Selling a business is a significant undertaking, and achieving the maximum sale price requires careful planning, expertise, and a deep understanding of the market. In this blog post, we’ll explore how a seasoned business broker, such as Michael Shea of Transworld Business Advisors, can play a pivotal role in helping you sell your business for […]
Selling A Business, Selling Your Company
The 2023 Business Landscape: Who’s Buying and Who’s Selling
In the ongoing aftermath of the pandemic’s financial toll, we find ourselves in a business environment characterized by resilience and growth. According to Transworld’s Main Street Market Report, business acquisitions have surged by over 32% from 2021 to 2022. This resurgence brings promising prospects for prospective buyers. To delve deeper into this upward trend, let’s […]
Why You Should Buy An Existing Restaurant As Opposed To Starting From Scratch
The owner leases a space, and gets a partner who is an expert because “he was in the industry”. They select a site, hire contractors, lease the space…and spend…the buildout was 350,000…floors, walls, hood system, plumbing, etc. All the while spending dollars on rent, insurance, and time in a location that is not producing any sales or profits.
The Dangers of Selling Your Business Without a Broke
Selling a business is a complex and time-consuming process that requires careful planning and execution. Many business owners wonder, “Do I need a business broker to sell my business?” While it is possible to sell a business without the assistance of a broker, there are several advantages to hiring a professional to help with the […]
Q2 Business Sales Data
While business transactions showcased a steady ascent in the past two quarters, there is a discernible downward trend in sale prices. The median sale price in Q2 saw a 14% drop to $300,000 from the preceding quarter. Moreover, the median asking price in Q2 experienced an 8% decrease over the same period.