June 27, 2014
Blog
June 27, 2014
Selling our business
October 3rd, 2010 I am very pleased to write this letter of recommendation for Anthony J. Rigney. I have worked with many business brokers over my 25 year retail career and he stands out as the best I have worked with. I found him to be an extremely competent and personable individual to work with. I was impressed that Anthony...June 27, 2014
Searching for business investments
August 2, 2012 To Whom It May Concern: This is a letter of recommendation for Anthony Rigney. I have known and worked with Mr. Rigney for more than three years in searching for business investments. I have found him to be a diligent, persevering and knowledgeable business broker who brought many promising investment opportunities to me and ably assisted in...June 27, 2014
Sale of our business
August 10, 2012 The purpose of this letter is to formally commend Mr. Anthony Rigney for the excellent service he provided us, James and Deborah R***** in the sale of our business. After owning the business for over 35 years, we had possessed concerns of selling something so close. Mr. Rigney went beyond our expectations representing us in a professional...June 27, 2014
Buying and Selling a Business – Documentation
Years ago, when a business was bought or sold in Florida, the paperwork associated with the transaction was anything but standard. To compound potential problems, brokers were unlicensed and unregulated. Consequently, when papers were passed across the table for signature, a buyer or seller may have had concerns about potential “gotcha’s” lurking in the forms. Sometimes, those concerns were valid....
June 27, 2014
Is your business ready to sell?
In addition to the items mentioned in the previous posts, e.g., job descriptions, financial reports, etc., Quorum Business Advisors believes there are several other key factors that will help sell your business. Here are some key questions to ask regarding the saleability of your business: 1. Has the business grown over the past year? Two years? Three years? Growth...
June 27, 2014
Ten Commandments for Business Buyers
I. Thou Shall Not Be Greedy! Sellers deserve a fair price for the years they have spent developing the business. Be prepared to pay for the goodwill of the business. II. Thou Shall Have A Good Reason For Buying! Buying a business is hard work! It takes commitment! Spend time deciding why you want the responsibility of owning...
June 27, 2014
How Much is My Business Worth?
Every business owner wants to know the answer to this question. How much is my business worth? The issue is how to arrive at an accurate amount that will provide your business with the best chance of being sold at the best price. Our definition is based on reality: The business is worth what someone is willing to pay...
June 26, 2014
What to expect during Due Diligence
One of the first things a prospective buyer sees is the Business Listing Information sheet, or BLI. The BLI provides the buyer a wealth of data on the business of interest. The business owner has certified all data on the BLI is correct and supported by financial documents, leases, and other pertinent information. At this point in time, a buyer...
June 26, 2014
Buy a business vs. Start up. Which is right for you?
Whether you are looking at working for yourself or investing in a new and exciting business venture, all of the choices can make it confusing. Although start-ups may be exciting and relatively inexpensive at first, there are a lot of unknown factors and launching a new business takes incredible effort and time to build momentum. With an existing business, someone...