LIVE THE REAL AMERICAN DREAM!
BUY A BUSINESS AND BE YOUR OWN BOSS!
Owning your home has been referred to as
the “American Dream.”
But, if the American Dream is to symbolize
freedom and self determination,
then business ownership and being your own boss
is the Real American Dream!
8 of 10 new businesses fail within the first 18 months, but your odds of success increase dramatically by purchasing an already established and profitable business.
Purchasing a business is a risky endeavor. You need a proper game plan and professional guidance to safely navigate the process and reach your goal of business ownership.
Joe Sandbank, Esq. has advised small business buyers for over twenty years as a U.S. Small Business Administration (SBA) commercial loan officer, business broker and business attorney, and he is the author of Live the Real American Dream! 7 Steps to Buying a Small Business.
Joe has represented both business buyers and sellers in successful transactions, and he has represented both business buyers and sellers in litigation related to acquisitions gone wrong. Joe knows what to do - and what not to do - when purchasing a small business.
Live the Real American Dream! 7 Steps to Buying a Small Business provides a simple 7-step process for purchasing an existing and profitable small business.
Live the Real American Dream! 7 Steps to Buying a Small Business is available now as a downloadable E-book. Buy it now to get an advantage over your competition.
Live the Real American Dream! 7 Steps to Buying a Small Business answers these questions:
What type of business is a good fit for you?
How can you most successfully search for business opportunities for sale?
What is a particular small business worth?
What is the process for making an offer?
What should be in the purchase agreement?
What is an “earnout” and when should you include one in your offer?
How can you be sure that the seller is telling you the truth about the business?
How can you finance the acquisition?
What’s the leading cause of business failure and how can you protect yourself?
What is “successor liability” and how to protect yourself from it being imposed on you?
How do you ensure a smooth ownership transition?
The purchase of a small business is often the most significant transaction in a person’s life, often involving the investments of one's life's savings. The stakes are high and professional advice can mean the difference between success and failure.
“Buying a business requires a game plan.”
Live the Real American Dream! 7 Steps to Buying a Small Business lays out an easy-to-follow and effective game plan for buying your own business.
In addition to providing you with the proven 7-step process to purchasing a small business, Live the Real American Dream! This E-Book provides you with insider tips, cautionary tales, and success stories to steer you toward your successful business purchase.
These insider tips will give you the edge over your competition:
What mistake do many prospective buyers make that prevents them from finding the right opportunity for them? (Page 7)
What approach to the business-for-sale search most effectively allows you to find suitable opportunities while obtaining professional representation without cost to you? (Page 9)
Which question should you ask a seller before making an offer to purchase? (Page 11)
What specific assets should be identified as being included in the purchase price, but are often left out of form purchase agreements? (Page 19)
What language in the purchase agreement will prevent you from being “trapped” in a bad deal that you cannot escape? (Page 21)
How should you deal with key employees of the business to protect your investment? (Page 23)
What language should you include in your purchase agreement to most efficiently address any disputes that may arise after the deal closes? (Page 24)
What one tip on structuring the purchase price can best protect you against a seller’s misrepresentations and help you avoid litigation? (Page 29)
What circumstances should you look for to potentially save hundreds of dollars on escrow fees? (Page 36)
In addition to these insider tips, Live the Real American Dream! 7 Steps to Buying a Small Business also includes success stories. These short stories provide real-life examples of business buyers doing the right thing and reaping the rewards.
Learn how one buyer restructured a transaction to effectively drop the purchase price by more than 30%, enabling the deal to qualify for necessary financing. (Page 17)
Learn how one buyer used an “earnout” to encourage the seller to accept his offer over a competing buyer’s offer, while making the outgoing seller more committed to a successful ownership transition. (Page 18)
Learn how one buyer cleverly structured his acquisition financing to provide sufficient cash to purchase a business and ensure sufficient working capital for operational needs. (Page 31)
Knowing what not to do is at least as important as understanding what to do. Live the Real American Dream! 7 Steps to Buying a Small Business also includes real-life cautionary tales of deals gone wrong.
Learn how one buyer lost his $100,000 investment because he didn’t recognize that his personality was not a fit for the business he purchased. (Page 7)
Learn how one buyer’s newly acquired business suffered a catastrophic loss in revenue because the buyer failed to recognize the importance of key employees. (Page 23)
Learn how one buyer failed to recognize that a seller had created false banking records to misrepresent the profitability of a business. (Page 26)
Learn how one buyer’s failure to investigate a business’s contracts resulted in his newly acquired business losing all of its revenue within a few months of (Page 27)
As an attorney, Joe Sandbank charges business buyer clients $300 per hour to advise them on matters related to the acquisition of a business!!!
Live the Real American Dream! 7 Steps to Buying a Small Business is a concise, easy-to-understand guide that will provide you with numerous insights gained by Joe Sandbank in hundreds of hours of advising clients on real-life business acquisitions.
With its 7-step process to buying a small business, insider tips, success stories, and cautionary tales, Live the Real American Dream! 7 Steps to Buying a Small Business will give you a tremendous edge over your competition when purchasing the right business for you.
A Letter of Intent can be a valuable tool for reaching agreement with a business seller on the primary terms of a business purchase before entering into a formal purchase agreement. Letters of Intent are very useful when you are up against intense buyer competition or when you only have minimal information about the target business.
With your purchase of Live the Real American Dream! 7 Steps to Buying a Small Business, you will receive a sample letter of intent that you can easily modify to suit your needs.
Your Due Diligence Investigation is a key part of the business acquisition process. Failing to perform a thorough investigation is the leading cause of business acquisitions gone wrong.
With your purchase of Live the American Dream! 7 Steps to Buying a Small Business, you will receive a sample Due Diligence Checklist containing most of the items you will want to request for the seller as part of your due diligence investigation.
Live the Real American Dream!
7 Steps to Buying a Small Business
and the bonuses shown above for just:
Questions? Contact Joe Sandbank at firstname.lastname@example.org.