Buying A Business
Equity Group Of Michigan
Experience Matters. Results Follow.
Accelerate Your Business Acquisition with EGM’s Acquisition Services Program
Navigating the acquisition process can be overwhelming, especially when going it alone. From complex negotiations to unforeseen pitfalls, buyers often face delays and inflated prices due to open-market competition. That’s where Equity Group of Michigan (EGM) comes in.
Some Of Our Advantages
Swift and Efficient:
Uncover Off-Market Opportunities with Our Acquisition Services
Our unwavering commitment to your search ensures a rapid and efficient process. We leverage our extensive network of business contacts and proprietary databases to identify a multitude of potential targets, including off-market opportunities that haven't yet hit the public sale market. This approach expedites the process and eliminates interactions with non-serious sellers.
Unparalleled Expertise at Your Service:
Unleashing Your Focus
We specialize in orchestrating the seamless purchase and sale of companies. For us, business acquisition is not a sideline endeavor; it's our dedicated focus. This unwavering commitment allows our clients to remain engrossed in leading their existing organizations or seamlessly transition out of their current roles while we diligently drive the acquisition process, guided by their valuable input.
Transparent Pricing Structure: Aligned Success
Our partnership begins with an Agreement to Represent, where you engage our company to spearhead the search and acquisition process. A modest, non-refundable retainer is required upfront to cover the initial search phase. Upon successful completion of the transaction, a success fee is payable at closing, calculated based on the final sales price. The retainer amount is deducted from the success fee. We do not impose ongoing monthly payments during the search phase.
Top reasons to consider buying an existing business:
- Immediate cash flow: Unlike a startup, an established business already has a customer base and revenue stream. This means you can start earning money right away, rather than having to wait for your business to grow.
- Established customer base: An existing business already has a network of customers who are familiar with the products or services it offers. This can save you a lot of time and money on marketing and customer acquisition.
- Proven business model: An established business has a track record of success, which can give you confidence in its future profitability.
- Brand identity: An existing business has a recognized brand name and reputation. This can give you a competitive advantage in the market.
- Functioning infrastructure: An established business has all the systems and processes in place to operate efficiently. This can save you time and money on setting up your own systems.
- Trained employees and established vendors: An existing business has a team of experienced employees and a network of reliable vendors. This can give you a head start in running your business.
- Opportunity to pursue your passion: Buying an existing business can be a great way to step into a company you are already passionate about.
Additional reasons to consider buying an existing business:
- Reduced risk: Buying an existing business is generally less risky than starting a new one. This is because you are not starting from scratch, and you have a track record of success to build on.
- Access to financing: It may be easier to get financing to buy an existing business than to start a new business. This is because lenders are more confident in businesses with a proven track record.
- Growth potential: An existing business may have the potential to grow and expand. This can allow you to increase your profits and build your business.
Overall, buying an existing business can be a great way to achieve your entrepreneurial goals. It can be a less risky and more rewarding than starting a new business from scratch.