Maryland Small Business Development Center

Legacy Business Transition Program

Serving Allegany, Garrett, Washington Counties in Maryland

Frostburg State University's Small Business Development Center (FSU) is pleased to announce a new program designed to assist, facilitate, and coordinate the ownership transition of existing businesses located within the I68 Regional Alliance Corridor. (Bedford and Somerset Counties in PA, Allegany and Garrett Counties in MD and Mineral County in WV)

The transition may consist of the sell or purchase of an existing legacy business or an exit strategy with the goal of keeping the business open and ongoing to provide direct employment and continue the offering of goods and services to the local communities and regions.

Sellers Buyers Listings Request Information

Sellers

Looking to sell your your business

For businesses located within the I-68 Regional Alliance Corridor (Bedford and Somerset Counties in PA, Allegany and Garrett Counties in MD and Mineral County in WV)

We will provide the following assistances for businesses that are looking to sell or establish an exit strategy with the goal of keeping the business opened and ongoing to provide direct employment and continue the offering of goods and services to the local communities and regions.

  • Analyze and prepare the business
  • Generate business valuation and deal structure
  • Help sellers with confidential business marketing package
  • Introduced potential buyers to the seller
Get more information

Buyers

Get help buying an existing business

For individuals or organizations that are interested and purchasing an existing business located within the I-68 Regional Alliance Corridor (Bedford and Somerset Counties in PA, Allegany and Garrett Counties in MD and Mineral County in WV)

We will provide the following assistances with the goal of keeping the business opened and ongoing to provide direct employment and continue the offering of goods and services to the local communities and regions.

  • Help with due diligence of business purchase
  • Help structure a letter of intent and or purchase agreement
  • Assist with business plan and financing purchase including employee purchases
  • Assist after transition to maximize success
Get more information

Listings

Find the perfect business for sale to start your new business

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Request More Information

Submit the form below for details about the Legacy Business Transition Program

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NOTE: Neither FSU nor SBDC will act as an agent of either the buyer or seller. The business owner will represent his or her business and the buyer will represent him or herself. All services provided by the FSU Small Business Development Center as part of the Legacy Business Transition Program are provided at no charge to the client. All information is confidential unless expressly authorized for disclosure by the client.

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