By Keith Payne Licensed Business Broker, Sunbelt Business Advisor and Independent Insurance Specialists
Does this sound like you?
- You’re somewhere between the ages of 40-60, have built a well-established, successful business over the past 20+ years and you’re not quite ready to retire.
- You still have some of the passion you had when you started, but always being a phone call away from something that needs your immediate attention is getting old.
- If only you could have an option to stay in the business but lose all the responsibilities and pressures that come with business ownership.
- Better yet, take some of your chips off the table, remain a partial owner for a period and get a second bite at the apple later upon exiting.
With the recent revisions to SBA loans, this is now an option for you! That’s right, you now can sell all or a portion of your business, stay on in a capacity that best suits your lifestyle and possibly receive additional proceeds in the future. In the past, this option was only available to larger businesses selling to private-equity, but now is available to you, the small to mid-size business owner.
At a minimum, you should know what your business is worth in today’s market. This will get you a step closer to know what options you may have, and with these recent changes, you may have more options than you think!
To learn more or to find out what your business is worth today, contact Keith Payne with Sunbelt Business Advisors for a confidential, no-cost, no-obligation Value Range Assessment.
About Sunbelt Business Advisors of Minnesota
The Sunbelt Business Advisors Minneapolis office is the largest office in the Sunbelt network with a staff of over 50 advisors, associates, analysts, and business development representatives. In 2021 the firm was recognized by the International Business Brokers Association as the #1 firm in the country and the first firm in history to sweep all three first-in class awards. Sunbelt provides services to business owners interested in selling their businesses, assistance with merger and acquisition activities, complimentary business value assessments, and advice to business owners seeking to maximize their life’s work when they exit. The firm provides business brokerage and mergers & acquisitions services for companies with revenues from $500,000 to $150 million. More information is available at www.sunbeltmidwest.com (<Under $5 million revenue) and www.tnma.com ($5 – $150 million in revenue).