10 Questions Buyers Should Ask Sellers
At its core, the entire process of searching for and buying a business is centered on asking questions and gathering information. How else can a buyer make an educated decision about whether or not to buy a particular business? While there are literally hundreds of questions buyers will ask throughout the process, here are 10 […]
How To Sell A Machine Shop
So you think you are ready to sell your machine shop business? After all the years of dedication you have put into starting and building a successful machine shop, you’ll want to cash in on that investment. The machine shop and precision machined products industry is a very desired business type and thus can be […]
5 Things to Include in Your Letter of Intent (Besides the Purchase Price)
Your letter of intent (LOI) is a critical piece of the business acquisition puzzle. But if that’s the case, then why are so many letter of intent’s poorly constructed? At the end of the day, sellers are going to compare terms from one LOI to another, and these terms are what set you apart from […]
How to Sell a Machine Shop – Manufacturer
The machine shop and Precision machined products industry is very desired and can be a very sellable type of business. When you are trying to evaluate the possibility of selling your business there are a number of factors to look at to determine if your business is sellable and to get a good idea of what your […]
Reasons to Consider Buying an Existing Franchise
You’ve decided you’re tired of corporate America or some other job that isn’t satisfying and you want to obtain the freedom that is only found in owning your own business. Many people in your shoes choose to buy a franchise. Often this is a good solution since franchises typically have a higher success rate than […]
The Truth About Confidentiality When Selling your Business
Keeping it quiet about the upcoming sale of your business is mandatory and really one of the most important aspects of selling your bsiness. While it may be your preference not to tell anyone anything confidently, the reality is it will be imperative for you to reveal certain confidential aspects of your business. You can be […]
Seller Question #1: How Can I Get a Higher Price For My Business?
This seems simple enough. If you want your business to be worth more, then just increase the revenue and profit, right? While that’s an obvious, simple answer to Seller Question #1, it’s not necessarily the most realistic solution. I’m sure you’ve seen or experienced a situation where two businesses from the same industry and relatively […]
How to Sell an Awning Manufacturing and Installation Company
Awning manufacturing and installation companies are taking advantage of recent residential and commercial growth Traditionally, the commercial real estate sector has driven the awning manufacturing and installation industry. While commercial projects are still the primary revenue sources for these companies, an increase in residential work has proven substantial. According to a 2017 report by Grand […]
You Might be Dealing with a Bad Business Broker if…
Business brokerages are no different than any other businesses – there are good firms and there are bad firms. So how do you determine a bad business broker from a good one? First, don’t confuse a broker’s personality with his/her business practices. There can be very poor business brokers with likable personalities, so it’s important […]
How are Privately Owned Businesses Valued?
What is My Business Worth? While it can be relatively simple to value a publicly traded company, there is so much confusion associated with how a non-publicly traded company is valued. In this article, I want to help clear up any confusion and help outline the well-tested and well-vetted process of how all businesses are […]
