“We started this business twenty years ago and now we’re tired and we want to retire.” This is becoming a very common statement. Perhaps you have used a similar phrase. Millions of Baby Boomer who’ve built small businesses over the past 30 years are due to change hands within this decade. About half will be … Read More »
Business Succession Design: How Can I Sell To My Employees?
What’s the VALUE of Your Business?
BUILT TO SELL – Video Series Part II – One Day My Price Will Come – Value/2 Minute – Are you prepared for a buyer’s offer??? How much $$$$ are you leaving on the table? Dan Stone – Principal, Transition360 – Buyers and banks can spend countless months kissing a business before making a serious commitment. Being well prepared … Read More »
Access To Capital For Small Businesses Saved By Congress 7(a) Lending Resumes Thanks To H.R. 2499
Washington, D.C.—Tony Wilkinson, President of the National Association of Government Guaranteed Lenders (NAGGL), issued the following statement today after the passage of H.R. 2499, a Chairman Steve Chabot (OH-1) bill as amended by Chairman David Vitter (R-LA), two Congressional champions of small business job creation. In addition to helping our veterans gain access to capital … Read More »
ALERT: Potential SBA Appropriation Shortage
ALERT: Potential SBA Appropriation Shortage Over 85% of our Clients, both Sellers and Buyers, now benefit from or are planning to use one of the SBA Loan Guarantee Programs. In addition to new owner Acquisition Funding, our value development for exit planning relies on … Read More »
So You Think You Wanna Exit ?
BUILT TO SELL – Video Series Part I – Strategic Growth Initiatives/2 Minute – How Much $$$$$ Are You Leaving On The Table? Terry Wyman – Principal, The Alliance Builders – Understanding how your company, IP, processes and systems are valued, helps you prioritize where to spend your time and energy as you prepare your business for … Read More »
MERGER? ACQUISITION? Finance ME!!! Where to Look for Help!
Companies with less than $10 Million of annual EBITA are generally considered to be in lower-middle market business segment. These companies are typically privately-held and/or family owned. Prior to the most recent recession that began in 2007, the lower-middle market segment had been almost exclusively served by Banks, which hadn’t been met with any serious … Read More »
I wuna retire, what’s my business worth?
OK, I’ll tell yah. I’m not going to dance around and throw out formulas or “Rules of Thumb”. I’ll deliver a straight answer. No double talk. No “consult your accountant”. No “call my 800-number”. A small business is worth what it can afford to pay for itself, period. Of course there are just a few … Read More »
Pay More Tax, It’s a Great Investment…
Hard to believe? Mark thought so when I told him he could retire in a little over 2 years if he invested another $45,000 in federal income taxes. Mark makes about $160,000 a year in salary and ordinary income from his specialty equipment rental business. While walking toward the door he remarked, “I save at … Read More »
Business Broker SBA Guidelines for 2014
What are buy/sell financing options that are working in todays economy? Business Acquisition Lending Cash Flow Requirements: 1) Cash Flow Coverages 1.15 to 1 debt service coverage ratio required for any loans greater than $350,000. 1.1 to 1.0 debt service coverage ratio required for any loans less than or equal to $350,000 PLUS 1.0 to … Read More »