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News Release 

New Software and Book to make buying a business easier

Shrewsbury, MA -- "Most earnest persons attempting to buy a business will agree that buying a business is the most difficult thing they have ever done in their life explains Ted Burbank, author of Buying a Business Made Easier and the companion software BUYbizWARE.  "Imagine a situation, Burbank continues, where: the seller of a commodity does not want the public to know it is for sale, possible buyers do not really know they want to buy it, and no one is likely to agree on what the commodity is worth.  This is the environment in which most small and mid-size businesses are bought and sold."

Burbank, president of the Burbank Group - Business Intermediaries, with a staff of as many as twenty full time brokers, has overseen more than 2,000 business sales in his twenty plus year career.  "I feel an obligation to memorialize what we have learned (the hard way) for the benefit of others."

BUYbizWARE, Business Acquisition Software, is comprised of three separate parts. ~ Business Analyzer: to calculate the Real Profits of the business (special section for use with Cash Businesses), Develop pro-forma and projections of profitability under your management, Generate Ratio analysis, Comparative Income Statements and Balance Sheets, Fairness Testing and the Justification of Purchase Price Calculator let you review multiple "What if scenarios" at the touch of a key.  ~ Forms, Letters, Contracts and Checklists   All the documents required to buy a business safely and ready to be customized by you - Loan Proposal Generator - Automatically generates a Comprehensive Loan Proposal with all the information lenders want to see and in the format they appreciate.   Makes it easy for a lender to say yes to your loan request.  Sample Loan Package included for reference. 

The Book, Buying a Business made Easier, is a practical guide written in understandable "shirt sleeve" language that simplifies a very complex subject.  The book focuses upon the motivations that drive a sale and the computer program "crunches the numbers."  Case studies and examples make this complex subject easy to understand.

 Some of the tips offered in the book are: 

  • Three questions to ask so you don't waste time and money reviewing businesses that don't "fit" you or your lifestyle, 

  • Four key questions that Pros ask to determine profitability before seeing the books, 

  • How to avoid pitfalls and common mistakes that can cost dearly, 

  • Learn negotiation techniques that produce win-win results, 

  • Where to obtain the best advice (and it's usually free), 

  • How to determine a proper price and transaction structure for purchasing the business.

Applying the "Insider Information" this package provides can save thousands of dollars in legal and accounting fees plus save hundreds of hours reviewing businesses that are not right for you.  

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For more information contact:
Ted Burbank, FCBI
508 794-1200 or Email  bizval@bizbooksoftware.com

 

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