Once the sale of a business is complete, the closing documents have been signed, and you leave the closing agent’s office, the Familiarization period begins. This is the time when buyer and seller work closely together to ensure a smooth handover from one owner to the next. What this handover looks like will vary from …
If you are thinking that it might be the right time to consider your exit strategy from your business, then it’s a good idea to get in contact with a Business Broker to find out how they can help. Here we outline the main ways that a Business Broker can be of service to a …
Your Exit Strategy: How A Business Broker Can Help Read More »
In order to get an SBA-backed loan to purchase an existing business, there are many pieces of the puzzle that need to fit just right. The business needs to qualify. The lender will want to see strong provable financials, and they will need to verify that the business has enough cashflow to cover the debt, …
As Business Brokers, one of the biggest factors that we look at when we are considering taking on a new listing is the salability of a business. Given all of the information we have at the time, coupled with our experience, do we think that this particular business is likely to sell? We’ve been surprised …
1) Why are you selling? This question might seem obvious, but be prepared to answer it nonetheless. If you are retiring or relocating, those are easy and clean-cut answers. However, if the answer is something more complicated, like you and your business partner are no longer getting along, or you are burnt out and have …
5 Buyer Questions That Sellers Should Prepare For Read More »
