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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...
How a transaction is structured can make the difference
It is important to acknowledge that nothing is normal. Every transaction has it own issues. The mission is to consider which alternative method will allow the seller to get the best price possible and close the transaction. One real-life example is a business with a...
10 Burning Questions Every Buyer Wants Answered, reprint from BizBuySell.com
By The BizBuySell Staff If you are seriously considering selling your business, then you need to be prepared to answer questions from inquiring business buyers. Each business transaction is unique, but there are routine questions and common concerns that nearly every...
Just went to contract at full price, Medical Lab $6 million
Just closed a $3,650,000 design landscape business
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