Buy

BUY A BUSINESS
 
EBG – Your trusted source for businesses for sale in Thailand
Are you thinking of buying a business in Thailand now or in the near future? If so, be assured you have come to Thailand’s most trusted and efficient source for Thai Business listings.

1. Do I really want to buy/own a business?
2. Where can I find the right business for me?
3. Choosing the right business
4. Evaluating profitability
5. Determining the purchase price
6. Negotiating the purchase
7. Remember to run the business

Information on buying a business: 

Elite Business Group "Intermediaries" can assist you in plotting a successful course through the process of buying a Thai Business by showing you;

• How to select and/or find the right business
• How to value the business you are looking at, with comparisons available of other similar businesses previously sold
• How to minimize the risks in buying a business

Can't find what you are looking for or do you want to buy, confidentially, a specific business that may not be on the market? Consider using EBG as your Buying Agent 
Different people buy businesses for many reasons.  Some examples include;

• Fulfill a dream to own a business and be your own boss
• To assist in the ease of relocation
• Lack of suitable employment opportunities
• Be in charge of your own income
• A going concern can be a much more secure investment than starting up a new venture
• Expansion of an existing operation
• Vertical or Horizontal Integration
• Synergistic benefits to current business
• Build a secure environment for self and family
• To supply a market need
• Tax benefits
• Lifestyle benefits

How to buy a business
Buying a business is a big decision, possibly one of the biggest you will make in your life.  For this reason, you should consult a professional who has your best interests in mind.

One of the safest, most cost-effective, and successful ways to approach the actual acquisition of a business is to see it as a process of elimination, involving different steps along the way, with each step getting closer to the desired goal of owning your own business. 

As this is one of the biggest decisions you make in life, you should allow sufficient time to conduct the necessary actions in order to ensure a high probability in selecting the right business.
(CAN THESE BE EXPANDED – Using the questions as main headers?)

 

1. Do I really want to buy/own a business? 

This question may seem simple, but it is very important.  In order to ensure a high probability of success in selecting and running your business correctly, you should consider these questions and use the answers to help in your search and decision making process.  

• Why do I want to buy a business?
• What do I expect from the business?
• How much of my time, energy, and other resources can I contribute to the business?
• How much capital is available to me?
• What are my obvious business strengths, weaknesses and experience?
• What location is most suitable/desirable to me?
• Using these answers, what type(s) of businesses am I most suitable to own?

2. Where can I find the right business for me? 

While we can't assist you with answering the above questions, when you are satisfied with the answers you gave, we can show you another most crucial question: Where to begin looking for a business?  There a few possibilities, some more efficient than others:

 

• Private sale. Sometimes you can find businesses for sale by owner in the newspaper, other publications, or advertised on the web.  You may also be lucky enough to have contact with a willing seller, either personally or through a connection.  Obviously the most dangerous thing here is that you are dealing directly with the seller, which can create major problems in the process and leaving you exposed to many possible negative outcomes.  Don’t be surprised if things don’t turn out as represented or even hoped.  For this reason, especially as a buyer from a different culture or background, we highly recommend using a trusted source that is well versed in business transfers.
• Many Real Estate agents may have limited business listings, usually involving real property as part of the selling price.  Although the costs are generally paid by the seller, the Real Estate agent generally does not have experience in the complexities of a dynamic business transfer/acquisition. 
• Through a Business Broker/Intermediary advertising a business for sale. In this case, you are dealing with a specialist, and would expect someone with a deeper knowledge of the business he is offering on behalf of his client.  The Broker/Intermediary should have well organized and extensive information of all aspects of the business being offered and understand the complexities of this type of transaction including the valuation method, financial considerations, leasehold details, business climate for region/industry, availability of comparable offerings, and any other dynamic elements related to the transfer.  For this reason, it is highly recommended that you consult a respected business intermediary when thinking of buying a business.
• Through an Accountant or Attorney.  While this is not the core business of an attorney or accountant, many times a client will inform their advisor of the sale of a valuable asset. 

No matter which option you choose during your business search, you realize that there are risks and advantages for using certain methods.  One thing is for sure, whichever path you choose, be sure to remember that due diligence and the final decision is the buyer’s responsibility and any of the above advisors can only offer guidelines as to how to reach the final step, whether it is to turn your search to another business or go forward with a business transfer and become the owner of the business of your dreams