Blog

Seller Question #2: How is My Equipment Handled in a Business Sale?

When you sell your company, the equipment used in the operation is included in that sale. Any asset that helps you generate revenue is part of your overall enterprise value, and those assets (in almost every case) need to be conveyed to the buyer free-and-clear of all debt as part of an asset sale, which most transactions are. While this sounds[…] When you sell your company, the equipment used in the operation is included in that sale. Any asset that helps you generate revenue is part of your overall enterprise value, and those assets (in almost every case) need to be conveyed to the buyer free-and-clear of all debt as part of an asset sale, which most transactions are. While this sounds[…]

How are Privately Owned Businesses Valued?

What is My Business Worth? While it can be relatively simple to value a publicly traded company, there is so much confusion associated with how a non-publicly traded company is valued.  In this article, I want to help clear up any confusion and help outline the well-tested and well-vetted process of how all businesses are assessed. What is My Business Worth? While it can be relatively simple to value a publicly traded company, there is so much confusion associated with how a non-publicly traded company is valued.  In this article, I want to help clear up any confusion and help outline the well-tested and well-vetted process of how all businesses are assessed.

You Might be Dealing with a Bad Business Broker if…

Business brokerages are no different than any other businesses – there are good firms and there are bad firms. So how do you determine a bad business broker from a good one? First, don’t confuse a broker’s personality with his/her business practices. There can be very poor business brokers with likable personalities, so it’s important not to[…] Business brokerages are no different than any other businesses – there are good firms and there are bad firms. So how do you determine a bad business broker from a good one? First, don’t confuse a broker’s personality with his/her business practices. There can be very poor business brokers with likable personalities, so it’s important not to[…]

The Truth About Confidentiality When Selling your Business

Keeping it quiet about the upcoming sale of your business is mandatory and really one of the most important aspects of selling your business. While it may be your preference not to tell anyone anything confidently, the reality is it will be imperative for you to reveal certain confidential aspects of your business.  You can be assured that if you[…] Keeping it quiet about the upcoming sale of your business is mandatory and really one of the most important aspects of selling your business. While it may be your preference not to tell anyone anything confidently, the reality is it will be imperative for you to reveal certain confidential aspects of your business.  You can be assured that if you[…]

Reasons to Consider Buying an Existing Franchise

You’ve decided you’re tired of corporate America or some other job that isn’t satisfying and you want to obtain the freedom that is only found in owning your own business. Many people in your shoes choose to buy a franchise. Often this is a good solution since franchises typically have a higher success rate than independent start-ups. You’ve decided you’re tired of corporate America or some other job that isn’t satisfying and you want to obtain the freedom that is only found in owning your own business. Many people in your shoes choose to buy a franchise. Often this is a good solution since franchises typically have a higher success rate than independent start-ups.

How to Sell a Machine Shop – Manufacturer

The machine shop and Precision machined products industry is very desired and can be a very sellable type of business.  When you are trying to evaluate the possibility of selling your business there are a number of factors to look at to determine if your business is sellable and to get a good idea of what your business is worth. Whether you own a[…] The machine shop and Precision machined products industry is very desired and can be a very sellable type of business.  When you are trying to evaluate the possibility of selling your business there are a number of factors to look at to determine if your business is sellable and to get a good idea of what your business is worth. Whether you own a[…]

5 Things to Include in Your LOI (Besides the Purchase Price)

Your letter of intent (LOI) is a critical piece of the business acquisition puzzle. But if that’s the case, then why are so many LOIs poorly constructed? At the end of the day, sellers are going to compare terms from one LOI to another, and these terms are what set you apart from other interested buyers. Your letter of intent (LOI) is a critical piece of the business acquisition puzzle. But if that’s the case, then why are so many LOIs poorly constructed? At the end of the day, sellers are going to compare terms from one LOI to another, and these terms are what set you apart from other interested buyers.

How To Sell A Machine Shop

So you think you are ready to sell your machine shop business? After all the years of dedication you have put into starting and building a successful machine shop, you’ll want to cash in on that investment. So you think you are ready to sell your machine shop business? After all the years of dedication you have put into starting and building a successful machine shop, you’ll want to cash in on that investment.