Frequently Asked Questions
The main program – How To Buy A Good Business At A Great Price is geared for the purchase of any existing business or franchise resale. The concepts presented are based upon real-life experiences with retail operations, distributorships, service-related businesses, small manufacturing and on and on. The background research in this program involves over one thousand individual business negotiations, investigations, and purchase transactions. Our materials have been used successfully by business buyers in a huge array of business types, so no matter what type you are considering, rest assured these strategies will apply. Plus, we also have certain industry specific guides available.
Most people tell us that they finish it all in less than a week; however, you are going to find yourself referring back to certain sections since it’s clearly formatted to show you what to do at each different stage of the buying process.
In addition to the 23-chapter manual that covers each step of the business buying process, the program also includes:
- Case studies that will show you how to properly analyze businesses for sale
- The Diomo Business Assessment™ valuation spreadsheet (just plug in the financials and a detailed valuation will be compiled for you)
- Sample letters to solicit potential businesses not publicly listed for sale
- A 200-point due diligence checklist with a detailed listing of what you must review regarding assets, liabilities, financials, employees, customers, suppliers, the competition, legal issues and company contracts
- A listing of all financial documents sellers must provide
- Legal clauses you must include in your offer to be completely protected
- Letter of Intent and Offer to Purchase agreement templates
- Pro Forma spreadsheets to compile a future budget for any business you consider
- Prospective Business Portfolio worksheets to log all your notes on potential businesses
There is no doubt that anyone who has never bought a business before – or those who may have some experience but are less than fluent in the buying process – have the most to gain. We do have a fair number of “experienced” buyers who are always looking for an edge, but the information is written for anyone who does not yet possess the skills or experience needed to navigate their way successfully.
When you have a program that works as well as ours, there is never a fear offering a no questions asked, ironclad, no time limit guarantee. If you are not absolutely thrilled with the information or we do not deliver on every single promise we make about our materials, we will refund your entire purchase price at any time. Simply email us and let us know that you want a refund.
Along with the course, you will be automatically enrolled in our Personal Consultation Program. If you run into any trouble whatsoever, if you need help with a strategy or a certain situation, just let us know and we will provide you with our expert advice and assessment. There’s never any charge for this service.
We don’t mean to sound condescending but if you can read, you’ll understand everything! The format is laid out in a simple-to-follow, systematic approach. It is not all theory. The examples and case studies will make all of the concepts crystal clear for you. Even the valuation formulas and accounting lesson can be grasped by anyone. The whole approach to this course and the reason for its success, is due to the fact that it’s not “over the top”, it’s not geared for a Harvard MBA. It’s page after page of proven strategies to use in every situation, and the information is based upon the reader gaining a complete and clear understanding of each stage of the buying process and what has to be done for all of them. Furthermore, the program is based upon a building block technique. Each new section builds upon the previous one and formulates the entire roadmap to success.
Absolutely not. Our programs are followed by people in over 80 countries and regions including: the U.S.A., Canada, Mexico, Germany, Switzerland, Singapore, the United Kingdom, South Africa, Australia, Norway, Belgium, India, Thailand, Mexico, Italy, the Carribean, South America, Finland, the Czech Republic, the Middle East, Asia and New Zealand. While there may be a slight difference in some terminology (for example, in the UK Business Brokers are known as Business Transfer Agents), the concepts are all the same.
The strategies and philosophies are not specific for any single market or geographical location so no matter where you live, if businesses are bought and sold in your country, you’ll be able to take full advantage of all of the information.
The download is compatible for PC or Mac users. The ebook uses Abobe Acrobat Reader and is in a zip, file so Winzip or other file-decompression software is also required. However, most PCs have these built in. If not, Winzip is FREE on the Internet and the download instructions give you a direct link to both. It takes less than 2 minutes to download everything! The download files are formatted to be compatible with Mac Stuffit software.
Note if you want to download the information to an Apple tablet, since Apple does not support zip files, you will need to first download the program to a non-tablet email address and then email it to your tablet email. It’s very simple. If you have any trouble, contact us and we’ll immediately walk you through the process.
Yes, you can print all or part of it, just like a Word document.
We realize that there is no shortage of books on the topic of buying a business. After more than three decades of buying businesses, we’ve seen or read them all. In fact, these books are the specific reason why we decided to convert our entire consultation business into a business buyer’s course. The How To Buy A Good Business At A Great Price series is definitely not a book about buying a business.
There are three types of books available on this subject. The first ones are geared to both buying and selling a business, with a minimal amount of useful information on each. Our course is focused 100% on the buyer’s strategy. Next, you’ll see those wonderful publications from the imbecile’s series; you know: “The Imbecile’s Guide To Buying A Business” and you couldn’t buy a lemonade stand with the information inside. Lastly, there are those where the information is fine if you’re looking to buy a Fortune 500 company, but they are way beyond and not at all related to the average small business purchase.
Most importantly, not a single resource outside of our guide tells you what you need to know, explains what you must do, and then shows you exactly how to do it like our course does. It would be very easy to fill your head with information but what’s the point if you don’t know how to use it? Except for our program, there isn’t a single book, report, program, or video on the market that is an actual strategy guide for buying a business.
Is there other information available that may be less expensive? Yes, there is. Then again, the old saying of “you get what you pay for” holds true. Furthermore, we challenge you to find any program about buying a business whether it is a book, seminar, bootcamp, or those BS “master “groups that offer any refund guarantee. And yes, there is certainly product available for ten times what our materials costs and they are complete BS. You know “buy a $250,000 cash flowing business within 30 days for no money down”…don’t get suckered into any of those…please.
Our position on franchises is very simple; we believe that under the right circumstances and for certain people, they can be a wonderful option. However, we also know based upon all of our experience, that you are far better off to buy a franchise resale, one that’s already successful instead of looking to build a new one. For this, our course is ideal and there is an entire section devoted to franchises. If you are 100% committed to buying a new franchise and nothing but, then this course is not for you.
Regarding Due Diligence, franchises require a whole different checklist of what must be investigated. That is why they are dealt with extensively in both the full course and the Due Diligence Checklist and Strategy Guide that is included with the program.