At SUMMIT, we want to help you find a business that meets your needs and goals. You have a vision of being your own boss, making your own decisions and achieving a certain level of success. The business you buy should correspond to both your vision and your skill set so that you can be successful. Before a search for a viable business can begin, buyers should have a good idea of their needs and buying requirements. How much money do you need to make? What types of businesses appeal to you? Do you have experience that relates to the types of businesses you’re interested in? If not, what training will be available to you? One key factor is the financial requirements of a deal. Depending on the current Small Business Administration (SBA) policy (they change fairly often), you will need from 10 to 20 percent of the selling price of the business in free and clear cash to use as a down payment in order to qualify for an SBA loan. The SBA likes to see three years or so of related experience.
Summit Business Advisors has a regional focus and an international scope. We are a general business brokerage, which means that we work with all kinds and sizes of businesses. We’ll present you with all the facts, and provide honest, straightforward and timely answers to your questions.