Please lean on your trusted business partners to be more informed about the changing environment. Here at Sunbelt Business Advisors, we love working with our partners for information and knowledge. The Minnesota Chamber of Commerce provided helpful information for how new policies will impact your business. Great information can be found: What happened in the...
As of January 1, 2025, certain entities are required to complete Beneficial Ownership Information* (BOI) reporting. Please note that this responsibility falls directly on you as the entity owner. Action Required: Ensure that you complete your BOI reporting by January 1, 2025, using this link (BOI E-FILING) For the filing, you’ll need: Basic information on beneficial...
So, you've calculated the TRUE EARNING POWER of your business. Now What? We apply a "multiple" to it. One of the most common methods of valuing privately held businesses of all sizes is using valuation multiples. But where do we find these multiples? First, let me tell you where NOT to find these multiples. DON'T...
In light of Donald Trump winning the election, here are some critical insights for small businesses, with a focus on why selling your business now might be more advantageous than waiting. Why Consider Selling Now? Current Economic Optimism The stock market immediately reacted positively to Trump's election, including some record highs. This optimism could translate...
From the Mpls/St. Paul Business Journal (Sept. 16, 2024): Best Places to Work: Sunbelt Business Advisors - Minneapolis / St. Paul Business Journal (bizjournals.com) Minneapolis-based Sunbelt Business Advisors earns its fourth Best Places to Work award this year. Leadership at the firm attribute its award-winning culture, in part, to matching employee charitable donations, sponsoring frequent...
By Keith Payne Licensed Business Broker, Independent Insurance Specialist, and Manuel Santana, Certified Business Appraiser As an independent insurance agency owner contemplating an exit strategy, whether through a complete sale or partial transfer, careful planning is crucial to maximize your agency's value and ensure a smooth transition. Recent changes to the Small Business Administration (SBA)...
MINNEAPOLIS - May 30, 2024 - Sunbelt Business Advisors President Chris Jones announced that three brokers received four awards bestowed by the International Business Brokers Association (IBBA). The awards were announced on May 21 at the IBBA Annual Conference in Louisville, Kentucky. IBBA Award Recipients: Robert Harris, Chairman’s Circle Award - Given to individuals who...
By Keith Payne Licensed Business Broker, Sunbelt Business Advisor In assessing the value of your photography-related business, it’s important to understand the 10 most important value drivers. Earnings are the first key value driver, reflecting your operations' financial health and economic outcomes. It's not just about total revenue; you need to consider whether your earnings...
News Release | Contact: Kent Kaiser 651-338-1777 MINNEAPOLIS – January 9, 2024 – Sunbelt Business Advisors today announced that the firm provided advisory services to Granite Water Works Inc. of Waite Park, Minnesota, in the sale of substantially all of the company’s assets to Core & Main LP. The transaction was finalized on December 4, 2023. Based...
