- CountyMiddlesex
- Where business happensKendall Square, Central Square, Harvard Square, Alewife
- Who sells hereLab suppliers, restaurants, tutoring and service firms
What buyers see in Cambridge
Cambridge combines university life, a major life sciences cluster and busy neighborhood squares. Sellers range from lab suppliers and consultants to restaurants, printers and personal service shops.
Buyers like the steady customer base but worry about high rents and parking. Show how your location and customers have held up through changes.
What raises the price here
A written lease with years remaining carries real weight, since commercial space is expensive. Customers on recurring contracts also help, as seen in the page on lab services companies.
Document your add backs and keep the books current with your CPA.
Cambridge paperwork to expect
A Cambridge company files a business certificate with the city clerk, and the clerk can tell you the steps for a change of owner. Read the business certificate guide before closing.
State tax accounts come next. See closing sales and meals tax accounts.
Questions a Cambridge buyer will ask
Buyers ask why you are selling, how long key people have stayed and whether the lease can be assigned. Expect requests for tax returns, a profit and loss statement, a balance sheet, bank statements and an asset list.
Tax returns and bank statements are usually shared only after a buyer signs an NDA and shows proof of funds.
Next step
If your Cambridge company brings in about a million dollars a year or more, request a value estimate or call (617) 555-0158.
