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Find and Buy
Your
Ideal Business and
Pay a Fair Price
Business Buyer's Tool
Kit for business buyers, and their advisors
Allow
me to introduce myself. My name is Ted Burbank and in 1979 I
established the first business brokerage office to serve central New
England. I managed a staff that averaged twenty plus
individuals that included CPAs, MBAs, Attorneys, a Wall Street Investment
Banker and others, most of whom had business ownership experience.
We
represented a unique team and together we sold more than two thousand
businesses. We learned a tremendous amount in the process and from
each other. The book and software offered here is a distillation of
the experience and knowledge gained in that process.
Deal
Master 4.0 is based upon experience gained in
the actual purchase of more than two thousand businesses!
I
originally produced and
assembled this book and software especially for first time business buyers
but many financial professionals, business brokers, intermediaries and
advisors to entrepreneurs have purchased the program and found it of benefit
in their practices. I made sure, however, that the Deal Master
software could be used by non-financial and financial
professionals alike to assure the program would benefit the most people.
The Business Buyer's Tool
Kit's software, Deal Master 4.0, consists of several interactive components that
cover the entire acquisition process from start to finish. Applying the "Insider Information" this package provides can
save you thousands of dollars in legal and accounting fees plus save you
hundreds of hours reviewing inappropriate businesses or companies that are not right for you. The Business
Buyer's Tool Kit is designed to make process of buying a business simple and
safe.
Use
the Business Buyer's Tool Kit and
no
one will ever believe you are buying your first business.
Here's what is included in the Business Buyer's Tool Kit
The Book -- "Buying a Business Made Easier"
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Profit
from the experience and insight gained in negotiating more than two thousand business transfers.
This practical guide, written in understandable "shirt sleeve"
language, simplifies a very complex subject. The book focuses upon the
motivations and perceptions that drive a sale and the software "crunches the
numbers." Case studies and examples are provided to illustrate every
major point. |
Notice the title is not
Buying a Business Made Easy. If we learned anything in the
process of selling two thousand businesses it is that buying a business is not
easy. In fact it is probably going to be one of the most difficult
things you have ever attempted to do. Why is buying a business so difficult? The short answer is that the rules for buying/selling a
business differ from those for selling essentially anything else you can
imagine.
Perhaps these three
examples will illustrate:
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Business owners would constantly tell us that they
didn't want people to
know their business was for sale.
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Most business buyers
would confide they were unsure of
exactly what type business they wanted to buy. They could tell us what they
didn't
want and, as with art, would know the right business when they saw it.
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When it comes to
price, if you ask twelve people what a business is
worth you will probably get as many answers.
To summarize.
Sellers don't want you to know what they are selling is
for sale? "Don't
let anyone know my business is for sale but sell it quickly."
Buyers want to buy something but they don't know what it is. Both want a fair
price (whatever that might be). Seven additional differences are
explained in the book with instruction on how to turn these differences to
your advantage.
Business Buyer's
Tool Kit was assembled to address and solve these issues and many others as
well. For example, one of the first issues addressed is How to
Identify Your Ideal Business. We have devoted an entire chapter to
this subject and developed a matrix for you to use as you screen businesses
for suitability. This foundational part of your quest is critically
important to your success not only in finding your ideal business but your
success after the purchase as well.
The book 'Buying a
Business Made Easier" walks you through the Business Buying Process one step at a
time. Each major point is illustrated with a case study of an actual
sale.
Some of the tips and insider information illustrated in "Buying a
Business Made Easier"
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Identify businesses that fit
you. Ideally businesses that have "All the Right Things
Wrong" with them
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Quickly eliminate businesses that do not fit your personality or fail to
meet your income needs
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How to find a
business to buy that's not for sale (an estimated twenty percent of all
business owners are considering sale but are not yet listed with a broker)
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Three questions to ask so you don't waste time and money reviewing
businesses that don't "fit" you or your lifestyle - cut right to
the quick without offending either the seller nor the sellers advisors
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Ask the four key questions used by the Pros to determine profitability before
seeing " the books" - Save hundreds of hours and perhaps thousands of dollars
in professional fees analyzing businesses that either:
a) will not support your lifestyle or b) you cannot afford to purchase.
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Learn how to determine the real profits of any business,
especially cash businesses, using methods employed by the Internal Revenue Service and savvy
business buyers
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Avoid pitfalls and common mistakes that
most first time buyers make that can cost you dearly
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Learn negotiation techniques that produce win-win results
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Where to obtain the best advice (and it's usually free)
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Determine a proper price and
transaction structure for purchasing the business.
