There is a financing change happening in the small-business acquisition market that sellers need to understand. And I think it is going to have a very real impact on how Main Street businesses get sold. The new SBA SOP changes are putting more emphasis on documented equity, guaranties, collateral, valuation, repayment ability and lender protection. […]
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10 Questions to Ask Before You Buy a Business
1. Why Are You Selling? The answer matters. Retirement is different from declining sales. 2. How Long Have You Owned It? Long ownership can provide valuable history. 3. What Does the Owner Actually Do? This determines owner dependence. 4. Who Are the Key Employees? You need to know who actually runs the business. 5. Who […]
The “Chronic Looker” Myth: Why Some Buyers Browse Dozens of Businesses Before They Finally Buy
Whether you’re actively searching for a business, preparing for an acquisition, or considering an exit strategy, having the right guidance can significantly improve your results.
Your Business Broker Should Be More Advisor Than Salesperson
A business owner knows their company better than anyone. However, an advisor understands the marketplace and the transaction process.
How Long Does It Take to Sell a Business in Florida?
“How long will it take to get my money?” Outside of “What is my business worth?”, this is the most common question Florida business owners ask when they sit down with a broker. They want a firm date so they can plan their retirement, map out their next venture, or finally take a breather. The […]