1. How long does it take to sell a business?
Typically, it takes 6 months up to 1 year to sell a business assuming the business is priced around market value
2. Can you assist me to get financing if I want to buy a business?
We frequently help buyers find financing, whether that be a Small Business Administration loan through a bank or a hard – money loan. We can also negotiate with the seller to see if s/he is willing to take back a loan on the sale of the business. We will use our contacts within the financial community to make a transaction work, if at all possible.
3. How do you keep the transaction confidential?
In most cases, when we advertise a business, we don’t disclose the city where the business is located and we keep the business description broad. All prospective buyers are required to sign a confidentiality agreement before we will disclose to them any specifics about the business for sale.
4. How much does it cost for a business valuation?
The cost of a business valuation varies depending on the complexity of the business. Typical business valuations are in the $2,500 to $5,000 range.
5. Do I have to pay extra for advertising?
Web – based marketing is included in our fee. If you have specific print or special professional publications in which you would like to advertise, we will negotiate an additional fee to cover those specialized advertising costs.
6. What kind of businesses do you sell?
We are generalist business brokers who specialize in the sale of all kinds of small and medium sized busines ses, typically under $10 million. We have brokered the sale of industrial facilities, retail establishments including franchises, professional services firms such as CPAs and law practices.
7. Do you represent individuals who want to buy a business?
We will exclusively represent a buyer who is looking to purchase a specific type of business. In this situation, the buyer will sign an Exclusive Representation agreement with California Professional Acquisitions.
8. Can I run a business out of my house?
It depends on the business. You can run some businesses out of your house while other businesses require a commercial presence. Nationally about 50% of small businesses are home – based.
Sign your Non-Disclosure Agreement (NDA) Online
What is an NDA?
A Non-Disclosure Agreement (also called an NDA or Confidentiality Agreement) is a tool businesses use to protect their confidential information. It is a legal agreement formed by the seller and a possible buyer of a business that describes the confidential information a seller wants to disclose to that buyer with restrictions to third parties. Under an NDA, a person or organization agrees to protect proprietary information they’ve received from another business or individual.
When do I sign an NDA?
The NDA is used when a potential buyer engages in negotiations to purchase an entity. All information about how the business obtains its customers and details about their products and services must be kept confidential. In the case of competitors, any trade secrets or proprietary information that is obtained may not be used if a sale is not completed.
Our NDA
California Professional Acquisitions is a member of the California Association of Business Brokers (CABB) and we use the CABB Buyer Acknowledgement of Introduction and Confidentiality Agreement. We require all potential buyers to sign an NDA before we will release any confidential information.
For your convenience, you may download and complete this NDA form. Once we receive a signed copy (scan copy is fine), we will be able to disclose information on the business you are interested in.