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Ask all the right questions of the seller without aggravating him or her
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How to obtain all the important documentation and information
up front
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Analyze the collected data as would a
financial professional
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Structure Win-Win Offers and Counter-Offers quickly and
confidently
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Deal Master 4.0's CD ROM
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Part
1
"MBA
on a Disk"
-- Business Analyzer and Financial Audit
Software
Perform your "Due Diligence"
like a pro
Simply enter one to five years of financial data from accounting statements or
tax returns, answer a few questions regarding the business, make a few decisions
- press a key and PRESTO!
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The program has calculated:
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The Real Profits of any business (special section for use with Cash
Businesses)! Business Buyer's Tool
Kit provides you the unique ability to uncover the real
profits of any business - even Cash Businesses
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A Fair Price and Terms for the
business - You can perform countless "What if" scenarios and
calculate scores of possible transaction structures quickly and easily to
determine a Fair Price
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Fairness Test and Justification of Purchase Price
Calculations - Make sure the business can afford the price, and that
your Rate of Return is commensurate with the risk involved - this is a
double check on whether or not the price is fair.
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Determine the real profits of any business,
especially cash businesses, using audit techniques employed by the IRS and savvy
business buyers
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Pro-forma projections of profitability under your
management - Easy and straightforward calculation that employ the scores
of historic operating ratios generated by the program.
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Cash Flows and working capital
requirements - Make sure you will have adequate reserves and money to grow
your new business
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Comprehensive Ratio Analysis
with explanations - Scores of ratios are calculated by Business Buyer's Tool
Kit's software along with
an explanation of what each ratio means, why it is important and how it is
calculated
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Business Buyer's Tool
Kit's software will also generate Comparative Income Statements and Balance Sheets
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Risk Analysis Reviewer ~ Checks out
factors other than "the numbers"
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Graphs to visually view key factors
Deal Master 4.0's Transaction Structuring software
helps you analyze counter offers for fairness and "get back to the
table" with a proposal you can defend quickly and confidently.
Hard copy sample of an
actual case study included for reference
Part
2 - Business Pricing and Transaction Structuring Software
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Business
Pricing and Transaction
Structuring Software
for Small to Middle Market Companies
Easy to use.
Simply enter one page of data from tax returns or accounting
statements, answer a few questions and make some decisions and the
software does the rest. It couldn't be easier or more simple.
The
program, although years in development,
will provide your valuation in minutes.
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Size does matter
One size does not fit everyone; and neither does one approach to
business valuation. That's why the program produces
values, transaction structures and fairness testing for the three size
categories of private businesses - all at the same time. The
three Size and Business Structure categories can be briefly described
as follows:
- Middle Market -- Generally
Private companies with well defined Corporate structure and
earnings in the low millions
- Mid-Size -- Private
companies with Corporate structure developing. Owner has
delegated many management functions to others - earnings typically
from $250,000 to the early Millions.
- Main Street -- Commonly
referred to as "Mom and Pop" - Business owner wears
essentially all the hats - Earnings usually under $250,000
15 valuation methods
Yes, the program simultaneously produces three business
valuations using 15 valuation methods. This
approach insures you are using valuation methods that are
appropriate for the business involved.
Don't pay too much!
Use the Deal Master's Business Pricing
software to develop a fair price you can
defend and with terms that will work. Construct a deal where
existing cash flows will cover your acquisition debt service, give you
a reasonable return on your investment and compensation commensurate
with your initial investment. Use the Data Gathering form
to assure you cover all the important bases.
Transaction Structuring
Determine
a Fair Price and Terms for the business - You can perform
countless "What if" scenarios and calculate scores
of possible transaction structures quickly and easily to
determine a Fair Price. It's not necessarily the price
you pay that's most important but rather - it's the terms or
how you pay it that really matters.
Make sure the business can afford the purchase price
terms so the
business can stay sold.
Deal Master 4.0's Transaction Structuring software
helps you analyze counter offers for fairness and
"get back to the table" with a proposal you can
defend quickly and confidently.
Fairness Test and
Justification of Purchase Price
Make sure the business can afford to pay:
Designed to be used by non-financial professionals
Don't let the ease of use fool you - this is a powerful
program designed for the business owner, business buyer or advisors
who needs to know how to price and structure the sale of a company. No financial expertise or specialized knowledge
is needed and the program uses Microsoft Excel™
so there isn't a new software program to
learn.
"The
right tools can make you an expert"
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Part 3 - Forms, Checklists and Contracts
plus
Special Contingencies and Language on
the Deal Master 4.0 CD-ROM |
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All the documents required to buy a business safely ~ Forms, Letters, Contracts
and Checklists all ready to be used as is or customized by you. All documents have been field tested in
several thousand negotiations. All documents
are designed to protect you fully during and after negotiations
are completed.
