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Jay Hollon
PCO, Licensed Broker
Post Office Box 893
Kathleen, Florida 33849
(800)
633-5153
(863) 858-4185
Fax (863) 853-3193
PBBrokers@aol.com
Rand Hollon
PCO, Licensed Broker
Post Office Box 501
Ocala,
Florida 34478
(800) 633-5153
(352) 629-7908
Fax (352) 629-2359
PBBrokers@aol.com
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"Here is the prime condition of success:
Concentrate your energy, thought and
capital exclusively upon the business in
which you are engaged.
Having begun on
one line, resolve to fight it out on
that line, to lead in it, adopt every
improvement, have the best machinery,
and know the most about it."
- Andrew Carnegie
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Buyer's Information
Considering Buying a Business?
Preferred Business Brokers understands the
buyer’s need for information to enable him to make an informed decision.
We will provide a qualified buyer with the data needed to
determine if the company you are interested in buying fits your needs.
We have answered a few of the most common questions asked, if
you have any more questions feel free to give us a call.
What are the benefits of buying an
established business?
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The failure rate in a small business is
largely in the startup phase. An existing business has
already demonstrated a need for their service and
location. Building a business through acquisitions gives
the owner instant cash flow, enabling the business to
pay for itself. If you already own a pest control
company, then you can integrate the customers and
technicians into your business without most of the
seller’s overhead. |
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It takes a considerable amount of money
to build a full pest control route or lawn route with
sales alone. Starting day one, before you have the first
customer, you must have a vehicle, including vehicle
insurance. You need a business license, business
insurance, and a technician, which also includes salary
and workman’s compensation insurance. You need chemical,
business cards, statements, etc.; the list goes on and
on. A lot of money goes out before you can sell
and service that first customer. |
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By purchasing an established pest control
business you will immediately obtain trained employees,
valued equipment, tax advantages and of course the
customer base. It is a win/win situation.
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How Do I Get Started?
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Confidentiality:
Before we disclose the name or location of the seller, you
must sign a Non-Disclosure Agreement. This agreement states
that the buyer will not divulge any information regarding the business for
sale, talk to employees, customers, suppliers, or anyone not directly
involved in the sale, with exception to legal or accounting advice. |
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Letter-of-Intent:
A letter of intent
is a non-binding
intent to purchase. This written letter from you, the buyer, assures the
seller you are not playing games. The Letter-of-Intent may or may not
include the purchase price. If it does contain a purchase price, an acceptance date
should be included. |
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A Fair Offer:
The offer will
generally be subject to the inspection (due diligence) of the actual books and records
supporting the figures that have been supplied to you. A fair offer is one
that realistically satisfies the needs of both buyer and seller. Sometimes
an offer is quite different from the listed price. A "low ball" offer can
result in reducing your chances of getting the business for a fair price.
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Reasonable Down Payment:
A low down
payment can display a buyer’s lack of commitment to the business. The number
one concern of the seller is the safety of the buyer’s promissory note and
the assets which the buyer will have control. A buyer’s commitment is
serious business.
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The Buyer and Seller Agreement
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If you and the
seller agree on the price and terms, you may wish to perform
a more detailed inspection (due diligence) of the seller's
business. This inquiry is your responsibility – the buyer's.
You may choose to bring in other outside advisors or do it
yourself, the choice is yours. Once you have performed your
due diligence and are satisfied, the closing documents will
be prepared, and your purchase of the business can be
successfully completed. |
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Buyer's Confidentiality Agreement |
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Buyer's Profile |
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Buyer's Startup Checklist |
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Starting From Scratch
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It
takes a considerable amount of money to build a
full pest control route or lawn route with sales
alone.
Starting day one, before you have the first customer, you must have a vehicle,
including vehicle insurance. You need a business license, business
insurance, and a don't forget a technician (which also includes salary, workman’s compensation insurance.
And don't forget furniture, chemical, business cards, statements...
the list goes on and on. A lot of money goes out before you can sell and
service your first customer.
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