The first job facing many prospective business owners is rounding up the cash necessary to make the purchase. They may find that banks have made borrowing difficult (or all but...
Government financing and venture capital financing account for less than one percent of all new business financing. Sixty-seven percent of all small to mid-sized businesses are financed by personal savings...
Sellers generally desire all-cash transactions; however, oftentimes partial seller financing is necessary in typical middle market company transactions. Furthermore, sellers who demand all-cash deals typically receive a lower purchase price...
Three years of profit and loss statements
Federal taxes for the same three years
Current list of fixtures and equipment
The lease and related documents
Franchise agreement (if applicable)
List of encumbrances, loans, equipment leases,...
Most business owners think that their business is unique. There are obviously many different attributes that can make a business stand out from others. However, there are some key factors...
There are three good questions to consider before selling your business.
First, "Do you really want to sell this business?" If you're really serious about selling and have a solid reason...
When the owner of a business makes the decision to sell, he or she is taking a giant step that involves the emotions as well as the marketplace, each with...
In addition to using a business broker, there are specific steps you can take to increase the chance of a successful closing.
Know why you want to sell your business. Before...
The Letter of Intent (LOI) is a pre-contractual written instrument prepared by the buyer for the seller, which is usually the preliminary understanding of both parties. The Letter of Intent...
Most individual company owners only sell one business in their lifetime. A corporate buyer, however, may have been involved in quite a few transactions – some that worked and some...