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 […]
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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 […]
Legal Due Diligence at the M&A
Although Josh Logan at Achieve Legal in Orlando has oriented this to the M&A level of business sales there are some lessons to be learned from this youtube video. Good Legal counsel is critical in a deal.
The realities of small business ….on the streets of New England
So this last weekend I took a trip up to Rhode Island and Mass to see some Hockey (GO FRIARS!!) The nostalgia of returning to ones alma mater and the place of ones youth is always fun. That being said my mind never turns off as my my wife and I and our children went […]
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 […]