Learn How to Prepare Your Business to Sell-Feb. 26 GABB Meeting
UGA Small Business Development Center Consultant Daniel McCoy Just before retirement is not the best time to prepare your business to sell for an attractive price. Savvy business owners spend years thoughtfully preparing to transition out of business ownership. UGA Small Business Development Center consultant Daniel McCoy discussed ways that small businesses can prepare for the day when they...Read More
Ten Things to Do To Prepare To Sell Your Business
Loren Schmerler, former GABB Vice President If you want to sell your business, be sure to check the items on this list prepared by Loren Schmerler, CPC, APC the founder and president of Bottom Line Management. Loren is a founding member of the Georgia Association of Business Brokers as well as an experienced business broker. 1. Do you really WANT to sell?. Make sure you really “want” to sell....Read More
Determining Your Company’s Undocumented Value
Business appraisals are not one-dimensional. In fact, a good business appraisal is one that factors in a wide range of variables in order to achieve an accurate result. Indisputable records ranging from comparables and projections to EBITDA multiples, discount rates and a good deal more are all factored in. While an appraiser may feel that he or she has all the information necessary, it is...Read MoreNew SBA Loans on Hold During Government Shutdown
Business Buyers and Sellers and their Brokers may face an unusual stall on closing their deals due to the federal government shut down. GABB President Dean Burnette says, “I’m in the final stages of closing a deal right now. Fortunately, our SBA Lender got an authorization number the night before the shut down so we will receive our funds.” Experienced brokers understand that...Read More
Considering All of Your Business Real Estate Options
Most business owners don’t know what real estate options are available to them when it comes time to sell the company. Understanding the value of the real estate and the tax liabilities associated with it is important, according to a December 2018 article in Divestopedia describing options for business real estate when selling a company. Understanding one’s business real estate options will...Read More
Four Significant Issues You Need to Consider When Selling Your Business
The process of selling a business can be very complex. Whether you’ve sold a business in the past or are selling a business for the very first time, it is imperative that you work with an expert. A seasoned business broker can help you navigate through what can be some pretty rough waters. Let’s take a closer look at four issues any seller needs to keep in mind why selling a business. Number...Read More
What Sellers Don’t Expect When Selling Their Companies
In the proverbial “perfect world,” business owners would plan three to five years ahead to sell their companies. But, as one industry expert has suggested, business owners very seldom plan to sell; rather, selling is “event driven.” Partner disputes, divorce, burn-out, health, and new competition are examples of events that can force the sale of a business. Sellers often find, after they...Read More
The Importance of Understanding Leases
Leases should never be overlooked when it comes to buying or selling a business. After all, where your business is located and how long you can stay at that location plays a key role in the overall health of your business. It is easy to get lost with “larger” issues when buying or selling a business. But in terms of stability, few factors rank as high as that of a lease. Let’s explore...Read More
Day One is the Day to Prepare Your Exit
If you’ve just bought a business, one expert thinks you ought to start thinking about your exit. Pepperjam CTO Greg Shepard says entrepreneurs should think about partnering early on with those they believe will ultimately want to buy their business. His thoughts were outlined in an article “Planning Your Exit Should Begin When You Launch” in Entrepreneur magazine. Thinking Ahead...Read More