You’ve worked hard for the successful business you have. Maybe you started it from the ground up, or maybe you purchased it a few decades ago and grew it into the well-respected business it is today. Either way, it’s a part of you and a part of your family. However, you’re starting to wonder if it’s time to move on. What are some signs that it might be time to sell your business?
It should go without saying that every business should have a website…and not just a website, but a great website. Still, there are many businesses out there who either have no web presence or have a website that is outdated. Why is a website so important? Here are 5 ways having a website can help you sell your business.
Join FACTORY for a Lunch & Learn with Eric Payne of Venture Advocates! Financing a business acquisition is almost always the hardest part of the due diligence and sale process. The importance of understanding the lending options available to you and how to best prepare should be done in months or even years before you are ready to buy, sell, or invest in a business.
If you’re considering retiring and selling your brick and mortar business we hope you’ve spoken to a professional and gotten your business valuation. Once that’s done, it’s time to consider the real possibility that at some point potential buyers will walk in your store. With this in mind, we offer the following tips for staging your store for potential buyers:
Our franchise consulting process starts by asking you a few basic questions. These questions then allow us to use information we’ve gained to narrow down that franchise search from 2,800 to a much more manageable number. By working through our questionnaire and providing us with valuable information, you can save yourself quite a bit of time and frustration. Working with us means finding a franchise with the right fit for you faster and easier than going it alone.
As business brokers, educating entrepreneurs on valuing a business is key. Knowing your business’s value will aid you in planning for the future - whether that means selling your business one day, buying a new business, or handing that business off to other family members when you’re ready to retire.
If the term “Family Office” is unfamiliar to you, you’re not alone. Most individuals outside of the investing and financial sectors aren’t aware of what a Family Office is or how it’s connected to venture capital or private equity funds.
Angel investors can be crucial to start-up businesses. When options for getting the funds necessary to start your business are limited, finding an angel investor is a valid option to consider
Business owners ask us all the time if they want to prepare to sell their business in a couple of years, what are the top 4-5 things they can focus on to maximize their business value, and how is business valuation calculated? In this workshop Eric will touch on recasting financial statements, finding industry rules of thumb, using sold market comparables, and the top 5 things any business owner should do right away to maximize business value and exit their business in style.
You’ve decided the corporate life, the 9-5 grind, just isn’t for you. You’re tired of working for someone else and want to be your own boss. You don’t want to start from scratch, so you’d like to start searching for businesses for sale. Great! Congratulations! Now you can begin to answer the hard question: what type of business should you buy?
