You’ve just advised your seller to accept the presented LOI and now need a lender to agree to finance this transaction. The only concern is the 3.4-Million-dollar goodwill piece included in the 4.0-million-dollar purchase price. The lender you typically use for most...
Most times, an entrepreneur does not consider the amount of capital invested/required for some types of businesses that will reduce value of the business when it comes time to sell. This includes large amounts of capital for equipment, inventory and/or leasehold...
Whether to start your own new business or buy one that’s already underway and generating income is a class question. If you look at the ROI of the total investment for a start-up business, you have to know the cost to purchase the assets/inventory needed, leasehold...
Most times, the owner of a business is concerned about what will happen to the company’s employees and customers after the sale. When you are dealing with a private equity group or another entrepreneur as the new owner, the question is whether they will keep what you...
It is smart to think ahead and get an estimate of what your business is worth today. I find that many business owners are very surprised to hear what their business is really worth at the last minute, with no time left to maneuver. At that point, they are stuck and in...
