There are many factors that affect the sale and saleability of your business. Be prepared to address all of them with your broker and with your buyers.
Buying a business has many similarities to buying a stock. They both require appraising the value of a company to make sure that you buy at a price which will give you the ability to grow your investment and earn an income (dividend). A careful analysis will use many of the same tools for appraisal. [...]
There are hundreds of variables in selling a business and it is the Broker’s job to pay close attention to the details to make the business transaction a smooth one.
I recently participated in a Webinar on How to Buy a Business by industry expert Richard Parker (Diomo.com) and one of the topics discussed really hit home for me… There are 4 qualities of a business that will help a new small business succeed with his new purchase. The 4 components can be remembered with [...]
The first thing to consider when deciding to sell your business in media and entertainment (or any of the many creative business sectors including advertising, graphic, communications, branding and even consulting) is transferability. And it’s not just the creative skills that may need to be transferred, it is also the relationships that mean business to [...]
If the number one rule in business is to buy low and sell high then now is a terrific time to buy a business! 2009 was a rough year for the overall economy. Businesses across the board showed revenue declines that haven’t been seen in decades. Many business owners who were planning on selling their [...]
Yesterday, I drove to downtown LA to attend the Los Angeles VC and Angel Event put together by fundingpost.com. I heard about the event from one of the LinkedIn groups I joined called “On Startups – The Community for Entrepreneurs”. I thought, well at BizEx we get all kinds of requests from our clients who [...]
Want to know what your business is worth? BizEx Business Brokers has a fun and interesting tool available for small business owners. Just answer some basic questions and our site will show you the estimated value of your company. The valuation process is based on the Multiple of Earnings Method, which is the most common [...]
There are 14 franchise enterprises that focus primarily in the residential market. According to a recent report from information company FRANdata, the franchises of residential cleaning companies are growing at annual rate of 10% . There are two main Rules of Thumb for valuing these businesses. • 40% to 45% of annual sales plus inventory. [...]
Like most small business owners in Los Angeles and throughout Southern California, we’ve heard about the benefits of hosting our own blog. After exploring this further, we found out about the time commitment and it made us cringe. Two or three blog posts a week? We don’t have time for that. We are so busy; [...]
