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...
You know everything there is to know about running your business but how much do you know about selling it and how to NET the most when you do? Have you ever sold one? How many? How successful was it? Did you have a sea of buyers competing for it? As business owners...
The stock market keeps climbing, interest rates are low, consumer confidence is near an all-time high. This is a perfect storm for getting the most for your business if you are considering selling now. If you are not, you should at least find out what your business might be worth. Records are being broken in...
Finish Strong - As a small business owner, your year-end push may be the difference between a decent year and a great year. Holidays are approaching and you and your employees can get distracted by the spirit of the season. Staying focused on the plan and working the plan to the end is the call...
I recently heard P J Fleck, coach of the University of Minnesota Gophers Football team say, “We play as a team of players not a group of players.” That got me thinking about how we operate at Sunbelt Business Advisors. Successful business owners usually have their own personal support team; perhaps a CPA or group...
• Preferred lenders have been given the authority by the SBA to underwrite their own SBA loans internally and make the final credit decision, saving multiple weeks in the process. • Preferred lenders have a proven track record of successfully processing and servicing SBA guaranteed loans. Other factors determining their PLP (Preferred Lender Provider) designation...
I was meeting recently with a business owner who was concerned about being able to sell a business without any hard assets or employees. He was trying to determine the value of his business. The fact is, you don’t need to have a lot of hard assets or employees in order to have a business...
Our federal government is currently funded through September 30th. Unless our elected officials approve a new budget before this date, the government will shut down. The most recent shut down lasted 35 days between 12/22/18 and 1/25/19. M & A Advisors and Business Brokers need to be proactive about buyer financing activities when a potential...
