Sell Business

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...
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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...
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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...
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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...
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