Every business owner is capable of selling their own company. But when it comes to this major financial event, owners should consider whether “for sale by owner” is a smart strategy. The typical business owner is, by necessity, a good negotiator. They negotiate with vendors and customers on a regular basis. They certainly understand their...
BizBuySell, a leading business for sale website used by business brokers such as Sunbelt, reports that small business transactions are on pace to reach a record high in 2014. BizBuySell has been tracking small business sales since 2007. Their most recent report, which polls business brokers nationwide, shows: 18% surge in small business sales Median...
A client of Sunbelt Business Brokers was recently featured in the Wall Street Journal in an article titled “Finally, A Good Time to Sell the Business”. The article tells the story of Peter Schoon of Orono, Minnesota who wanted to sell his technology-services firm and retire with his wife. Despite the success the business saw...
Check out a recent article in Smart Business highlighting a recent nationwide survey of business owners by Securian Financial that reveals that 60 percent of all small business owners plan to leave their business in the next 10 years. [READ MORE]
Check out this short article from Forbes.com that touches on why you should sell your business including 1) Sale prices are up and there is more money on the sidelines 2) …….[READ MORE]
BizBuySell reports that owners are receiving higher prices for their companies and that the number of transaction saw an extreme increase of 49% in 2013. BizBuySell collects data from business brokers such as Sunbelt Business Brokers of Minnesota. In 2013 business brokers reported over 7,000 transaction up from approximately 4,700 transaction in 2012. The report...
Why is now Finally A Good Time to Sell? A recent Wall Street Journal article answers that question by evaluating a Technology company SOLD by Sunbelt. Chris Jones, Managing Partner for Sunbelt Business Advisors in Minnesota discuss the details of the article on Growing Your Business So You Can Exit in Style on The Patriot...
Once you start to market your business for sale, expect to receive requests for more information. In the business sale process “more information” is not delivered in bits and pieces and is given to serious prospects only after they sign a confidentiality agreement. Whether your business is smaller or impressively large, if you are selling...
Clients are understandably concerned about confidentiality when selling a business. Keeping the sale of a company quiet while we talk to as many qualified buyers as possible requires a methodical process. Here’s the Sunbelt process: The Target List: First and foremost we do our homework. Who should we approach and even consider disclosing to? What...
