And while the deal is in motion, sellers can’t take their foot off the gas. I’ve watched businesses lose momentum during due diligence because the owner got distracted. Revenue dips, the buyer gets cold feet, and just like that, we’re back to square one.
loi
Key Terms Every Tampa Business Owner Should Know Before Selling Their Business
Selling your business is a major milestone — one that can impact your finances, your family, and your future. But if you’re like most Tampa Bay business owners, you didn’t start your company with a sale in mind. That means you may be unfamiliar with the terms, processes, and language buyers and brokers use […]
Understanding M&A Documents: Why MOUs, IOIs, and LOIs May Not Suit Main Street Transactions
So yesterday afternoon I had a calendar appointment show up on my email. I had not spoken to the gentlemen before but that is not normal. When we got on the call we spoke at length about how they were trying to buy a business (no broker involved )and had gotten their attorney in involved. […]
IOI, LOI, CONTRACT
LOI, IOI, CONTRACT Michael Shea PA Senior Broker & Partner at Transworld Business Advisors,Mergers & Acquisitions, Lic Real Estate Broker Associate. 20 years plus of brokerage experience in Central Florida. July 16, 2024 So before anyone gets their panties in a wad….each has its place. But let me lay out the landscape I am […]
Business Glossary: A Guide to the Terms You Need to Know
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): EBITDA is a measure of a business’s profitability that excludes non-cash expenses. This is a useful metric for comparing the profitability of different businesses, as it removes the impact of financing decisions and accounting choices.