| GRB
assists business owners in the
complex process of selling their
business. We stake our
reputation on satisfying our clients
and providing a smooth &
professional transaction.
Every
business owner wants the utmost
confidentiality. That’s why
GRB requires our potential buyers to
complete and sign a Non-Disclosure /
Confidentiality Agreement, along
with a financial information form.
This way we can try our best to
pre-qualify the Buyer. We will come
to the business to meet the Seller,
in this way we can get as much
information on the business as
possible such as a copy of lease,
equipment list, any P&L’s, articles
in newspaper and or magazine etc.
All
Sellers’ want to receive the best
possible price for their business.
We will then use industry proven
techniques to assist you in
determining the fair value of your
business in today’s marketplace in
Georgia. There are several ways in
this industry, in which Brokers
price a business. The first way is
using a percentage of gross sales,
which is about 33% or 1/3 of sales. Simply means, if your gross sales
were $ 300,000 you would price your
business at $100,000. The second way
is pricing the business between 200%
to 300% of cash flow (net). There
are many variables in the pricing of
a business, not only cash flow. Your
lease has value along with many
other assets, such as financing a
portion of the sale.
We
start our marketing by listening to the
Seller. We understand that
the Seller has the best knowledge of
their business. In other words the
Seller is our best resource for
information on how to market their
business. We screen potential
buyer’s to verify their financial
strength and business experience.
GRB
utilizes a number of avenues to
market a business. Some of
our marketing resources include
database of Prospective Buyers,
networking, newspaper, magazine
publications and personal contacts;
both locally and nationally with
strategic online advertising. GRB
will work in a confidential and
ethical manner to sell the business
as quickly as possible. We will help
in the negotiations, assist in
filling out any forms and accompany
you to the closing. We can supply a
very experienced closing Attorney,
at a minimal cost to the Seller.
We
are always there to help you find
creative ways and solutions when
unexpected problems arise.
Georgia Restaurant Brokers brings a
lot of “know how”, to the table.
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