Archive for the ‘News & Update’ Category

Planning your Exit Strategy: Key to Continued Success

Monday, April 4th, 2016

Business Owners should take some time to assess their financial knowledge and skills. Financial Literacy is the knowledge and understanding of financial matters, which would allow an individual to make informed financial decisions. Business Owners make hundreds of decisions every week, ranging from the type of coffee to have in the break room to developing a marketing…

Seller FAQs: The Closing Process

Wednesday, March 16th, 2016

After receiving  a Letter of Intent or Offer to Purchase, the closing process can begin. Closing a business is a complicated process and involves several types of paperwork. Many Business experts recommend working with a professional closing organization and a professional closing officer. While you will only sell your business once, a closing organization handles…

Seller FAQs: Owner Financing

Monday, March 14th, 2016

The first logical question is what is owner financing? In the most basic terms, Owner financing is a loan given to a Business Buyer that comes from the revenues of the business. The rest of the purchase price is covered by the Buyers down payment and other financing. While not always necessary, the majority of…

Seller FAQs: Time

Monday, March 14th, 2016

Business owners are often looking to sell there business in the shortest amount of time possible. Because the sale of businesses is often compared to real estate sales, the expectation is often that the business will sell within a 30-60 day time frame. This is not an accurate expectation, and thus, it can take much…