The key points a potential buyer will zero in on when browsing for a business are: Geography – is the business in the general area they are interested in? You know the saying about “location, location, location”! Is the business a type or industry the buyer can see...
If you were to log onto BizBuySell.com – the largest online service provider where businesses are sold –right now and put in “all” for a type of business with an owner benefit (EBITDA/SDCF) of more than $250,000, you won’t find much, if anything, that is suitable as a...
Robert (Bob) Dolan of Dolan Sales, Inc., a Lower Mid-Market M&A Intermediary, has become an affiliate of Generational Equity, which is now nearing $2 billion in transactions a year (www.genequityco.com). GenEquity has a team of experts to help put a value on a...
A 2013 study entitled State of Owner Readiness, prepared by the NE Ohio Chapter of the Exit Planning Institute, found that 83% of those surveyed did not have exit plans. This includes a plan on how to maximize the value of a business before going to market. Other...
As baby boomers and those older were growing up, it was common to think of selling a business and retiring at age 55, then enjoying the golden years. This was based on a life expectancy of 65 to 70 years. The current trend of life expectancy as 75 to past 85 changes...
Did you know that, according to BizBuySell.com, 80% of businesses listed for sale do not sell and 50% of the transactions that go to contract never close? These are five of the fatal mistakes to avoid when selling your business. 1. Failure to establish a realistic...
