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...
Since the start of 2012 Sunbelt Business Advisors has completed over 50 small business sales in various industries such as retail, manufacturing, distribution, service, automotive, health and franchise sales. A recently sold service business sold in 66 days from listing to close. Another business for sale in the automotive industry sold in just 52 days....
Multiple offers, a sign of strength in business sales A sure sign buyer activity is on the rise is the return of multiple offers. Business sales were up nearly 4% in the first quarter of 2012 according to BizBuySell, the internet’s largest business for sale marketplace. Over 1,700 business were reported as sold which is...
(Excerpt from Selling Your Business for Dummies – co-authored by the CEO of Sunbelt, the world’s largest business brokerage firm) Here’s a stunningly disappointing fact: Within the business brokerage industry, research shows that nine out of ten people who search for businesses for sale never close a deal. And of those who do close, they...
Cash down plus a seller-financed note (Excerpt from Selling Your Business for Dummies – co-authored by the CEO of Sunbelt, the world’s largest business brokerage firm) More typical than an all-cash deal is a deal where the buyer pays a portion of the price at closing and signs a promissory note to pay the rest...
