Resources
Why Get a Business Valuation from MBB?
Complete our online form (we’ll guide you on what information to send in), request a valuation at team@mibizbroker.com or call (248) 220-3274.
How to Get a Business Valuation
The process of business valuation by brokers typically involves several key steps to ensure an accurate and comprehensive assessment of a business's worth. Here’s how a typical valuation process breaks down: Initial Consultation Data Collection Market Analysis...
Buying a Restaurant: Doing the Legwork
As already discussed, many first-time business owners dream of running a restaurant. Owning a restaurant takes passion and grit, but in the end the also comes with spontaneity, excitement, fulfillment, and a chance to control hours while giving back to the community....
Buying a Restaurant: What to Consider
Restaurants are a common first business for many business buyers. From variety of service and pricing, opportunities for full family involvement, and the thrill of building something that you can pass on, restaurants are a desirable investment for many first-time...
Drawing Financial and Strategic Business Buyers
We talked about the importance of drawing individual buyers to the sale of a business with emotional appeals. These motivations play a key role in understanding the buyers that may be drawn to purchase a business. However, emotional appeals are not as motivating to...
Selling a Business? Consider What May be Motivating Buyers
Selling a business takes a lot of preparation. Don’t forget to consider the buyer and what may be motivating them to become business owners, and specifically to want to buy YOUR business. Emotional motivations play a key role in understanding the buyers that may be...
What May Be Missing From Your Business Valuation Calculations
Calculating your business value takes a keen and objective eye. The process for determining the worth of a business is an act that is equal parts skill and art, one that a good broker will be fluent in. As a tool used to determine the sale value of a business, to...
How Do Business Owners Know That It’s Time To Sell?
It’s very common for business owners and entrepreneurs to question whether the business has run its course and it’s time to sell. If it doesn’t seem obvious that time has come, contemplating the “why” is a healthy and pivotal exercise to take on before taking the next...
How Will Personality Affect My New Business
If you’re looking to buy a specific business or franchise in Michigan, you may be questioning whether you are up to the task, or whether you will fit into the structure or atmosphere of the new venture. Questioning how your personality would fit into different work...
Advice on Buying a Michigan Business From Nadir Jiddou: ‘It’s Simple, Just Not Easy’
The first thing Nadir Jiddou will tell you before buying a business? Do your homework. And the homework Nadir advises for buyers is very introspective. “Know what you’re good at and know what you want to do before you make this commitment.” At the end of the day, he...