Download our Free Guide to Learn How to Develop a Sound Exit Strategy & Sell Your Company Now.
www.DataSiteDeal.com
Save
My Rating
Buy or sell a business in Illinois. Search hundreds of Illinois businesses for sale. Advertise a business for sale free of charge.
Chicago | Other Illinois | Midwest States
www.MergerNetwork.com
Save
My Rating
Buy or sell a business in Illinois. Search thousands of businesses for sale. Find business brokers in the US. Browse our franchise opportunities.
Buy a Business | Sell a Business | Business Brokers | Franchises
www.businessmart.com
Save
My Rating
Top Children Franchise Opportunity! Healthy-Happy Children are our Life
www.TheLittleGym.com/Franchise
Search more than 40,000 business for sale listings. Free for buyers!
www.BizQuest.com
Buy or Sell a Business or Franchise National & International Offices.
www.murphybusiness.com
Business has grown beyond owner's ability to manage; new owner needed
www.www.VRBizLakes.com
Start Working For Yourself Today! Franchises Start At $3K. Free Info.
www.FranchiseOpportunities.com
Established Businesses For Sale In ILLINOIS. No Franchises or Biz Opps
MergerNetwork.com
Buy or Sell a Utah Business Coldwell Banker Business Brokers
www.coldwellbusinessbrokers.com
Guide to Illinois Business for Sale
How to find and buy a business for sale in IllinoisIt is often more expensive to buy an Illinois business for sale than to start a new one, although it is generally easier to obtain financing for an existing business. Investors tend to be more comfortable with a business that has a proven performance.
There are three primary actions to perform before buying businesses for sale in Illinois:
1. Review the tax returns and financial statements over the last few years for the business for sale. IL businesses can measure their growth potential with actual experience rather than conjecture.
2. Examine the current profits for the small business for sale. Illinois businesses will have expenditures such as employees’ salaries, utilities and insurance that you must deduct from the sales revenue.
3. Inspect the operations of prospective business opportunities. Illinois businesses for sale may have obsolete inventory, dissatisfied employees or outdated distribution methods.
Action Steps
The best contacts and resources to help you get it done
Locate an Illinois business for sale
Many websites offer listings of Illinois companies for sale. A listing for an Illinois business for sale by owner should show the location, asking price and cash flow, among other details.
I recommend:
Go to BizBuySell and select Illinois as the business location. You can also narrow the search parameters by selecting the business category and asking price range. You can search BusinessMart.com for businesses by state, and you can further refine your search by specifying the type of business you seek.
Find business brokers in Illinois to assist you in the purchase process
An Illinois business broker can identify businesses that are clearly undesirable and help negotiate a price on the best candidates. A business broker also will help you obtain any licenses and permits that Illinois requires.
I recommend:
Synergy Brokers is in Springfield and brokers businesses in central and southern Illinois. Sperry & Associates has extensive experience with both the buy and sell side of business brokering.
Hire a Certified Public Accountant when you are considering buying an Illinois business for sale
A CPA will need to review the financial records of any business in which you are interested. Additionally, a CPA can ensure that you file any required legal documents.
I recommend:
Kutchins, Robbins & Diamond in Schaumburg specializes in valuation of a business for sale. Chicago is home to BIK & Co. which has specific experience in structuring the price of a business for purchase or sale.
Tips & Tactics
Helpful advice for making the most of this Guide- Determine the owner's reason for selling before buying businesses for sale. Illinois business owners may no longer be interested in running the business or there may be legitimate financial reasons for putting it up for sale. You also will want to review the marketing strategy for the business because many lagging businesses can be revived with proper advertising.
