How do business buyers and business sellers navigate these uncharted waters? Business Buyers Corona-sensitivity: Is the company in an industry that is “corona-sensitive” such as restaurants, bars, gyms or movie theaters? If it is unclear whether the business is corona- sensitive then include a contingency in your offer. In most deals contingencies are written to...
--Charts Path for Growth, Expanding Space, Hiring Additional Talent MINNEAPOLIS – February 20, 2020 – Sunbelt Business Advisors President Chris Jones today announced several promotions and new hires. “Sunbelt Business Advisors has experienced remarkable growth in this strong economy,” said Jones. “Now is a great time to sell a business, and many people are taking...
--Blue Horseshoe Acquisitions Now Owns St. Paul-Based Manufacturer MINNEAPOLIS – February 17, 2020 – Sunbelt Business Advisors President Chris Jones today announced the sale of St. Paul-based Stewart’s Forest Products to Blue Horseshoe Acquisitions. Sunbelt Business Advisors veteran Dan Mulvaney represented the seller in the transaction. Stewart’s Forest Products began as a family-owned business in...
You’re buying a business and have already “shook hands” on the deal. But there are some things you should insist on before you close. Negotiate a “letter of intent”: An LOI is a short agreement between the parties that spells out all the important terms and conditions of the sale. It will include the purchase price,...
The idea of buying and selling everything from digital products to groceries, seemed like a too-good-to-be-true concept until the first online transaction in 1994 turned retail consumerism into a mammoth $500 billion (and growing) enterprise according to Statista.com. The dawn of e-commerce transformed the way the world does business and launched dot com giants like...
Families who own businesses are getting this piece of New Year’s advice: Sell. Not only is it a great time to put a private company up for sale while the economy is strong and many deep-pocketed buyers are circling, wealth advisers are also reminding clients of looming political uncertainty toward the end of 2020. If...
Division: Analysis and Transaction Support Compensation: Competitive Job Overview: The career motivated individual in this role will provide research and analytical services for our nationwide clients across many industries. A strong candidate will bring work ethic and ability to learn rapidly to support our deal teams in main street business brokerage and in lower...
Written by Randy Krivo, MBA, CMSBB, Licensed Business Broker It’s no secret that Private Equity firms have been acquiring independent Optometry practices throughout many parts of the U.S. for a number of years now. However, until recently, they were not active here in Minnesota or Wisconsin. That has now changed with the recent purchase by...
One of the key documents for marketing your business for sale is your Selling Memorandum or Confidential Business Profile. Your Selling Memorandum is a well organized, detailed and comprehensive book that should contain enough information to rouse interest, answer questions and help a prospective Buyer see your businesses strengths and its greater opportunity. This valuable...
