As a business broker, I help steer owners through the sale process. But, when a business isn’t up to date with the latest technology, it can complicate our plans. I recommend that all business owners create an exit strategy three years in advance of putting their...
Photo by Rakicevic Nenad from Pexels Now that 2020 is right around the corner, it’s time to come up with your resolutions. Some people like to change their diets, others choose this opportunity to quit smoking, and many will add “sell my business” to the list this...
Selling Your Business is Coming-up, As Is Your Facility Lease Coming Up for Renewal, What to Do? This is an important point for you and your business, depending on your type of business. For most businesses, have a location lease for five to ten years is important....
Planning an exit strategy for your business often doesn’t feel natural. After all, you’ve already been dedicating your time, attention, money, and energy to your business for years. Once you decide to sell, isn’t it time to focus on other things? Unfortunately, the...
The first restaurant chain I sold took longer than a year. After a lot of back and forth negotiation and a three-month-long closing process, the owner could finally make his move to the sandy beaches of Delaware. When he first came to me, he was wondering how to sell...
There is an alternative buyer you may not have considered, which is your employees. To qualify the company needs: At least $1 million EBITDA upwardsAt least 15 employeesMiddle management in place or the ability to put into place and take over the owner’s role...
