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Just Closed a Niche Wholesale Trading Business, $26 Million of Annual Sales
42 years in business, running inventory of $2 million, sold for $2.5 million, plus inventory of about $1.5 million. Low overhead. Was able to get the transaction funded using the COVID-19 Emergency Funding using SBA 7a Guaranteed Loan which the SBA pays the first six...
Now is the Time to Sell – Ask About SBA guaranteed 7a Loans with a buyer making no payments for 1st 6 months
This must be for a start-up loan or an acquisition of an existing business. This is HUGE! If you have thought of selling your business, now is the time, it presents a significant opportunity for a buyer. This program not been offered before and is...
The Ultimate Business Debt Solution
The Article 9 reorganization; Eliminate the majority of business debt - without bankruptcy, without new loans, without any legal messes or attorneys. How It Works When business debt becomes unsupportable or a sale/exit has become impossible, reorganization under...
Thinking about buying a business? Now is the time.
With all the new programs the government has passed, now is the time. While much of the focus of the CARES Act has been on the Paycheck Protection Program, which allocates $349 billion for new SBA loans to cover qualified expenses, the Act contained a key provision...
How Limiting Surprises Will Affect Your Final Sale Price
Surprises rarely work out to be a good thing in a business transaction. When you present a potential buyer with records of concurrent years of high sales figures but your business has an uncertain future, it can put your deal at risk. There are plenty of risks outside...
The 4 Phases of My Personal Valuation Process
Frequently, when I am working with a new business owner, they will ask me to help them come up with a valuation for their company as a starting point for negotiations. This is a loaded question considering there are many ways to measure the worth of a company....
FAQs for Exit Strategies
Business owners choose to sell for a variety of reasons. Some wait until old age to retire and pass the business down to their children. Others make quick sales at the height of their success to move onto new opportunities. While another group may choose to sell after...
How to Know When a Buyer is Backing Out of a Business Purchase
Securing a buyer for your business isn’t just about getting an offer. You still have to walk them through the deal. Depending on the contingencies in your offer, they could get out if they find another opportunity or get nervous. Fortunately, there are steps you can...
5 Great Business Lessons to Take Away from ABC’s Shark Tank
Watching ABC’s Shark Tank is a part of the weekly routine for many American families. The show tells the stories of aspiring entrepreneurs looking for investments and help with their budding businesses. But, for those who pay attention, Shark Tank is much more...
Business Valuation FAQs
Coming up with an accurate valuation for your business is the first step towards a profitable sale. Even if you aren’t putting your company on the market for a few years, knowing with your company is worth can help you shape your strategies to ensure a higher value...
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