Determining how much your business is worth so you can decide how much to sell it for is an important issue. Obviously, you do not want to price it too low and leave money behind, but you also do not want to run buyers off by asking a price they find out of line. The...
What is the #1 question business owners ask? Chris Jones, managing partner for Sunbelt Business Advisors answers this question and more on The Patriot Radio AM1280 [audio mp3="https://www.sunbeltmidwest.com/wp-content/uploads/2016/12/botw-sbb-1-072213.mp3"][/audio] Sunbelt helps people confidentially buy and sell businesses whether you plan on selling your business now or in 10 years. Find out what your business is worth...
Who Should Help You Sell Your Business – Assembling Your Business Sales Team Before putting the sale into motion, tap into the expertise you need to construct, negotiate, and steer your sale to a positive end. Work with your accountant, attorney, and broker – all under the protection of confidentiality agreements – instead of relying...
Strengthen Your Business Before Sale The stronger your business is before you put it up for sale, the quicker it will sell, and the higher the price it will command. The most obvious attribute you want to present has to do with the financial condition of your business. because almost all buyers will want to...
Of all the factors that affect the sale readiness of your business, its financial condition tops the list. It-s difficult to look attractive to a prospective buyer unless you can showcase a good financial history with growing revenues and earnings, all documented in well-presented financial records Your business may keep financial records in the form...
To paraphrase Paul Simon, you have nearly fifty ways to leave your business and selling comprises six of them. Your selling options range from the obvious cut-all-the-strings approach by selling your business outright to selling off a portion of your business, ridding yourself of some of your responsibilities while staying involved for some time into...
The article linked below here asks a good question. It’s interesting to think about what affects business sales have on the economy and vice versa. Below are a couple of quotes from the article discussing this question. What are your thoughts about business sales related to the economy? “A healthy market for business succession means...
EXIT PLANS: HAVING ONE IS IMPORTANT By: Bart A. Basi and Marcus S. Renwick INTRODUCTION Starting and running a business can be challenging. Most business owners are intent on getting the day-to-day and year-to-year tasks done. For them making money in business means ultimately showing positive cash flow and a bottom line profit. With this...
Brokering the Sale of a Small Business Richard Jahnke, Sunbelt Business Brokers and Marissa J. Ulstad, Fafinski Mark & Johnson, P.A. Written for the Minnesota Shopping Center Association – August 2012 Newsletter Small businesses drive the American economy. Of the estimated 27 million business in the United States, 99% fall under the U.S. Small Business Administration’s...
