Seller Question #2: How is My Equipment Handled in a Business Sale?
When you sell your company, the equipment used in the operation is included in that sale. Any asset that helps you generate revenue is part of your overall enterprise value, and those assets (in almost every case) need to be conveyed to the buyer free-and-clear of all debt as part of an asset sale, which […]
Prepare for the Business Valuation!
How to Sell a Cabinet Manufacturing Company
When you are looking to sell a wood cabinet manufacturing company, it is important to be prepared to go to market. In this article, we are going to discuss the factors that are involved in selling a cabinet manufacturing company as well as areas that you are able to benchmark to help improve the value. […]
Seller Question #3: What Responsibilities Will I Have After I Sell My Business?
Most business owners give a lot of thought to what they are going to do once they no longer own their companies. But with all the anticipation of retiring, traveling, spending more time with family, starting a new venture or simply slowing down, it’s easy to forget about what you’ll be doing immediately after the sale. All […]
Seller Question #4: How Important are my Business Tax Returns?
“I make a lot more money than my tax return shows.” If we only had a dollar for every time we’ve heard that! Most business owners wage a constant battle between clean, accurate tax reporting and tax liability minimization. No one likes to pay taxes, so this struggle is understandable, and most business owners will […]
Seller Question #5: Why Should I Consider Seller Financing?
Generally speaking, there is an overriding negative connotation amongst business owners when it comes to the subject of carrying a note as part of a business sale. While many of the seller financing horror stories floating around the golf course and dinner party are true, when seller notes are structured properly with equitable terms, they […]
Seller Question #6: How do I Maintain Confidentiality When Selling My Business?
Maintaining confidentiality during the process of selling your business is critical – there is simply no sugarcoating this statement. It does a business owner absolutely no good, and in fact can be potentially damaging to the business, if employees, customers, competitors or vendors find out your business is for sale. Buyers and Confidentiality Buyers happen […]
When Should I Sell My Business?
Business owners often begin with the end in mind. Because of this, it should come as no surprise that one of the most frequently asked questions from business owners today is, “When should I sell my business?” Of course, there are many factors that go into answering this question, and the specifics will be different […]
Finding the Perfect Buyers for Your Business
You’ve invested time, money, and countless other resources into your business, and it is understandable that you wouldn’t want to hand the business off to just anyone. You need to be sure that your buyer is the right fit, not only someone who is willing to pay the best price, but someone that has a […]
The Do’s and Dont’s of Increasing Value When Selling Your Fence or Deck Company
With property values and residential construction on the rise, it’s a great time to own a fence or decking business. Low unemployment and rising incomes have led to increased residential spending. The demand for fence and deck companies is high as homeowners look to install new fences and decks or upgrade existing structures. Over the […]
