BizBuySell

BizBuySell Q2 2024 Insight Report is live https://bit.ly/3YalTRY which gives you a detailed overview of how the business-for-sale market is progressing. Here’s a few highlights: ▶️ Transactions grew 5% over the past year and 3% from last quarter, now matching 2019’s pre-pandemic levels. ▶️ Median Sale prices are up 25%, service sector prices are up 17%, and manufacturing prices are up 31% ▶️ 42% of business buyers surveyed say performance is most important, followed by growth and location ▶️ Over a third (34%) of owners say performance has improved since last year, with 58% crediting an increase in customers.

You don’t want to put all your effort into building a business, then after cashing out, realize you sold it for much less than it was worth. If you take time before the sale to adjust or clean up your financial statements for an accurate valuation, you can make sure this doesn’t happen. Accurate and clean business financials along with recast financial statements are the foundational documents for a business valuation. Entrepreneurs, startups, and long-time business owners ready to sell need to put their company in the best financial position with strong business finances to get the biggest return on investment. Read on to discover the importance of accurate financial statements, strategies to recast financial statements to capture the true worth of your business, and how to use industry benchmarks for maximum value. Article By Melissa P. https://bit.ly/4dEoxV1

You're ready to market your business for sale, and your goal is to get your business in front of as many qualified business buyers as possible. You want to drum up enough interest to generate multiple offers and have options for negotiating the terms. Ideally, you would leverage several channels simultaneously so that you can consider multiple offers at the same time. That means tapping into various audiences, including the broad business for sale market, local business owners that may also serve your customers, your competitors, and your own professional network. Let's look at some of the options you have to make these groups aware of your intention to sell. https://bit.ly/3YZt284

Some businesses, such as historic landmarks or famous establishments, benefit from publicly announcing they're for sale. But for most businesses, maintaining confidentiality can be extremely important during the business sale process. If word that the business is being sold gets out to your creditors, customers, competitors, or employees, it could trigger a negative reaction, weakening your business momentum and therefore its value. Moreover, prospective buyers may become hesitant if they feel sensitive information has been shared with others. Once you start marketing your business for sale, confidentiality can be tricky, but less so if you're working with a business broker. Business brokers are experienced at fielding inquiries from would-be buyers and reaching out to prospects without ever mentioning you or your company name. If you're selling your business on your own, there are several steps you can take to ensure the sale of your business doesn't leak out prematurely. Here are 7 steps you can take to ensure confidentiality when selling your business. https://bit.ly/3MHS18N

Selling your pet services business requires careful planning, including establishing a selling price, planning your exit, leveraging expert advice, and finding potential buyers. This guide provides a step-by-step roadmap, offering insights and proven tactics to help you achieve a seamless and successful transaction. https://bit.ly/4dV0AZh.

Thank you for sharing this success story. We're thrilled that BizBuySell played a role in connecting Michael Campagnone with Minuteman Press and facilitating this smooth transition. By buying the established Hercules Press and transitioning it into a Minuteman Press franchise, Michael leveraged the benefits of a strong brand and support system, along with existing customer relationships, making it a valuable springboard for future growth. It's inspiring to see how businesses can continue to thrive under new leadership while maintaining strong community ties. Congratulations to both Michael C. and Michael Macrides on this seamless transition, and we wish you continued success in the years to come.

Selling your retail business is a complex and time-consuming process that requires putting a course of action in place to help you attract the best opportunities. Our roadmap will help you determine the value of your business, hire the right help, develop an exit plan, market your retail business to buyers, and help you navigate negotiation to help close the deal successfully. https://bit.ly/3X18mKa

When it comes to valuing and selling your website or e-commerce business, it's essential to carefully consider all the nuances. The BizBuySell team has assembled this guide to walk you step-by-step through the process of determining the value of your business and preparing it for sale. From selecting the right valuation method to marketing the sale and finalizing the deal, we've got you covered. https://bit.ly/3XhghVh

Advantages and Disadvantages of Buying a Franchise. https://bit.ly/4dFuUr5

When it comes to buying and selling a business, both parties must decide whether to structure the deal as an asset sale or a stock sale. These two different approaches to transferring ownership have implications for both the buyer and seller. This article will give you an overview of the differences and highlight the pros and cons for buyers and sellers. These transactions are complex, so it’s best to consult with professionals who can provide you with tax or legal advice based on your specific situation. Let’s take a closer look at each method to see some advantages and disadvantages. Article by Melanie Smollen https://bit.ly/3Az6jpr