The ProBuy Program is good for six months but most of my business buyer clients end up buying a business usually within three to five months from start to finish. The cost of the program is a one time $800 fee (payable via check, credit/debit card, or eCheck). There are no other fees associated with this program for my services during the program.
This fee covers consulting & pre due-diligence (Phase 1) on all deals: is the deal priced right? can you get financing on the deal? what deal points about the business should you be concerned about?, getting you prequalified for business purchase financing (and getting you the financing needed for your purchase), getting the right team/advisors (transactional attorney, escrow/bulk sale services, etc.) in place to assist you, etc.
Buying or selling a small to mid-sized business can be a confusing and/or frustrating process. For over twenty-five years I have assisted buyers, sellers, agents and brokers with online and offline tools and currently advise (ProBuy & ProSell Programs) motivated business buyers & sellers with buying and selling small and mid-sized businesses.
Here Is What You Will Receive From The BizBen ProBuy Program (For Business Buyers):
* Determine What Types/Industries/Categories Of Small To Mid-Sized Businesses Would Be A Good Match For You
* Get Customized Instant Alerts Of Businesses For Sale Via Email Or Text - You'll Get First Response To Postings
* Pre-Qualify & Advise You On Business Purchase Financing Options - SBA & Non SBA Financing
* Introduction To Specific Individuals At Financial Institutions To Provide Business Purchase Financing
* We'll Refer You To All Professional Resources That Will Help You Complete Your Deal & Get It Closed
* An Optimized/Targeted "Business Wanted To Buy" Posting For You On BizBen.com Targeting Owner/Sellers, Brokers
* Analysis Of Deals In The LOI Or Pre-Offer Stage That You Are Considering Buying - Due Diligence Phase 1 Analysis
* Non-Biased Valuation/Appraisal Feedback On Deals In Contract - Is It Worth It? - Phase 1 Analysis Provided
My Related Experience:
I am the Founder and Lead Advisor at BizBen.com. I have an Economics Degree and MBA (Entrepreneurial Studies & Financing Concentration) from UCLA. I have have authored six ebooks on the subject of buying, selling or financing the purchase of a small business, and lead numerous webinars, podcasts, & online trainings for Buyers, Sellers, Brokers & Agents
I look forward to working with you in finding and purchasing a small to mid-sized business!
Peter Siegel, MBA - Founder, Lead Advisor at BizBen.com at 925-785-3118 Direct
Categories: BizBen Blog Contributor, Buying A Business, How To Buy A Business
Nationwide - All Areas
Phone: 925-785-3118 Cell, 925-785-3118 Text
Peter Siegel, MBA - Founder Of BizBen.com (since 1994), I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I advise/coach buyers, sellers, and brokers daily about buying & selling small to mid-sized businesses throughout the Nation. I can be reached direct at 925-785-3118.
Comments & Feedback From Pro Intermediaries & Pro Advisors On BizBen:
Posted By: Ralph Santos, Broker Specialist, Health Care
As a healthcare provider of over 20 years and a now practicing Realtor it amazes me when I talk with interested buyers who do require the guidance and assistance of an honest and an ethical professional to help them in navigating the purchase of a business. I often find that using a program, such as the one that Mr. Peter Siegel's ProBuy Program at BizBen offers is a vital starting point to avoid endless headaches and worse yet spending money on an erroneous haphazard venture. It is always good to be well informed before making such a milestone decision as investing in a business.
I would echo my colleague in this string and I, your home health and hospice expert, will pay the cost for the BizBen ProBuy Program if, in fact, you opt to work with me in the purchase of skilled home health or hospice business. I understand that trusting an agent is not an easy task, but losing money in a needless manner is even less conceivable.
Posted By: Timothy Cunha JD, Business Broker: San Francisco Bay Area
Business buyers come in many "shapes and sizes" ... and often they are new to the process. But, even "veteran" business buyers can use guidance and counseling. While sometimes people may retain a "buyer broker," Peter Siegel's BizBen ProBuy Program is a much-needed resource to help prospective business buyers:
1. Determine what kind of business truly suits their resources, experience, expertise, and lifestyle.
2. Prepare their "buyer profile" to make them more attractive to business sellers.
3. Apply and pre-qualify for business-purchase financing.
4. Learn how best to work with business brokers and business owners selling on their own.
In fact, I am so impressed with the calibre of buyers once they have been counseled by Peter, that if they choose my brokerage to represent them as a buyer, my agents and I will pay the full fee they have paid for ProBuy to the escrow agent to offset their closing costs in the event they purchase a business through us. So, in effect, the ProBuy program will have cost them nothing.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence
Peter, thank you for providing these services to Buyers. Many Buyers i speak with bring up the level of difficulty in dealing with brokers and obtaining information. Many feel left out and are clearly not aware of the process in dealing with brokers; and the difference between consultants and brokers. Several take the lack of information sharing suspiciously. So thank you again for providing these services and even more for letting people know that these services are available.
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