Financing The Gray Rider Real Estate Company can assist you in obtaining commericalfinancing. Banks are reluctant to finance business purchases for several reasons. First, all small businesses attempt to minimize profits shown on financial statements to reduce tax liability. Also, a bank cannot manage a business if foreclosure becomes necessary. Therefore, the majority of business purchases are financed by the owners, which demonstrates their confidence in the business. As long as you have 25% of the total purchase price in cash and have a good credit rating, we can obtain financing for you through affiliated comercial lenders.

Confidentiality Unlike the sale of real estate, the sale of an ongoing business is very confidential for both the seller and the prospective buyer. All inquiries are held in strict confidence. Meetings are confidential, and we are available after hours and on weekends.

Things a Business Buyer Should Know At the Gray Rider Real Estate Company, we are advocates of finding a business that you like and would feel comfortable managing. You, like every other prospective buyer, have a vision of being your own boss and calling your own shots. A business must fit your visions to be successful.

An old saying in the real estate industry is..."The three most important things a buyer should look for are location, location and location." While location is important to a business buyer as well, be aware that track record and management round out the three components of a successful business.

Let's assume that you find a business that you like and its location is fine. But, because of poor management, the business may not show the greatest track record. Purchased for the right price and on the right terms, this business could become more successful with proper management, making it a good way to achieve your vision of being in business for yourself.

As a prospective business buyer, you should be concerned as to why the business owner is selling the business. Business owners sell for a variety of honest reasons. Besides the obvious reasons of retirement, bad health or re-location, many sellers simply tire of doing the same thing and want to move on. If it is a good business for you, the reason for the sale doesn't matter.

Finally, be aware that many businesses sell for less than what they are listed for. So, if its a business you like, don't be afraid to make a low offer. As long as you truely feel your offer is reasonable and fair, we'll be glad to communicate it to the seller.

Remember, we are well trained professionals who know how to buy a business. Please utilize our talents and call us whenever you need assistance or have questions about the process.