By Sunbelt Business Advisor, Richard Jahnke. Featured in Electrical Association Newsletter. Why would you sell? Perhaps you are bored with the daily routine. The industry may have changed in ways you don’t want to have to accommodate. You may want to retire, but there are no family members who are ready or willing to step...
Statistics show that only 20 to 30% of businesses that go to market actually sell; leaving up to 80% of those without solid options to harvest their wealth and ensure economic continuity into the next generation. An owner who is “ready” with an attractive business greatly increases the odds that the business will survive a...
Provided by Credit Bench Why is seller financing sometimes needed on business acquisition deals? Answer from a lender perspective: Lack of buyer industry experienceLack of buyer business ownership experienceLimited buyer liquidity for either down payment or post close cash What are the advantages of seller financing to the seller: Maximizes selling priceSells business fasterGreat rate...
--Second Year in a Row, Only Firm Ever to Win All 3 First-in-Class Awards MINNEAPOLIS – May 22, 2023 – Sunbelt Business Advisors President Chris Jones announced that the firm was awarded all three first-in-class team awards bestowed by the International Business Brokers Association (IBBA). The awards were announced on May 21 at the IBBA...
--Will Provide More Flexible Succession-Planning and Exit Options for Business Owners MINNEAPOLIS – MAY 15, 2023 – Sunbelt Business Advisors President Chris Jones today applauded Small Business Association (SBA) revisions to rules on 7a loans (the SBA’s most common loan program) that will allow a business owner to do partial sale of a business and...
By Sunbelt CEO Brian Slipka, Minneapolis, MN, US The FT has reported that since the Silicon Valley Bank collapse, we have seen a massive “flight to quality”, with customers flocking to large US financial services companies such as JPMorgan Chase, Bank of America, and Citigroup (“Big US lenders flooded with new customers," Report, March 15). The flight...
By Sunbelt CEO Brian Slipka, Featured in DC Journal We hear constant news of massive layoffs at major corporations, especially in the technology industry. Yet, the Bureau of Labor Statistics announced that 517,000 jobs were created in January. That announcement accompanied news that the unemployment rate had fallen to 3.4 percent, the lowest since 1969. Longstanding assumptions about what drives and...
By Peggy DeMuse Licensed Business Broker, Sunbelt Business Advisor, Featured in Upsize Magazine When a business owner is planning their exit strategy, they should seek to minimize risk and maximize net proceeds from the sale. Seller financing can be a powerful tool in this regard. Seller financing drives higher prices Business buyers are also looking to...
See our recently sold Automotive Businesses. Cover Story AASP-MN News October 2022 Featuring Bradley Peterson, Sunbelt Business Broker Running a shop – automotive or collision – presents many challenges that keep owners busy, day in and day out. Their lives revolve around the business, and while some of them love it, others are counting the...
