Resources
4 Questions to Ask Before Buying an Existing Restaurant
If owning a restaurant has been a desire of yours, you may want to consider seeking out existing establishments to fulfil that dream. There are a number of reasons why taking the reins of a previously existing restaurant may be the best option with an easier path to...
Pros and Cons of Buying a Franchise
If you are looking to start a new business, you may be pondering whether to start fresh, or look for a chance to take over an existing operation. There are a number of reasons why taking the reins of a previously existing business may be the best option. But what...
Brokers Can Give Sellers a Marketing Edge
A business broker is a trained professional who helps people buy and sell businesses. Brokers are useful in the standard practices needed to sell a business, such as gathering the proper documents, estimating the value of a business, and connecting sellers to...
Selling Time Depends, But Help is Available to Keep Sale on Track
How long does it take to sell a business? The answer is, it depends. It may be exciting to start the process of selling a business. It also may be emotional or cause a great deal of anxiety − and for good reason. A lot of work goes into running a business, and a lot...
The Value of Business Valuation
Value is more than numbers, as any business owner can tell you, and the process for determining the worth of that business is an act that is equal parts skill and art. Assessing the value of a business or business unit, known as a business valuation, is a tool used to...
Five Traits That Signal a Business is Ready to Sell
If you are ready to sell your business and have started the process, you may be asking, "what next?" You may have taken these common actions: Assemble legal and financial help Hire a successful business broker Set a realistic asking price Create a digital presence...
Mistakes to Avoid During a Business Sale
Everyone makes mistakes. Some are easy to avoid; others can be harder to pinpoint. With all the intricacies involved in selling a business, it’s easy to make mistakes that may cost you big in the end. Avoiding them starts with knowing them and ends with taking the...
Is the Cost of Hiring a Broker Worth it?
If you are thinking of selling your business, you may be pondering whether paying a professional business broker is worth it. Finding the right business broker, it turns out, is valuable. Not only do brokers provide expertise to the sale process, but they...
Five Reasons Buying an Existing Business is the Best Option for Success
So, you want to start a business. It may be enticing to start a business from the ground up. It is a route many take to achieve their goals. But another option is to buy an existing business. Although this route may include a higher cost for initial investment, it...
What to Consider When it’s Time to Sell Your Business
Business owners sell their companies for many reasons. It could be time for retirement. You might want to simplify your life and work for someone else. Other business opportunities may present themselves and need capital for fuel. Whatever your reasons, you’ve thought...
