All too often in business sales when negotiating a deal a seller or buyer and or their representatives look to defeat the opponent and “win”. Statistically speaking when reviewing outcomes of deals the reality is that when this approach is taken one simply does not win in the long term. Several years ago, there was […]
#business sale
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 […]
Scary Statistics in Business Sales
It is the time of year when we get the results from the listings sites for national stats on business sales. It is also when we as a company at Transworld Business Advisors review internal statistics. Now in most cases business brokers stats don’t mean alot but given that we are the largest and do […]
Price vs Value in buying a business
PRICE: The amount of dollars or consideration a buyer agrees to pay and a seller agrees to accept under specific circumstances surrounding a transaction. VALUE: The worth of something There is is….two simple definitions that drive the question of every #business sale in Orlando and anywhere else. Add to that mix conundrum the many #advisors […]
Rules of Thumb are for the birds
In the world of small business sales and mergers and acquisitions every buyer thinks every business is overpriced and every seller thinks its worth more than what you tell them. Over the years “industry experts” of which I am apparently one, bandy about “rules of thumb”. In other words….business X sells at 2 x cash […]