Photo by Rakicevic Nenad from Pexels Now that 2020 is right around the corner, it’s time to come up with your resolutions. Some people like to change their diets, others choose this opportunity to quit smoking, and many will add “sell my business” to the list this...

Selling Your Business is Coming-up, As Is Your Facility Lease Coming Up for Renewal, What to Do? This is an important point for you and your business, depending on your type of business. For most businesses, have a location lease for five to ten years is important....

Planning an exit strategy for your business often doesn’t feel natural. After all, you’ve already been dedicating your time, attention, money, and energy to your business for years. Once you decide to sell, isn’t it time to focus on other things? Unfortunately, the...

The first restaurant chain I sold took longer than a year. After a lot of back and forth negotiation and a three-month-long closing process, the owner could finally make his move to the sandy beaches of Delaware. When he first came to me, he was wondering how to sell...

There is an alternative buyer you may not have considered, which is your employees. To qualify the company needs: At least $1 million EBITDA upwardsAt least 15 employeesMiddle management in place or the ability to put into place and take over the owner’s role...

I once had a friend, we’ll call him Frank, come to me for help selling his office cleaning business. He had a good size company with about ten employees. He owned all of the equipment and had thorough and consistent cleaners on the payroll. For years, his business...

As a business owner, most of your decisions are made based on the numbers. You know how much it will cost to expand, how much you’re willing to spend on technology, and how many employees you need to get the job done. But, you also know there are a lot of decisions to...

Here is what it takes: Clean owner benefit over $2 million dollars a year. Tax Returns can be tied to Financial Statements.Repeating customers, ideally under a contract.Accounting records which can be shown month by month and exported to MS Excel.Middle management.A...

In the United States alone, more than 10,000 people retire every day. But, most of those people don’t own their own business. All they have to worry about is cashing in their retirement plans. But, you have one more big challenge before your final clock out - getting...

Declining sales and profits are a BIG DEAL when it comes time to sell.  No matter how hard you try to explain it, the facts remain, which creates uncertainty.  This is also an issue for a buyer to get bank financing.  Most lenders won’t make loans to...