walked in your shoes.

He understands the importance of thorough financial due diligence when buying a business, as well as the critical role of strategic financial planning in driving growth and maximizing value.

Whether you’re looking to acquire a business, scale your existing company, or prepare for a successful exit, Tyler is equipped to be your trusted financial partner every step of the way.

Learn more about Tyler Martin.

Take the first step, schedule a no pressure Financial Insight Session with me, and let's embark on this journey together.

Frequently Asked Questions

How to buy an existing business?

Acquiring an established company involves several steps, including identifying potential targets, conducting due diligence, negotiating terms, and finalizing the purchase agreement. Working with an experienced advisor like myself can help ensure that you navigate the process smoothly and make informed decisions along the way.

How to get a loan to buy a business?

Many entrepreneurs rely on financing to purchase an existing business. Options may include traditional bank loans, SBA loans, and seller financing. I can help you explore your financing options and support you throughout the loan application process.

Can you get a loan to buy a business?

Yes, it is possible to secure a loan to acquire an established company. Lenders will typically consider factors such as the financial health of the business, your personal credit and financial history, and the overall strength of your acquisition plan.

How long does it take to buy a business?

The timeline for purchasing an existing business can vary depending on factors such as the complexity of the deal, the due diligence process, and financing requirements. On average, the process can take several months from start to finish.

Is buying a business a good idea?

Acquiring an established company can be a smart choice for entrepreneurs who want to minimize start-up risks and obtain a proven business model. However, it’s important to conduct thorough due diligence and ensure that the business aligns with your goals and capabilities.

What is a common drawback of buying a business?

One potential drawback of purchasing an existing business is inheriting any existing problems or liabilities, such as outdated equipment, employee issues, or legal disputes. Thorough due diligence can help identify and mitigate these risks.

What does it mean to buy an existing business?

Buying an existing business means acquiring an established company, including its assets, liabilities, and operations. This can offer advantages such as an existing customer base, revenue stream, and market presence, but also requires careful evaluation and planning.

What happens in the complimentary Financial Insight Session?

Our Financial Insight Session is a relaxed, no-pressure meeting where we get to know each other. We’ll meet via Zoom for a brief 15-20 minute chat, giving me a chance to understand your goals and the challenges you’re facing.

If I believe I can help you, I’ll offer you a complimentary Financial Assessment. This assessment provides an easy-to-understand, detailed overview of your business, which we’ll review together.

After discussing the assessment, we can determine if working together is a good fit for both of us. If so, I’ll outline the next steps to help you achieve your business and financial objectives.

Rest assured, this session is not a sales pitch. It’s an opportunity for us to explore how I can best support you on your entreprenurial journey.

Book your complimentary Financial Insight Session.

Resources

Checklist for buying a small business

Download PDF here (coming soon)

List of key professionals for your business buying team

Download PDF here (coming soon)

BizBuySell.com

https://www.bizbuysell.com/

BizBuySell.com is the largest online marketplace for buying and selling businesses. With a wide range of listings across various industries and locations, this platform is an excellent resource for entrepreneurs looking to acquire an existing business. In addition to its extensive listings, BizBuySell.com provides valuable tools and resources for buyers, such as valuation guides and due diligence checklists, making it a one-stop-shop for those navigating the business buying process.

BusinessBroker.net

https://www.businessbroker.net/

BusinessBroker.net is another powerful resource for potential business buyers. This extensive online directory of business brokers and business listings allows buyers to search for opportunities by location, industry, and price range. Beyond its listings, BusinessBroker.net offers a wealth of educational articles and resources on the business buying process, empowering entrepreneurs with the knowledge they need to make informed decisions.

U.S. Small Business Administration (SBA) – Buying an Existing Business

https://www.sba.gov/business-guide/plan-your-business/buy-existing-business

The U.S. Small Business Administration (SBA) is a go-to resource for many entrepreneurs, and their guide on buying an existing business is particularly valuable. This comprehensive guide walks buyers through the steps involved in acquiring a business, from conducting due diligence to securing financing. The SBA also provides information on their loan programs, which can be a crucial source of funding for many small business buyers.

HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company (HBR Guide Series) 

https://www.amazon.com/HBR-Guide-Buying-Small-Business/

HBR Guide to Buying a Small Business” by Richard Ruback and Royce Yudkoff is an invaluable resource for entrepreneurs considering acquiring a small business. This comprehensive guide offers practical advice on navigating the challenges of finding, evaluating, and purchasing a small company, providing a roadmap for those seeking an alternative to traditional career paths or the risks of starting a business from scratch.