Buying A Knoxville Business

Purchase A Business Right For You

Get In Touch With An Advisor

HOW DO I BUY A BUSINESS?

Deciding to buy a business is a huge life decision, maybe the biggest decision you will ever have to make. The process can be long, intimidating, and even frustrating at times OR it can be a simple, stress-free experience IF you have the guidance and advice you deserve. 

Transworld Business Advisors will walk you through the buying process while making sure you’re in the loop every step of the way. We find the right business for you, negotiate, and close the deal proficiently and professionally. You bet we’re there for you after the close as well!

Make that huge life decision easier with the help of Transworld Business Advisors.

BUSINESS BUYING PROCESS

8-Steps To Becoming An Entrepreneur

Step 1

Take Charge

You’ve made the decision to control your financial future by purchasing a business. Owning a business is the greatest way to build wealth and take charge of your own destiny.

Step 2

Evaluation

Meet with one of our expert business advisors so they can get a better idea of what you’re looking for. Once complete, the search for your business begins!

Step 3

Education

We will thoroughly explain the business buying process so you have a full understanding of that to expect as well as answer any questions you have.

Step 4

Search

Now the real work begins. We’ll help you search for your business, aide in signing confidentiality disclosures, provide details on the business, and more.

Step 5

Offer

We will walk you through the deal structure and help you construct a contingent offer. A purchase and sale agreement will be presented to the seller with a deposit for good faith and seriousness.

Step 6

Due Diligence

This is where we inspect the owner’s representations and make sure they are accurate. We will coordinate the efforts of your legal and accounting professionals and strive to satisfy all contingencies.

Step 7

Closing

The final preparations will be made for lease agreements, financing, utility transfers, and more to ensure a smooth transition. The purchase is usually completed with an attorney.

Step 8

Post Closing

Transitional training by the seller may include meetings with employees and clients, technical education, computer updating, and other essential knowledge transfer. We will be available to assist you with any questions or post closing requirements you may have.

Professional and easy to work with. I would recommend Transworld Business Advisors to anyone looking to buy or sell a business.

-Michael Gaut

BUSINESSES FOR SALE KNOXVILLE

TOP LISTED BUSINESSES FOR SALE

Consulting Engineering Business

Location: Knox County, TN

Price: $4,500,000

Down Payment: $3,500,000

Restaurant & Sports Bar

Location: Knox County, TN

Price: $850,000

Down Payment: $250,000

Behavioral Health Center

Location: Knox County, TN

Price: $195,000

Down Payment: $175,000

READY TO BUY A KNOXVILLE BUSINESS?

FAQ

Frequently Asked Seller Questions & Answers

Buying or selling a business can be a complicated venture. While some businesses are sold without the help of accountants and attorneys, we strongly recommend that both the buyer and seller engage professionals.

While the e-2 process is quite complex and we certainly recommend a consultant that specializes in obtaining visas, several of Transworld’s agents have done numerous E-2 transactions and can provide enough help to move you along the process.

Our website, www.tworld.com has a search page where you can look at over 4000 businesses.

Transworld is generally paid by the seller not the buyer. However, other costs do come into play. Legal and accounting fees are generally required and additional startup costs may also come into play.

Depending on the complexities of the business, the former owner will offer varying levels of training. On most small businesses, the owner will offer training for two to four weeks at no cost to the new owner.

As part of the acquisition process, you will have to go through “due diligence.” During this period the seller is required to present documents to verify his profit numbers.

No, while 100% of the purchase price is sometimes required, sellers will frequently provide owner financing to some extent. Additionally, a bank may be able to loan up to 80% of the purchase price through a loan sponsored by the Small Business Administration.

Businesses vary in price a great deal, however, it would be unlikely that one could buy a business with much less of a down payment than $50,000.

Receive the latest news

Subscribe To Our E-Newsletter


By submitting this form, you are consenting to receive marketing emails from: Transworld Business Advisors of Knoxville, 3232 Tazewell Pike, Knoxville, TN, 37918, http://www.tworld.com/knoxvillenorth. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact