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Guide to Georgia Business for Sale
Locate and purchase a business for sale in Georgia
Thoroughly inspect any Georgia businesses for sale. Look through financial statements and tax returns from the last several years. Find out about ongoing expenses such as payroll, utility bills and insurance.
The ongoing expenses must be compared with the company's sales records. Before you decide to buy a business in Georgia, you should ask several questions:
1. Will you have a lot of local competition?
2. Are you buying into a growing industry, or one that is stalled or shrinking?
3. What are the monthly overhead costs for the Georgia business for sale?
4. Is the current inventory sufficient, or in need of restocking?
Action Steps
The best contacts and resources to help you get it done
Find a CPA to help you purchase a Georgia business
A certified public accountant analyzes the financial records for any Georgia business for sale and helps you to file the necessary legal documents.
I recommend:
The Georgia Society of CPAs will show you how to get in touch with a certified public accountant within the state. Try AccountantsWorld for a listing of licensed CPAs in every city and state in the U.S.
Employ a broker to aid you with the purchase of a business for sale in Georgia
A broker will help you buy a business for sale in GA by performing a screening process on the company and reviewing its financial records and disclosures. Brokers help negotiate fair prices on your behalf and gather the required permits and licenses for the final transaction.
I recommend:
Visit acquireo to see a variety of brokers in Georgia. Try the Business Book Press for a list of brokers in GA.
Find a business for sale in GA
Try websites that provide listings of businesses for sale in Georgia. The listings will indicate what city in GA the company is based in, the price the seller has requested and other pertinent information.
I recommend:
Find a business for sale in GA on such websites as BizQuest, BusinessMart.com or MergerNetwork.
Obtain financing for a business for sale in Georgia
When you are ready to buy a GA business, you will need financing for the transaction. A business acquisition loan will get you the capital you need to make a purchase.
I recommend:
Noble Funding offers business acquisition loans. Try BuyerZone for a list of companies that provide business loans.
Tips & Tactics
Helpful advice for making the most of this Guide- Investigate why Georgia businesses for sale by owner are being sold. You don't want to purchase a business in a dying industry.
- Review the rate of employee turnover at the businesses for sale in Georgia that you are considering.
- Test the office equipment, fixtures and machinery to be sure they are in good working order.
- Examine the marketing strategy for any GA businesses for sale you may be interested in buying, and determine if changes will need to be made to create the best advertising campaign possible.
- Make sure the building is up to code with the state's safety and health requirements.
