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Structuring Larger Goodwill Transactions There are More Options then you Might Think
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...
Consider the Attributes of Resale Value When Choosing a Business to Start
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...
Start-up Business vs. Buying a Cash-flowing Business?
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...
Selling Your Business with $1 Million-plus EBITDA
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...
Knowing the facts and having a plan to sell your business…
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...
Getting to finish line as buyer of highly desirable acquisition
If you have been looking to buy a business, you know that a high-quality business, with a strong profit margin, owner benefit of over $300,000, repeat customers, good accounting records, etc., is very hard to find. Here are some tips to avoid shooting yourself in the...
Get Mentally Prepared for Due Diligence
Depending on the size of the transaction, due diligence can take the most energy and patience of any step in the sales process. Prepare yourself mentally for a slog. There is no shortcut and it is required to provide almost any requested information to validate your...
The Main Drivers of a Higher Business Valuation
As with real estate, the value of a business is primarily based on what comparable businesses have sold for, in same business category, in the recent past, with a similar owner benefit range — also known as seller discretionary income — and geography. From the...
SEVEN STEPS TO SELL YOUR BUSINESS
The selling process is fairly straight forward but can be more complex and take more time depending on the size of the business. In general, most sales will be structured like this: Get A Valuation Prepare Your Financials Develop Your Prospectus Market Your Business...
Just closed: $6 million toxicology medical lab transaction
Dolan Sales, Inc. just helped a client close a $6 million sale of a toxicology medical lab. Dolan Sales, Inc. focuses on lower mid-market transactions in a wide spectrum of industries and a network of qualified buyers. Bob Dolan, the principal of Dolan Sales, Inc., is...
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