Awning manufacturing and installation companies are taking advantage of recent residential and commercial growth Traditionally, the commercial real estate sector has driven the awning manufacturing and installation industry. While commercial projects are still the primary revenue sources for these companies, an increase in residential work has proven substantial. According to a 2017 report by Grand […]
Business brokerages are no different than any other businesses – there are good firms and there are bad firms. So how do you determine a bad business broker from a good one? First, don’t confuse a broker’s personality with his/her business practices. There can be very poor business brokers with likable personalities, so it’s important […]
What is My Business Worth? While it can be relatively simple to value a publicly traded company, there is so much confusion associated with how a non-publicly traded company is valued. In this article, I want to help clear up any confusion and help outline the well-tested and well-vetted process of how all businesses are […]
When you sell your company, the equipment used in the operation is included in that sale. Any asset that helps you generate revenue is part of your overall enterprise value, and those assets (in almost every case) need to be conveyed to the buyer free-and-clear of all debt as part of an asset sale, which […]
When you are looking to sell a wood cabinet manufacturing company, it is important to be prepared to go to market. In this article, we are going to discuss the factors that are involved in selling a cabinet manufacturing company as well as areas that you are able to benchmark to help improve the value. […]
Most business owners give a lot of thought to what they are going to do once they no longer own their companies. But with all the anticipation of retiring, traveling, spending more time with family, starting a new venture or simply slowing down, it’s easy to forget about what you’ll be doing immediately after the sale. All […]
“I make a lot more money than my tax return shows.” If we only had a dollar for every time we’ve heard that! Most business owners wage a constant battle between clean, accurate tax reporting and tax liability minimization. No one likes to pay taxes, so this struggle is understandable, and most business owners will […]
Generally speaking, there is an overriding negative connotation amongst business owners when it comes to the subject of carrying a note as part of a business sale. While many of the seller financing horror stories floating around the golf course and dinner party are true, when seller notes are structured properly with equitable terms, they […]
Maintaining confidentiality during the process of selling your business is critical – there is simply no sugarcoating this statement. It does a business owner absolutely no good, and in fact can be potentially damaging to the business, if employees, customers, competitors or vendors find out your business is for sale. Buyers and Confidentiality Buyers happen […]
Business owners often begin with the end in mind. Because of this, it should come as no surprise that one of the most frequently asked questions from business owners today is, “When should I sell my business?” Of course, there are many factors that go into answering this question, and the specifics will be different […]
