FAQ Archives | Page 4 of 4 | Nemo Vista
  • How long will I have to train the person who buys my business?

    How long will I have to train the person who buys my business? This is a tentative point and negotiation maybe necessary. At Nemo Vista we have found most buyers ask for 30 days. However, some businesses only require a week or two of training, while others, require much more extensive training before familiarization of […]

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  • What are the tax ramifications of selling your business?

    What are the tax ramifications of selling your business? Selling your business maybe the single biggest asset you own, so understanding your tax liability should not be taken lightly. Without proper allocation of the selling price you might be shocked to know your tax liability. Allocation is a fancy term for how you divided up […]

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  • After I sell my business can I open another one at some point in the future?

    After I sell my business can I open another one at some point in the future? Buyers will ask that you sign a non-compete clause, this will set limits on the area and/or amount of time to pass before opening another business in the same market.

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  • Why buy a business instead of starting one?

    Why buy a business instead of starting one? Buying a business takes more money than time traditionally, and conversely starting a business takes more time than money. Starting a business requires the buying of equipment, renting a space, paying a staff, paying for advertisement, establishing contracts with suppliers, being financially stable while building your company […]

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  • What is the best business to own?

    What is the best business to own? The best business to own is the one that you feel comfortable running. Buying a business is all about personal choice, what one person would excel at another would fail. Most buyers what a business that holds an interest to them, is profitable and well managed. While others […]

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  • When should I notify my employees that I am selling the business?

    When should I notify my employees that I am selling the business? At Nemo Vista we have found that the best time to notify your employees of the sale of your business is with the new owner. While we understand you may have a close relationship with your employees, and this approach might be emotionally […]

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  • Will my Nemo Vista Agent qualify the buyer by checking their credit?

    Will my Nemo Vista Agent qualify the buyer by checking their credit? At Nemo Vista we do not run initial credit reports on perspective buyers. However through the offer and acceptance process you may request a proof of funds letter or other copy of their credit. This is not often asked of by the buyer […]

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