The Different Buyers You Might Encounter
If you’re selling a business for the first time, you might have a preconceived notion of the type of buyer that’s most likely to purchase your business. However, the truth is that sellers often get competitive and attractive offers from buyers that they were not expecting to have an interest in their business. Let’s take a look at some of the variety of buyers you might encounter on the path...Read More
The Complexities of Business Valuations
Many buyers and sellers are not aware of the complexities that go into appraisals for businesses. To get the most accurate results, a business needs to be looked at from a variety of angles. When completing a business valuation, we look at everything from comparable businesses to EBITDA. There are a lot of nuances involved that are customized depending on the business at hand. Without looking...Read More
How to Sell a Full-Service Catering Company
The accommodation and food industry in St. Louis brings in well over 1.6 million in a year. Have you put in the hard work to grow a successful catering company? If so, you deserve every penny it’s worth. Still, you may find it difficult to connect with the perfect buyer. You shouldn’t settle for anything less than what you’ve worked for. Are you wondering what strategies can...Read More
Why Do Sellers Often Face an Array of Surprises?
Experts recommend that sellers prepare years before they plan to put their businesses up for sale, and there are many good reasons why they make this recommendation. A wide range of factors can interfere with the sale of a business, ranging from life changes like divorce and burnout to a new competitor moving into town. Preparing to sell your business in advance will help prepare you for the...Read More
Buying a Business in St. Louis: A Due Diligence Checklist
Have you ever dreamt of running your own business? St. Louis is the perfect starting point, with over half a million small businesses in Missouri. But perhaps the intricacies and risks of building a business from scratch are too risky for you. There is another option, though, and that’s to buy an existing company. When you do that, you’ll need to carry out due diligence....Read More
The Main Reasons Why the Sale of Your Business Can Fall Through
Selling any business can be complicated. Finding the right buyer is one hurdle that must be overcome. However, even once the right buyer has been found, there are still many reasons why a deal can collapse. Unpredicted Events It is important to realize that you can do everything perfectly and “acts of fate” can still intervene and impede the success of your deal. For example, one issue is...Read More
Help Buyers to Understand How You Excel
No business is perfect, but when you are preparing your business to be sold, it is imperative that you lead with your strengths. That’s why it is important to work with a business broker or M&A advisor to identify, catalog and work to remedy any weaknesses. When presenting your business to prospective buyers, focus on your key selling points first and what makes you really stand out from...Read More
How to Transfer Business Ownership
There are over 32 million small businesses in the United States. Many businesses enter and leave their respective industries each year, but there are also times when people transfer ownership to another party. Closing a business doesn’t have to be a negative experience – it can allow you to cash out and enjoy your years of hard work. We’ve put together a brief guide on how...Read More
Take These Steps Before Buying a Business
If you’re buying a business, you might be feeling overwhelmed about all the details that are involved, especially if it’s your first business. Buying a business is certainly no small task, and that’s why you’ll want to dive into the process headfirst and make sure that you’ve carefully examined the business. Here are some of the most important elements to consider. While some of these...Read More
Difference Between an Asset Sale vs Business Sale
Ka-BOOM! That’s the sound of your mind about to explode with the revelations of what makes an asset sale different from a business sale. You might be a small or medium-sized business owner in the St. Louis metropolitan area. Your business could be in St. Charles County, St. Louis City, St. Louis County, or even the Illinois side known as “Metro East.” Wherever you are, you...Read MoreRecent Posts
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When business owners hear the term goodwill,... -
Selling a business isn’t just about finding...
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