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Showing posts from October, 2017

Learn How to Sell a Business Without a Loan

Are you thinking of selling your small business but the idea of offering seller financing or having it pre-approved for a bank loan is giving you second thoughts? Does a buyer already have his sights set on your business but he doesn’t have the funds to purchase it? Luckily, there is a way to have your cake (sell a business) and eat it too (without debt). Here is the answer: Have the buyer access his retirement funds on a tax-deferred basis to buy your small business. Why would a seller prefer a buyer to use retirement funds to buy his business as opposed to other forms of financing? And why would a buyer consider using retirement funds to buy a business? Ease of access – Buyers can quickly access their retirement funds, whereas obtaining bank financing is costly, time-consuming and difficult. Sellers more readily accept an offer from a buyer who uses retirement funds to buy their business, whereas most sellers are reluctant to accept offers subject to financing du...

West Covina Business Brokers

West Covina Business Brokers Advice for Selling Your Business Aside from offering these services, our business brokers will also provide you with insight into the overall process of selling your business. We will offer advice that will help you avoid any mistakes that may make it more difficult to sell your business. The insider tips that we provide are based on our business brokers ’ years of experience in facilitating business sales and have proven extremely helpful for our clients in the past. Some of the insider tips that our past clients have found particularly helpful include: To maintain your privacy and protect your business, ask everyone involved in the sale of your business to sign a confidentiality agreement. To build a good rapport and make negotiations easier, be as accommodating as possible with potential buyers. To protect the value of your business, sell it discreetly. Do not tell anyone that your business is for sale until a deal...

Wilmington Business Brokers

Wilmington Business Brokers Tips for Selling Your Business In addition to these services, our business brokers also offer advice and support throughout the entire process of selling your business . We make it a point to answer any questions that you may have and offer advice to help you avoid obstacles before you encounter them. One of the ways that we advise you and help you avoid common mistakes is by offering you informative tips along the way. Some common tips that our business brokers give include: Continue Business as Usual : As you go through the process of selling your business, be sure to continue running your business’s daily operations as you normally would. This includes: maintaining inventory levels, maintaining all equipment, keeping a good rapport with customers and employees, and remaining fully engaged in all business activities. Failure to run your business normally as you go through the process of selling it can be detrimental to the value...

Wichita Falls Business Brokers

Wichita Falls Business Brokers Who is Morgan & Westfield The business brokers at the Wichita Falls, Texas office of Morgan & Westfield are members of the highly successful national business brokerage firm Morgan & Westfield. Morgan & Westfield is one of the largest business brokerages in the country. We have an unmatched reputation for providing expert support to business owners and we have a proven track record of success. The business brokers in our firm collectively have more than one hundred years of experience in facilitating business sales. We have facilitated sales for businesses with values ranging from $50,000 to more than $25,000,000. We work with business owners in all industries and we are committed to helping all of our clients to successfully sell their businesses. Our track record of success is evident when you consider all of the following criteria for measuring the success of a business brokerage: We have high closing ratios...

West Palm Beach Business Brokers

West Palm Beach Business Brokers We pride ourselves on working with all types of businesses across various industries including restaurants, manufacturing companies, and law firms. With our proven track record of success, we are committed to leverage on our past successes to assist you in selling your business.  Our Services In addition to confidentially advertising the sale of your business and protecting your privacy, the Morgan & Westfield business brokers could help you via our main services: Business Valuations: Our professional business brokers will perform a business appraisal for you. When the process is complete, we will provide you with a business valuation report to assist you throughout the business selling process and will aid you in pinpointing your business’s fair market value. Offering Memorandum: We will create a report that will be used to communicate pertinent information about your business to serious buyer...

Waterbury, Connecticut Business Brokers

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Waterbury Business Brokers     How Morgan & Westfield Is Different At Morgan & Westfield, our business brokers care about more than just selling your business . We pride ourselves on developing a relationship with you that is based on trust. We believe that our business brokers are able to build a bond with our clients by providing good, old fashioned customer service. You are never asked to sign any contracts with us. At Morgan & Westfield, we do not believe in operating on an exclusive basis or using a contract to force you to use our services. This aspect of Morgan & Westfield sets us apart from most other business brokerage firms. Another key difference between Morgan & Westfield and other business brokerage firms is the way that we structure our fees. Most firms require business owners to sign a contract and will collect a commission when your business is sold. Our business brokers require neither of these things. Instead, w...

