Archive for the ‘News & Update’ Category

Three Important Things to Keep in Mind When Selling Your Business

Wednesday, November 27th, 2019

Rising sale prices for businesses have presented sellers with an excellent opportunity to take the leap. In fact, 60 percent of owners are confident that they would receive a favorable sale price if they sold their business today. It can be tempting for owners to jump into a sale. However, it is important to have…

Is Your Tax Strategy Destroying Your Business?

Friday, November 1st, 2019

As business owners, we all know owning a business is not about how much money we make, but it’s about how much money we take home. Realize it or not, we all have an unwanted, silent partner in our business taking a large percentage of the profits….taxes. Most business owners do not want to pay…

3 Ways to Facilitate a Successful Sale

Thursday, October 17th, 2019

With 2020 approaching soon, you may be eager to sell your small business in the new year; however, it is important to plan carefully and make the move toward selling at the right time. Doing so, can have a positive impact on your selling price. Observing market conditions, preparing your business for would-be buyers and…

Why Do Business Owners Choose Gateway?

Thursday, September 26th, 2019

When you are ready to sell your business, it is important to use a business brokerage firm that has a great system in place. The first step is to develop a professional marketing package specifically for your business. This marketing package is what the potential buyer will review after they have signed a confidentiality agreement.…

When is the Right Time to Sell?

Thursday, August 22nd, 2019

The owner of a successful company is considering selling their business, thinking now would be a good time to sell. However, they are told by an outside adviser that since business is good, they should hold on to the business for a few more years and get a higher price for it. On the surface,…

What is the Difference Between a LOI and an OTP?

Tuesday, May 14th, 2019

Buying a business can be quite confusing especially when it comes to agreements, contracts, and the titles that go along with them. You may have heard someone use terms like term sheet, letter of intent, offer to purchase, and purchase agreement. They all sound similar but are they? Let’s break down them each individually so…

How Long Will it Take to Sell my Business?

Monday, April 22nd, 2019

There are many factors that influence how long your business is on the market. Some factors cannot be controlled, such as the current market condition in which you are selling. However, there are many factors that the seller has control of: • Asking Price in relation to Profit • Transparency of the financial information •…

Is Selling my Business like Selling my House?

Monday, April 22nd, 2019

The short answer is no and here is why selling your business differs from selling your house. Business owners are often looking to sell their business in the shortest amount of time possible. The sale of businesses is often compared to real estate sales and the expectation is often that the business will sell within…

More Offers Means More Money for YOU!

Monday, April 8th, 2019

It can be quite flattering when a Private Equity Group, or a client of your CPA or attorney makes an offer to buy your business. However, by accepting their offer, you are potentially missing out on many more offers that could drive up your selling price. Here is What You Need to Do: Take control…

2019 is the Year to Buy a Business!

Monday, March 25th, 2019

When thinking about becoming your own boss, you may have not considered buying an existing business. Buying an existing business can mean gaining access to new technology, territories, and products that would otherwise take years to grow and develop. In 2018, the financials of small business for sale reached record highs, enabling sellers to ask…