Buying a Business with Murphy Business in Southeast Minnesota (MN)
Murphy Business is a leading Southeast Minnesota (MN) business broker having affiliations with National and International Business Brokerage and Merger & Acquisition associations. These connections help reveal the greatest opportunities to buyers. The benefits of choosing Murphy Business as your partner reach beyond what a local real estate or business sales firm can offer.
Steps to Buying a Business
Determine What Type of Business to Buy
We’ll work with you to understand what kind of business you are looking for and why. We’ll also work to understand your personal history and experiences so that we can help find you a business that you’ll be happy and successful in.
Find the Right Business
Once we understand what kind of business to look for, we’ll go to work finding you the right business. This process can take anywhere from a few weeks to a year and depends on the type and size of business that you are looking for.
Make an Offer to Purchase
Once we’ve located the right business we’ll put together an offer to purchase. This is a detailed contract that spells out the purchase price, closing date, exactly what you are purchasing as well as any contingencies that may be necessary in order to protect you.
Negotiate and Structure a Deal
We will be the go-between in the negotiation between the seller and buyer and will work diligently to ensure that everyone comes away happy. Murphy Business & Financial Services has relationships with some of the premier loan brokerage firms in the country. These firms have relationships with hundreds of lenders and the expertise to know which ones to go to for which types of deals. We are very knowledgeable and creative when it comes to structuring the deal so that the deal not only happens, but all parties come away happy.
Perform Due Diligence
During the due diligence period, you will make sure that everything is in order for the business. We will facilitate this happening, as well as be there to smooth over any hiccups that may come up to ensure that the deal happens.
Once due diligence has been performed and everything is in order the buyer and seller will attend the closing where all necessary documents are signed and any loans are finalized.
Murphy Business provides assistance to buyers throughout every step of the buying process to match you with the optimal purchase. The experienced business brokers who have owned or managed a business in the past will help you through the buying process. Murphy Business works with buyers to engage them in a comprehensive Business Search. Our network provides access to thousands of businesses for sale many of which are not released to the public, in turn allowing the most aggregate view of possibilities.
Once a prospective business is identified, our valuation professionals provide buyers a fair market value for the business to ensure you are receiving the maximum value for your dollars spent. Our banker connections will assist in arranging traditional financing or an SBA business loan if needed.
Murphy Business helps connect buyers and sellers daily and pilot them through the entire buying process. We will customize your search to present you the most suitable businesses.