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Forms, checklists, letters of
understanding and the like are considered mundane by many. We can assure
you they are vitally important in many subtle and not so subtle ways. In
the interest of brevity, consider the possible cost of an oversight caused by
the lack of a comprehensive Due Diligence Checklist. How will you be
assured all bills are paid when you take possession?
What protection will you have should unpaid bills arise after the sale? The
"mundane" Forms, Checklists and Contracts Section of the Business Buyer's Tool
Kit addresses these and many other issues automatically.
Some of the
forms and checklists:
- Preliminary Checklist to assist in clearly defining the
business that will be right for you. This checklist alone can save you from spending
countless hours and thousands of dollars as you search for the "Right Business."
- Business Profile data gathering workbook - Covers all of the
questions that must be answered to avoid costly oversights - make sure you
cover all the bases.
- Due diligence checklist covers:
a) all areas of concern to be
investigated and checked -
b) All the documents that must be collected (in
addition to Tax Returns) before a price is finalized and a sale consummated.
- Forms and letters for use in negotiating the purchase of the
business safely ~ Samples in book illustrate usage and all are on the CD ROM
ready to be used as is or customized for a special situation.
- Sample wording for contingencies to protect you in those
special or unusual situations that may occur.
Business Buyer's Tool Kit's family of documents proceed through the Offer,
Counter Offer, Due Diligence,
Negotiation, Problem Solving, Financing and Final Close with YOU in CONTROL
throughout the process. Deal Master's documentation is designed so you can
SAFELY STOP the process at any time up to the preparation of the final
documents. YOU STAY in CONTROL and YOUR DEPOSIT is SAFE until you call a stop or
the deal is done. Hard copy Samples included for reference.
| Part 4 - IRS Tax Return Data by
Industry on Deal Master 4.0's CD-ROM
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Who would have believed you would have
direct access to Internal Revenue Service information directly from your
computer with Business Buyer's Tool
Kit's CD-ROM. The financial data collected from
tax returns filed with the IRS is compiled in spreadsheet format by Industry, Business Form, and other
criteria and its all right on the Business Buyer's Tool
Kit's CD ROM. |
I have made
it easy for you to use
the data to justify/ratify your assumptions and compare your target business
to other businesses of the same size within the
same industry. For example, you might want to use this data to ratify
that the Gross Profit percentage you expect to maintain is realistic and
attainable. This data is especially helpful in adding credibility to your
projections and increasing a lender's confidence in you as a savvy
businessperson.
Compare:
- Gross Profit -
Net Expenses -
Recast Income and Profitability - Rents - Labor Costs
Real
Profitability of one Industry with Another and more.
Thanks to
CD-ROM technology, the
copious amount of IRS data is readily available to you as dynamic
information.
You can forget about the tedious data input that is required with static
information found in books, articles and reports. Business Buyer's Tool
Kit has
organized the data on CD-ROM - ready for you to use and analyze as you wish.
| Part 5 - IRS
Field
Agent Audit Guide by Industry on Deal
Master 4.0's
CD-ROM
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In addition to the IRS financial
data the Deal Master
CD-ROM contains the IRS's internal Audit and
Investigation Guides for businesses from Architect to Veterinarian.
Thanks again to CD-ROM technology, the vast amount of information involved is
readily available for download to your printer or for on screen review by industry . |
Each Audit Guide provides an overview of the industry under
review to familiarize the you with industry lingo, practices and then outlines just
what questions should be asked, what documents should be requested for review etc. as part of
your investigation or due diligence.
Actually the IRS agent's Audit is essentially the same as a Due Diligence
Review one
should conduct before acquiring any business.
Now you can have the
same
Audit and
Investigation Tools the IRS uses
We can
keep the cost to you very low by providing the data on the Deal Master CD-ROM rather
than in the size of a telephone book. For example, the Audit Guide
for Commercial Printers, when printed from Deal Master's CD ROM, is almost
half an inch thick.
The IRS Field Agent Audit
Guides will be especially valuable if you are considering the purchase of a
"Cash Business" such as:
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Bars
or Restaurants
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Beauty
Shops
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Bed
and Breakfasts
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Car
Wash
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Child
Care
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Laundromat
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Pizza Shop
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Retail Shop
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Liquor
Store
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and others
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Whether it's a Manufacturing,
Distribution or a mobile food cart
business you are looking to buy, there's probably an
IRS guide on Deal Master's CD ROM that can help you investigate your target
business like a professional.
