February 28, 2025
January 1, 2025
Sell your Business in 2025! Thousands of Buyers. Proven Results.
18 Years of Experience. Thousands of Buyers. Proven Results. As we enter 2025, it’s shaping up to be a banner year for business sales, and my team and I at Quorum Business Advisors are eager to help you seize the moment. With 18 years of experience in the industry, I’ve developed a reputation not just for honesty and integrity, but...
September 27, 2024
Why You Should Always Be Preparing Your Business for Sale
Why You Should Always Be Preparing Your Business for Sale – Even if You Don’t Plan to Sell Many business owners don’t think about selling until it’s necessary or until they’re ready to move on. But in reality, preparing your business for sale is something you should always be working on—whether or not you plan to sell in the near...
September 26, 2024
Steps to Selling a Business
Steps to Selling a Business: A Comprehensive Guide for Business Owners Selling a business can seem overwhelming, but breaking the process into manageable steps can make it much easier. Here’s a short guide to the key steps involved in selling a business. 1. Prepare for the Sale Preparation is key. The first step will be to obtain professional guidance. The...
September 26, 2024
Business Brokers Near Me
How to Find the Right Professional for Your Business Sale If you’re searching for “business brokers near me,” it’s likely because you’re considering selling your business and need expert guidance. Finding the right business broker is a critical step in achieving a successful sale. Here’s how to find the perfect match. Understand What a Business Broker Does A business broker...
September 26, 2024
Best Way to Sell a Business
The Best Way to Sell a Business: Tips for a Successful Exit There are many ways to sell a business, but not all are equally effective. Finding the best way to sell your business depends on your goals, timeline, and the current market environment. Here are the best strategies to ensure a smooth and profitable exit. Work with a Business...
February 13, 2024
Understanding Small Business Pricing
In the world of small business transactions, understanding the methodology behind business valuation and pricing is crucial for both buyers and sellers. Central to this process is the standard, yet often misunderstood assumption: small businesses are evaluated as if they will be run by an owner-operator. This principle is fundamental, not only for ensuring a standardized comparison between different businesses...
January 2, 2024
Will 2024 be the year you sell your business?
Will 2024 be the year you sell your business? A guide for business owners reaching retirement age. As we step into 2024, many of the baby boomer generation are reaching the age of retirement. This period often brings a significant decision to the fore: what to do with your business? For many of you, your business isn’t just a career;...
December 22, 2023
A Message for Business Owners Looking to Sell
As a seasoned business broker, my approach involves a meticulous analysis of each business through the eyes of a potential buyer. This perspective is crucial, especially when preparing a business for sale. It’s about conducting a thorough, critical examination of the business, highlighting its strengths while equally acknowledging its weaknesses. Buyers are typically attracted to aspects like consistent profitability, scalability,...
November 29, 2023
Understanding the handling of prepaid items in a business acquisition
Understanding the handling of prepaid items in a business acquisition When a business changes hands, it is important to address the handling of prepaid items such as gift cards and coupons as these items represent a future liability for the buyer. Prepaid items such as gift cards, coupons, and similar commitments represent both a business asset and a liability. Many...
November 14, 2023
The Risks of Overvaluing Your Business: Insights from a Broker
In the competitive world of business sales, owners often face a harsh reality when it comes to the valuation of their businesses. As a seasoned business broker, I frequently encounter business owners who are disappointed by our valuation. This discrepancy between reality and expectations leads some to believe that by shopping around for a broker who will appraise their...
September 25, 2023
Preparing your business to sell
Preparing a business for sale is a significant undertaking that should not be taken lightly. Its best to ready yourself and the business in advance. In this article Anthony John Rigney of Quorum Business Advisors gives Important insight into some of the key aspects of preparation. Financial: Ensure that your financial documents are up to date. Tax returns must...
December 10, 2021
How to Sell your Business
How to Sell Your Business Out of all the businesses listed for sale, only about 10% to 20% ever sell. There are many reasons why your business sale may fail to go through. It could be that your business is bleeding cash, you have overpriced it, you have irreconcilable flaws, or you lack a professional business broker. Now, if you’re trying to...