Selling a business can be a complex and challenging process. To attract potential buyers and achieve the highest possible sale price, it's crucial to have a well-planned marketing strategy in place. In this article, we will explore the steps involved in marketing a business for sale and provide valuable insights into creating an effective [...]
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Consumers rely on professionals to provide products and services, and one of the most important services out there is a reliable auto repair shop. The COVID-19 pandemic may have reshaped the automotive industry, but the demand for auto repairs remains stronger than ever. If selling an auto repair shop is in your future, consider working [...]
Medical experts are likely to be in high demand. In the next ten years, the industry is forecasted to grow by up to 16% (U.S Bureau of Labor Statistics, 2022). You might want to start considering selling your healthcare company, whether a private physician's practice or a medical billing business, to gain from the anticipated [...]
Selling an insurance agency should allow the seller to see the fruits of their labor. But sometimes, selling an agency can be tricky and regrettable. So, before selling an insurance agency, you need to ask yourself whether you truly want to sell it. Answering that question honestly will help define a clear purpose and motivation [...]
The first step in selling your distribution business is to start looking at your distribution company as a potential buyer. This will help you gain higher valuations when the time comes to sell your business. Before putting your distribution company on the market, you need to determine what makes it special. You will also need [...]
When considering how to sell a manufacturing business, there are many things to keep in mind before actually placing your manufacturing business for sale. Selling a business (especially in times of economic slump) comes with its challenges, some of which are common to all sorts of enterprises, while others are unique to manufacturing companies. Even [...]
The manufacturing industry has increasingly become a preferred option for anyone considering expanding their business acquisition portfolio. The demand for manufacturers continues to rise as many companies are in-sourcing more of their operations. However, the major challenge for most investors is assessing a manufacturing business's true value. Herein are tips any investor should consider if [...]
Since buyers, through their offers, largely determine the price for which a business will sell, we have compiled several factors that affect a business’ value in the eyes of a buyer. Here are five of the several factors to consider if you want to achieve more value for your business. Companies with a monopoly in [...]
In pricing a business for sale, we usually look at a multiple of cash flow or seller’s discretionary earnings for the industry of the business we are valuing and arrive at a sales price. But what if I told you there was a way to maximize your business’ value and receive more than your industry [...]
We’ve addressed in the past the difference between having a true business versus just having a job within your business. The more a business can run without the owner involved in its direct operation, the more value the business has to the owner and any eventual acquirer. Some owners focus on growing their profits, while [...]