Tyler, Texas Business Brokers

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Tyler Business Brokers How Our Business Brokers Can Help At Morgan & Westfield, we understand how challenging it can be to sell your business . The entire process can be stressful, confusing, and overwhelming. This is where a professional broker can help. We can simplify the entire process for you and eliminate the confusion. This is particularly helpful because while you may be selling your business, you are also still running your business. You need to maintain your focus because otherwise, the operations of the business will suffer and the value of your business will decrease. This is the last thing that you want. When you let our team of business brokers do the leg work of selling your business, you can focus on the important task of running it. Selling your business through a business broker is also likely to increase the profit that you receive. In fact, business owners that choose to sell their own business typically end up selling significantly b...

Temecula, California Business Brokers

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Temecula Business Brokers Tips for Selling Your Business Be as cooperative as possible with potential buyers: When presented you with a potential buyer, try to be as cooperative and accommodating as possible. Make an effort to schedule meetings around your potential buyer’s schedule and be open with them. Handling all interactions with your potential buyers in a friendly and cooperative manner will allow them to feel more comfortable and will make the entire negotiation process run more smoothly. Run your business as you normally would: Experience has shown that while our business brokers are handling the technical aspects of selling your business, it is important that you continue to run your business as usual in order to maintain its market value and prevent competitors from gaining market share. Failing to do so could cause your business’s value to decrease, making it significantly harder to sell. Remove inventory or equipment that is broken or that w...

Stockton, California Business Brokers

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Stockton Business Brokers Business Brokers That Are There for You At Morgan & Westfield, we broker business sales full time. We do not engage in other projects or overbook our business brokers. We believe in the importance of good, old-fashioned quality customer service. The services that we offer include: Performing business appraisals and valuations Creation and implementation of a confidential marketing plan Screening potential buyers Negotiation facilitation Securing funding for your business’s sale Performing due diligence Finalizing the sale of your business By only offering these services, our business brokers can focus their energy on helping you sell your businesses and support you throughout the entire process. At Morgan & Westfield, we believe that this emphasis on being there for you as you go through the process is what separates us from other business brokerage firms.  At Morgan & Westf...

South Bend, Indiana Business Brokers

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South Bend Business Brokers   Benefits of Using a Business Broker There are many benefits in using Morgan & Westfield to sell your small business . We offer a confidential service and adhere to International Business Brokers Association (IBBA) ethics at all times. We are happy to discuss your prospective business sale in a free initial consultation. Our team of experts can suggest innovative ways to market and sell your business and draw up a targeted marketing strategy. We will confidentially advertise your business not only in the West Los Angeles County area but throughout the country and also internationally, on business for sale websites. This ensures the widest exposure and will attract the most suitable prospective buyers. Because we are fee-based instead of commission-based like our competitors, we can save you thousands or tens of thousands of dollars. Let us take the stress out of selling your small business. Call us today on (574) 205-...

Santa Maria, California Business Brokers

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Santa Maria Business Brokers The Morgan & Westfield Advantage One of the major advantages of utilizing the services of the Santa Maria office of Morgan & Westfield is that we are not just one local firm, we instead are part of a national firm. As a result, we are able to access vast resources and use them to assist business owners in the local community. Our business brokers have access to a proprietary database containing tens of thousands of potential buyers for your business. All of them have been screened by the Morgan & Westfield team to ensure their financial capability and their sincere interest in buying a business . So, when our business brokers introduce you to a potential buyer, you know that they have been thoroughly pre-screened. Access to this database has another major advantage in that it allows us to expose your business to a vast audience - a much larger audience than most business owners could reach when selling their business pri...

San Mateo, California Business Brokers

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San Mateo Business Brokers How Our Business Brokers Help You Sell Your Business Our team of professional business brokers guides you through every step of the process of selling your business. We understand that selling a business can be complex. Our business brokers work to ease this process by handling the details while working with you as a team to accomplish the big picture task of selling your business. We are there for you every step of the way and answer all of your questions as they arise. Some of the most common questions that we receive from our clients are: What is the value of my business? When I sell my business, what financial statements do I need to provide? How do I protect my privacy? How do I find a buyer for my business? How do I know if a buyer is legitimate? How will the sale of my business be financed? What documentation will I need to finalize the sale of my business? Our team of business brokers...

6 things to do today to prep your business for sale

Too often, the shareholders of businesses wait until they are ready to sell their business to start planning for an exit. However, a lack of planning today may cause you to lose value when you ultimately are ready to go sip margaritas on the beach. Here are six best practices to follow before you want out. 1. Make sure your key employees are incentivized Key managers who are not the sole shareholders of the business can create a huge conflict of interest during a sale and hold shareholders hostage during sale negotiations. Make sure to put in place incentives (like a sale bonus or stock options program) today to avoid eleventh-hour power plays. 2. Establish key advisor relationships early Strong service providers can add substantial value to a sale process- in fact, they should pay for themselves. Create relationships with an experienced accounting firm, lawyer and investment banker or business broker today. And this means advisors with relevant M&A experience, ...