You would never know it to look at my but some 30 years ago I was about 100 lbs lighter and was a distance runner. I had the joy and pleasure of running for a school with a long history of success in Cross Country and Track & Field. A large part of that success […]
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What Add Backs are Legitimate in an M&A deal?
An add back, for the uninitiated in M&A numbers, is an expense that is added back to the profits (most often earnings before interest, taxes, depreciation, and amortization, or EBITDA) of the business for the express purpose of improving the profit situation of the company. It’s a bit of alchemy; when you toss in enough […]
Murphys Law in Business Sales / Mergers & Acquisitions
Did you know that in Business Sales Nationally less than 20% of the businesses listed ever sell. Did you also know that 50% of what goes to contract dies before it ever gets to closing. Now with those types of statistics one would think that you would vet and choose your professional business broker or […]
The Misconception about M&A Brokers vs Main Street Business Brokers
I was approached yesterday by someone who said he was looking for a M&A brokerage to handle a big deal. I asked, why are you not considering me? His comment back was that “all i did was main street and he didn’t feel I had the resources.” WOW what a eye opening experience. But then […]
Business Brokerage & The Magnificent Seven
The other day I had a customer come to see me and they have a small business and its not doing so well, which on its own is not all that uncommon. What was striking is when they asked me “are we too small for you to work with?” That was striking. Then today a […]