"Present
yourself as a professional"
Part
6 - "Loan Proposal Generator" on Deal Master 4.0's
CD-ROM
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The Loan Proposal Generator portion of the Tool
Kit is unique in that it
automatically creates a Loan Proposal based upon actual Lender's lending
criteria and presents the data in the format the Lender's like to see making it easy
for a lender to say yes to your loan request.
You can structure your offer with
confidence and present yourself as a savvy business person to the seller and the seller's advisors.
Sample
Loan Package included for reference. |
Special Bonus
~ Deal Master's Loan Proposal Generator contains a section that will facilitate your contact with the most competitive lenders willing to
"do your deal" at the best available rate. Run
a possible transaction by the lenders before you make an offer to
determine:
- What the lenders will consider a Fair Price
- What down payment will be required of
you
- How much bank financing is available and at what rate
- The Amount of seller financing that may be required
Owning "Business Buyer's Tool
Kit" is like having your very own CPA, MBA,
Financial Advisor, Banker and Business Intermediary on CD-ROM.
Calculate scores of sophisticated ratios to thoroughly analyze the
business. Develop a fair price and transaction terms that will work.
Investigate the Business with the same tools used by the IRS and savvy business
buyers. Save hundreds, if not thousands of dollars in professional fees by doing the calculations and
assembling financial and other information into a concise report for your
advisors to review. Proper use of you professional advisors is simplified
with Business Buyer's Tool Kit .
"Your accountant
would have to charge you many times
the cost of this package for the ratio and business analysis alone"
Easy to use - No
new programs to learn
The Business Buyer's Tool Kit's programs
are in either Microsoft Excel workbook format or Microsoft Word doc format. You need not know Excel to use
the program. The forms, checklists etc are in Microsoft Word doc file
format and as such can readily be imported into most
any word processing program if you are not using Word. No need to learn a new software program to
start using Business Buyer's Tool Kit right away. Yes, an operating manual is
included but, because the program is so intuitive, you
probably will not use it.
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- Samples and Examples
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Samples and examples put you on a fast track
to understanding the several sophisticated reports the Business Buyer's Tool
Kit's software programs generate. Having completed reports to review
will make developing these reports for the businesses you target so very
much easier to do and understand.
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Added
Bonus - Sample
of how the IRS determines the real profits of a cash business
How
much does the
"Business
Buyer's Tool Kit" cost?
To
compare value, please consider the following:
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An
accountant would have to charge you $1,000 (and maybe more) just to place a rough
estimate of the sale price of a business you may wish to buy. This
could become quite expensive if you review several businesses
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A basic Business Valuation similar
to what you will produce yourself with Deal Master's software will generally cost between $2,500 and $15,000
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Expect to pay an accountant $2,500
or more for the comprehensive financial analysis that the Business
Analysis software program produces
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SBA Loan Proposal
Generator will save you the hundreds of dollars an accountant would charge
or save you scores of hours were you to attempt to produce the SBA loan
proposal on your own
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Document Pack
will save you money two ways:
1) Avoid excessive legal fees
2) Make sure that all the protections possible are included and that you are
in control of the business buying process from start to close
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Just one mistake made because you
didn't have the book "Buying a Business Made Easier" to guide you could cost thousands
or even worse - prevent you from buying the business that would have been
perfect for you.
With
these costs in mind, you can readily see where the "Deal
Maker - Business Buyer's Tool Kit"
(Books and Software) is worth much more than its selling price.
"Those who are
serious about buying a business will purchase this
Tool
Kit
and wonder why the price is so low."
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What
you will receive |
Regular
Price |
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Buying a Business Made Easier (212 pages) |
65.00
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Deal
Master 4.0 CD ROM Which Includes:
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295.00
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Business Pricing
and
Transaction Structuring Software
for the Non-Financial Executive
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MBA on Disk - Business Review and Analysis
Software
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SBA Loan Proposal Generator
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Document
Pack - on CD and Book
containing a complete set of all forms, contracts etc. needed to complete a
transaction
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IRS Tax
Return Data by type of business |
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IRS Field Agent Audit Guide by type of business |
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Samples and examples |
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Shipping using
USPS Priority Mail (Approximately 6 pounds) |
15.00 |
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Regular
Price |
$375.00 |
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Internet Discount |
$100.00 |
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Special
Price |
$275.00 |
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Two
option that can save you money |
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Purchase all on CD ROM for only $195.00 |
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Purchase all on line and save even more $145.00
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Three ways to buy:
Ship
hard copies of
Books, Samples and CD ROM
USPS Priority Mail included |
Mail
copy of all on CD ROM
USPS Priority Mail included |
Download
all from Internet
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| $275.00 |
$195.00 |
$145.00 |
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