Purchasing a business can be one of the best investments of your lifetime. Buying an already established or proven business gives you more certainty than starting out from scratch.

You are purchasing more than just goodwill. You get access to the customer base or customer database, the reputation of the business and a proven track record.

This can prove an invaluable to any would be purchaser and can open up a range of funding options.

Seller Financing

Some sellers will provide assistance in the purchase by way of deferred payments, which can either be monthly instalments, 6 or 12 month lump sums or longer if suitable. Some sellers will consider a buyout bonus, which will give buyers more certainty or reassurance over the future trading performance of the business.

Business Loan

Secured and Unsecured Loans are available to would be purchasers. Secured loans are easier to obtain through the use of property or other assets that you can offer as security, although a proven business is able to achieve an unsecured loan up to a certain percentage of the business purchase price. Speak with Goodwin’s Business Broker’s about your current position and we can help refer you to our lending partners for assistance.

Asset Loan

If the business on offer has fixed assets, this can be used to secure a loan against, which is why it is so important to have a business broker who has done their homework to establish the strengths of a business and use this as leverage to help incoming business purchasers make their acquisition possible.

Factoring/Alternative Funding
A business may have a balance sheet full of assets and securities which can be used to make the sale of a business possible for an incoming purchaser. It is important that the full cash position of the business is understood so that you can capitalise on the strengths on offer. We have a panel of funding partners who we work with to look at the full picture and look at the funding options which include invoice discounting and working capital revolving facilities.

No two businesses are the same and the options available can vary between lenders and how the business currently performs has a big impact on this. Speak with us today to discuss your acquisition plans so we can work with you.