Saipan A1 Real Estate offers full business broker services for the CNMI.  Would you like to own a business on a tropical paradise US tax free island in the Asian SW Pacific?  Welcome to the tropics of the Northern Marianas Islands!                                                                              

                                                                      Read the information below if you are interested in moving to, selling a business, or buying a business in the CNMI.

10 Steps to BUYING a Business

1. Your commitment to be honest and diligent throughout the buying process.

2. You sign an agreement promising to maintain confidentiality for all the information provided to you on the businesses we discuss.

3. You provide us with information about yourself, such as contact information, experience background, types of businesses desired, regions desired, and financial information.

4. We mail or email to you a sales packet on each of the businesses you are interested in.
5. We schedule a phone conversation or on-site meeting with the Seller. This gives you the chance to ask questions you may have about how the business operates and to describe your qualifications to the seller.

6. You write, with our assistance, a short Letter Of Intent To Purchase for the business you like - including a good faith deposit and any contingencies.

7. The seller accepts the offer as it is written or writes a counter offer.

8. Purchasers will diligently address any and all contingencies specified in their Letter Of Intent, and begin drafting an Asset Purchase Agreement.

9. Once you have reviewed and accepted all contingencies, you remove all contingencies in the Agreement. It is now a binding agreement and your earnest money becomes non-refundable.

10. A third party attorney will conduct a formal closing (escrow) of the business. Fees for the closing will be split equally between Purchaser and Seller.

Would you like to live in a layed back, tax free US commonwealth island in the South Pacific, known for unequalled weather, crystal clear water, and a golfers dream come true.....welcome to paradise, WELCOME to the ISLAND of SAIPAN!!!

A Gallup Poll has shown that 65% on men over age 21 would like to own their own business and 79% would would like to leave the rat race behind for an exotic tropical island.

The motivations are simple: quality of life, better life for the children, job security, control of your own destiny, financial independence, more freedom, tax breaks, more income, and the ability to build equity in something that you can some day sell for a lump sum or take a payout for retirement.

Many buyers think businesses are for sale just because the owner is not doing very well or in distress, however, there are many valid reasons businesses are sold everyday. These include: illness, retirement, partnership disputes, relocation, desire to upgrade or downgrade, no longer challenged, or simply and most often business owners want a change after putting in ten to twenty years in the same industry. This is completely normal.

Why buy an established business vs. starting new?

An established business has steady customers, a proven need for the products, services, and location, and is very transferable with training. Understand that 57% of “new” businesses fail within the first 3 years. This statistic alone supports the need to buy an established business with a solid reputation, good employees, and products and services that are already in demand with growth potential going forward. A new owner of an established business can take something that is very well established, make it their own, and take it to the next level with new energy, capital, ideas, and very often better management skills.

Our office will work with you to explore your areas of interest, your background, your financial ability, and your personality to find the businesses that will be the best fit for you. The business cash flow and the growth that you bring should be enough to cover debt payments and provide income for your lifestyle. After the first year it should provide a solid return on your initial investment (down payment).

My job as a business broker is to educate, negotiate, save you time and money, present facts, and bridge the gap between the buyer and seller. Your job is to communicate, ask good questions, and to be honest and speak freely.

Congratulations, you are in business!
 

Selling your business is one of the most important transactions you'll ever undertake. You owe it to yourself, your family and your employees to approach this sale with the same careful planning and dedication that you put to work in building your business.

If you are considering selling your business in the next 24 months, call or email us today for a free consultation.
What is the best time to Sell?
The best time to sell is when the business is doing well. If the business has started to decline, the sale price may suffer. However, almost any business can be sold, even if it is not doing well -- if the sale is held properly and priced correctly.
What is your business worth?
A company's value depends on many factors such as:cash flow, asset values, financial history, condition of the equipment and premises, favorable lease terms, competition, location, and the economy.

By analyzing your business and comparable sales in your industry, we can advise you on the proper pricing strategy for your business.
Selling Confidentially
We pride ourselves on maintaining strict confidentiality!

At no time will the owner's name, the name of the company, or location of the company be given out over the phone.

ALL buyers are required to complete a thorough Buyer Profile and sign a legally binding Confidentiality Agreement before any marketing material is presented to the buyer.

Why Business Valuation?
The business valuation (also called business appraisal) can be used for many reasons.

The top 5 reasons to obtain a business valuation are:

1. Divorce / Litigation

2. Obtaining Financing

3. Planning For Sale

4. Gift Tax / Estate Tax Planning

5. Conducting Annual Reviews

How Do We Establish Value?
Ultimately, the business is worth what the market will bear. This means that the business is worth the highest price a Buyer is willing to pay! With that said, although we look at multiple valuation methodologies, there are four that generally carry the most weight. They are:

1. multiple of earnings

2. comparable transactions analysis

3. asset-based valuation

4. discounted cash flow analysis

Valuation experts will value a company with more than one of the methodologies simultaneously, comparing results among the different approaches to determine a correct valuation, all the time keeping in mind the strengths and weaknesses inherent in each approach.

How Do We Get Started?
All businesses are different. Some businesses keep great books and records. Others keep very little. We can work around any situation. However, to get started, most often we require:

1. Signed engagement letter.

2. A check for half of the agreed upon fee.

3. Three to five years of business tax returns or profit-and-loss statements.

4. Current year-to-date profit-and-loss statement.

5. Current balance sheet.

6. Approximate value of furniture, fixtures, equipment, and inventory

How Long Does It Take?
Limited Scope Appraisals and Statements of Value, which are often used for obtaining lender financing, planning for sale, or conducting annual reviews, can typically be completed within 5-10 business days.

Full Appraisals, which are typically required for any form of tax planning or litigation will require 3-4 weeks to complete.
How Much Does It Cost?

The cost of the valuation varies by many factors including purpose for valuation (whether for internal or external purposes, acquisition or litigation), business size, type of corporate identity, years in business, whether the business has clean books, etc.

The average fee for Limited Scope Appraisals and Statements of Value is 800. to 1200. dollars and takes 5 to 7 days.

Saipan broker services currently has six businesses for sale:

1) Dive shop includes hotel and pool

2) Beach bar

3) Seaside restaurant

4) auto parts store

5) Established local restaurant

6) Hotel

Do you have a business to sell?  Would you like to invest in a business opportunity?

Call, email, or fax the Saipan Hotline.